Macro

Bessent Urges Japan to Hike Rates and Strengthen Yen

US Treasury Secretary Scott Bessent called on Japan to raise interest rates and steady its finances, pointing to a possible Bank of Japan hike in September

Trump Warns Communities Opposing AI Data Centers Risk Becoming ‘Backwards and Poor’

President Trump warned US communities rejecting AI data centers risk becoming 'backwards and poor,' as local resistance grows ahead of November's midterms.

Trump Says Exxon Entering Venezuela as US Claims 65 Billion Barrels

Trump said Friday the US secured majority control of 65 billion barrels of Venezuelan reserves and that Exxon would return, though gas prices are unlikely

Bessent Urges Japan to Hike Rates and Strengthen Yen

US Treasury Secretary Scott Bessent called on Japan to raise interest rates and steady its finances, pointing to a possible Bank of Japan hike in September

Pentagon Gets 35% Stake in Venezuela Oil Firm Under $100 Billion Deal

The White House confirmed a Venezuela oil deal granting the Pentagon a 35% stake and NABEP 100-year concessions over 17 fields holding 65 billion barrels.

Bessent Urges Japan to Hike Rates and Strengthen Yen

US Treasury Secretary Scott Bessent called on Japan to raise interest rates and steady its finances, pointing to a possible Bank of Japan hike in September

US Stock Futures Fall as Iran Strikes and Fed Rate Bets Rattle Traders

US stock futures dropped Monday as strikes on Iran and rising Fed rate-hike bets rattled traders, with Trump vowing further action against Tehran.

Bank of Korea Raises Rate to 3% in Second Straight Hike

The Bank of Korea raised its benchmark rate 25 basis points to 3.0% on Thursday, a second straight hike backed by a chip-led export boom.

Warsh Cuts Fed Statement to 130 Words, Drops All Rate-Cut Language

Fed Chair Kevin Warsh shortened the post-meeting statement to 130 words from 341, removing all mention of future rate cuts and hinting at higher-for-longer

Warsh Heads to Jackson Hole Without Clear Inflation Signal, Markets Watch Closely

Fed Chairman Kevin Warsh heads to Jackson Hole without a firm inflation position, as prediction markets bet he avoids mentioning rate cuts.

US Inflation Holds at 3.7% in July, Well Above Fed’s 2% Target

US PCE inflation held at 3.7% in July, above the Fed's 2% target, as core prices stayed at 3.3% and second-quarter GDP was unrevised at 1.5%.

US National Debt Tops $40 Trillion, Doubling in a Decade

US public debt topped $40 trillion on Tuesday, the Treasury said, doubling over a decade as deficits, interest costs and spending climb.

Fed Officials Signal Rate Hike if Inflation Fails to Cool, Minutes Show

Federal Reserve minutes from the July meeting show officials divided on inflation, with growing support for raising interest rates if price pressures persi

Trump Pauses 50% Canada Tariffs for Three Days as Deal Nears

Trump has delayed new 50% tariffs on Canadian goods for three days, saying the US and Canada are close to finalizing a trade agreement.

Fed Minutes Gain Weight as Warsh Curbs Central Bank Communication

Federal Reserve minutes due Wednesday take on added significance as Chair Kevin Warsh curbs public communication, leaving markets starved for guidance.

Brent Crude Tops $90 as US-Iran Ceasefire Expires, Trump Threatens Oman

Brent crude climbed above $90 a barrel after the US-Iran ceasefire window expired and Trump threatened Oman, reversing weeks of market calm.

Oil Falls to Three-Week Low After Trump Calls Off Iran Attack

Oil prices fell to a three-week low and U.S. stock futures rose after President Trump called off a planned strike on Iran, easing conflict fears.

Japan’s Economy Grows Just 1.1% in Q2, Missing 2% Forecast

Japan's economy grew an annualized 1.1% in the second quarter, below the 2% forecast, as flat consumer spending and slowing exports weighed on growth.

JPMorgan Raises S&P 500 Year-End Target to 8,000 on Growth Optimism

JPMorgan has lifted its year-end S&P 500 price target to 8,000 from 7,800, citing resilient earnings and steady economic growth as key drivers.

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