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The Latest Breaking News from Jeffrey Schmid

Warsh Says Inflation Trends Remain High Despite Recent Readings, But Stops Short Of Anticipating Moves From The Fed

"While this summer's PCE and CPI readings were better than expected, they do not tell me that underlying trends have meaningfully improved," Warsh said in Jackson Hole.

International Business Times

US Fed officials keep rate hike in play as inflation clouds Kevin Warsh's first Jackson Hole address

Federal Reserve officials expressed concerns about stubbornly high inflation at Jackson Hole. Some policymakers believe further interest rate increases may be necessary soon. Persistent price pressures could threaten the central bank's credibility and credibility. Inflationary mindsets might embed themselves within the economy over time. Investors await further data and signals…

The Economic Times

Cleveland Fed's Beth Hammack Reiterates Her Call For Rate Hikes, Says 'Now Is The Time To Act'

"I believe that we've been in an inflationary situation for more than five years. It's been running well above our target," Hammack said in Jackson Hole.

International Business Times

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The Kansas City Fed President Said Inflation Is 'Sticky' And Believes The Central Bank Has Not 'Broken Through'

Jeffrey Schmid, who does not vote on FOMC decisions this year, stopped short of calling for a rate hike.

International Business Times

Trump Fumes at Nasdaq Plunge, Says 'Stocks Should Go Up, Not Down' After Bumper Jobs Report

President Trump criticised Wall Street's sell-off following a strong jobs report, highlighting tensions between economic growth and inflation concerns, as investors anticipate potential interest rate hikes.

International Business Times UK

Fed officials mull raising rates to curb growing inflation risk

Federal Reserve officials signalled potential rate hikes if Middle East tensions drive a prolonged energy shock and keep inflation elevated. Policymakers, including Michelle Bowman, warned inflation risks remain high above target, while markets shift expectations from rate cuts to possible tightening as oil prices and supply disruptions persist.

The Economic Times

US stocks today: US stocks end higher on tech rally; investors eye Beijing talks

US stocks closed higher with S&P 500 and Nasdaq hitting fresh record highs, led by a tech rally after Nvidia got approval to sell H200 chips to China. Investors tracked Trump-Xi talks in Beijing, solid retail sales data, and rising inflation risks tied to energy prices impacting Fed rate cut…

The Economic Times

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Shrinking economy takes toll on FTSE 100 amid ‘unsurprising surprise’

The index dipped after a promising start amid poor growth figures and US tech concerns.

Evening Standard

Federal Reserve Defers to Donald Trump by Cutting Interest Rates by 25 Points

The Federal Open Market Committee lowered the federal funds rate for the third meeting in a row despite elevated inflation.

Reason

Uncertainties over economy threaten Federal Reserve interest rate cut

A December rate cut is far from certain as inflation continues to run above the Fed's target. At the same time, risks to the US job market remain.

Euronews

Powell comments about future rate cuts reflect growing division within the Fed

Federal Reserve chair Jerome Powell this week acknowledged "strongly differing views" on the committee about a December rate cut.

Axios

Fed cuts key rate yet Powell says future reductions are not locked in

Euronews

Stocks Settle Lower as Bond Yields Rise on Hawkish Fed Comments

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down by -0.40%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -0.46%. September E-mini S&P futures (ESU25 ) fell -0.40%, and September...

Barchart

Dollar Moves Higher on Hawkish Fed Comments

The dollar index (DXY00 ) on Thursday rose by +0.41% and posted at a 1.5-week high. The dollar garnered support from hawkish Fed comments. Kansas City Fed President Jeffrey Schmid said “modestly restrictive” monetary policy is still appropriate due to inflation risks. Meanwhile, Cleveland Fed President Beth Hammack said she...

Barchart

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Barchart

Stocks Fall as Bond Yields Climb

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.16%. September E-mini S&P futures (ESU25 ) are down -0.18%, and September...

Barchart

Dollar Climbs as Bond Yields Rise on US Economic Strength

The dollar index (DXY00 ) today is up by +0.27% at a 1-week high. The dollar garnered support today on comments from Kansas City Fed President Jeffrey Schmid, who said "modestly restrictive" monetary policy is still appropriate due to inflation risks. The dollar added to its gains on stronger-than-expected US...

Barchart

Stocks Pressured by Weak Walmart Earnings and Higher Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.40%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.39%. September E-mini S&P futures (ESU25 ) are down -0.43%, and September...

Fortune

Trump is once again pushing for a rate cut. FOMC members are building a credibility barricade around Jerome Powell

Jerome Powell, Tom Barkin, Jeff Schmid, and Lorie Logan have said they’ll wait for data before axing the interest rate—not what President Trump wants.

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Barchart

Nasdaq Futures Gain With Focus on Nvidia Earnings

December Nasdaq 100 E-Mini futures (NQZ24) are trending up +0.14% this morning as investors shifted their focus to a highly anticipated earnings report from AI darling Nvidia.

Barchart

Nasdaq Futures Tread Water as Investors Brace for Nvidia Earnings

December Nasdaq 100 E-Mini futures (NQZ24) are trending up +0.09% this morning as investors shifted their focus to a highly anticipated earnings report from AI darling Nvidia.

International Business Times

Four Fed Policymakers Back Further Rate Cuts But Differ In Pacing

Four Fed policymakers support rate cuts but differ on the pace that it would be implemented.

Barchart

Stock Index Futures Climb Ahead of Powell’s Jackson Hole Speech

September S&P 500 E-Mini futures (ESU24) are up +0.51%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.60% this morning as market participants awaited Federal Reserve Chair Jerome Powell’s Jackson Hole speech for more clues on the amount and timing of interest rate cuts.

Barchart

Stock Index Futures Slide After Yesterday's Rally

September S&P 500 E-Mini futures (ESU24) are down -0.39%, and September Nasdaq 100 E-Mini futures (NQU24) are down - 0.57% this morning while investors awaited a new batch of U.S. economic data due next week to reinforce signs of resilience in the world’s largest economy.

Barchart

Stock Index Futures Extend Rebound as U.S. Recession Worries Ease

September S&P 500 E-Mini futures (ESU24) are up +0.39%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.42% this morning, building on yesterday’s sharp gains after U.S. labor market data helped alleviate concerns about a significant economic slowdown, while investors awaited a new batch of U.S. economic data due…

Fortune

Fed president throws doubt onto September rate cut Wall Street is desperate for

"We should be looking for the worst in the data rather than the best."

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