The Latest Breaking News from US Federal Reserve

Morgan Stanley cuts outlook on banks, BofA expects caution from JPMorgan, Wells Fargo, BlackRock earnings due Friday.

The dollar index (DXY00 ) today is down by -1.40%. The dollar is sliding today on concern the escalation of the US-China trade war will derail the economy and lead to stagflation. The US raised tariffs on China Wednesday to 125% from 104% after China retaliated and imposed 84% tariffs...

The prospect of high inflation stemming from widespread tariffs along with weaker hiring could put the Federal Reserve in a difficult spot, Fed policymakers said in minutes from last month's meeting.

June S&P 500 E-Mini futures (ESM25) are down -2.20%, and June Nasdaq 100 E-Mini futures (NQM25) are down -2.33% this morning, pointing to a sharp pullback on Wall Street after yesterday’s historic rally, while investors brace for the release of crucial U.S. inflation data.

When 10-year Treasury yields head in the wrong direction that has major implications for the U.S. economy.

The prospect of high inflation stemming from widespread tariffs along with weaker hiring could put the Federal Reserve in a difficult spot, Fed policymakers said in minutes from last month’s meeting

An alarming spike in 10-year Treasury yields finally persuaded Trump to act on tariffs.

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +9.52%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +7.87%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +12.02%. June E-mini S&P futures (ESM25 ) are up +9.62%, and June E-mini Nasdaq futures...

The bond market is sending concerning signals as the Trump administration executes its rapid reordering of global trade relationships.