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Powell: “We have made no decision about September.”
Yahoo Finance· 2025-07-30 21:30
We have made no decisions about September. There's a lot of lean in the markets uh and not to mention uh out of the administration for a rate cut now in September. Uh is that uh expectation unrealistic at this point.So as you know today we decided to leave our policy rate where it's been which where I would characterize as modestly restrictive. Inflation is running a bit above 2% as I mentioned even excluding tariff effects. The labor market's solid, historically low unemployment, financial conditions are a ...
Fed holds rates steady: Breaking down the decision
Yahoo Finance· 2025-07-30 20:15
No change. The Federal Reserve holding rates steady in the range of four and a quarter to four and a half percent. But two Federal Reserve governors Chris Waller and Michelle Bowman dissenting, preferring to cut rates by 25 basis points, underscoring division within this Federal Reserve over the impact of President Trump's tariffs on inflation.This is the first time in 30 years that we have seen two Federal Reserve governors descent simultaneously. Now, there were some changes to the policy statement. Notab ...
Powell: “Higher tariffs have begun to show through more clearly.”
Yahoo Finance· 2025-07-30 20:14
Monetary Policy - The committee decided to maintain the target range for the federal funds rate at 425 to 450 basis points [1] Economic Outlook - Higher tariffs have begun to show through more clearly to prices of some goods [1] - The overall effects of higher tariffs on economic activity and inflation remain uncertain [1]
Wall Street bull boosts his S&P 500 target to 7,100
Yahoo Finance· 2025-07-30 19:19
The S&P 500 will close out the year at a new record high. That's according to Wall Street's biggest bull. It's John Stalus of Oppenheimer.He's boosting his year-end target for the benchmark index to 7,100, citing progress on trade negotiations, removing lingering uncertainty for investors. Joining us now, the man behind that call, John Stalus, Oenheimer, chief market strategist. John, it's great to see you.Julie, great to be on the show. Always great to be working with you. Oh, I appreciate that.So, so tell ...
Have you noticed ☕️coffee prices going up📈lately? You’re not crazy. Here’s why… #coffee
Yahoo Finance· 2025-07-30 18:47
It feels like the price of a cup of coffee is rising dramatically. Is this true. And what have you found in your reporting on this.>> Yes, absolutely. So, it's up 12.7% since last June with the price of ground coffee at $8.13% in June and that's up about a dollar since January. Basically what I can tell you is that in 2023 and 2024 there were adverse weather conditions in major coffee producing countries and that helped contribute to rising prices as well as the cost of shipping.And how are tariffs related ...
Trump announces 25% tariff on India, pending home sales fall, Oppenheimer boosts S&P target to 7,100
Yahoo Finance· 2025-07-30 17:49
Market Catalysts anchor Julie Hyman reports on the latest market movers for July 30, 2025. President Trump announced a 25% tariff rate for India, which could also face an extra import tax due to Russian oil purchases. This announcement comes after President Trump said the US and India are close to a deal on trade, and the president's trade deadline of August 1st is nearing. Pending home sales fell 0.8% in June from the previous month and 2.8% year-over-year. Julie spoke with the National Association of Real ...
Trump's Fed pick will follow orders from the White House, Paul Krugman says
Yahoo Finance· 2025-07-30 16:20
Federal Reserve (The Fed) & Interest Rates - The biggest public misunderstanding about the Fed is the idea that lower interest rates are a reward for good economic behavior, rather than a tool to manage the economy [1][2][3] - The economy is confusing, with mixed signals from unemployment and inflation indicators, making a strong case for a rate move difficult [4][5] - There's no clear case for the Fed to move rates, and anyone confident about the correct move isn't paying attention [5] - The Fed's "transitory" inflation call was conceptually correct but numerically off, and criticisms of the Fed being behind the curve were wrong [7][8][9] - Politicizing the Fed is a clear intention, with potential for "Turkey-style" economic policy if political constraints were absent [13] Trade & Tariffs - The long-term effect of Trump's tariffs is estimated to reduce GDP by 04%, which is significant but not catastrophic [18][19] - Markets may be correctly concluding that the trade situation will settle down into a world of high tariffs, leading to a slightly poorer economy but not a depression [20][21] AI & Technology - AI, or rather large language models, are not truly "thinking" but statistically predicting responses based on existing knowledge [24][25] - Significant job displacement due to AI is possible, as many jobs don't require deep thinking [25] - It's possible to believe that some AI stock prices are in a bubble while also acknowledging that AI is a seriously important new technology [23]
US-China trade talks update, Fed preview
Yahoo Finance· 2025-07-30 15:14
to Morning Brief Market Sunrise. I'm Raman Karamali live from Yahoo Finance Studios in London. It's Wednesday, 30th July.Coming up on the show, Wall Street is gearing up for a big day. Policy makers at the Federal Reserve will make their call on interest rates and big tech is set to dominate corporate earnings. We'll have an update on how trade talks between China and the US went in Stockholm, and we'll have the details of the latest companies to warn about the cost of tariffs.So, grab your coffee and let's ...
Starbucks CEO: 'Choices made before me really set us back'
Yahoo Finance· 2025-07-30 14:44
Turnaround Strategy & Operational Improvements - Starbucks is in the early stages of a turnaround, focusing on resetting its operating platform to improve customer connections and service [1][4] - The "Green Apron service model" aims to provide adequate labor in stores, ensuring partners have time for tasks and customer interaction [4][5] - A pilot program across 1,500 stores showed tremendous progress in mobile order management and customer service, leading to company-wide implementation [6] - Starbucks is addressing challenges within its control, including mobile ordering, store lines, and worker satisfaction [7][8] - The company has seen progress in transactions, value perceptions, and mobile order efficiency [8] Innovation & Future Growth - Starbucks plans to layer in innovation in tech, menu, and the rewards program after establishing a strong operational foundation [6][9] - The company is exploring different cup sizes for specific occasions, such as the short cup for Cortado [15][16] - Starbucks is developing a protein coffee and reinventing the bake case to drive growth [13][30] Financial Outlook & Market Competition - Starbucks aims to return to pre-COVID performance levels, using 2019 as a financial guidepost [27] - The company believes it can achieve top-line growth that flows to the bottom line through operational improvements and cost management [29] - Starbucks is monitoring coffee prices and potential tariffs but currently has no plans to raise prices due to diversified buying and hedging strategies [17][18][19] - The company is seeking a strategic partner in China, with over 20 interested parties, and sees significant long-term growth potential in the Chinese market [20][21] - Starbucks' strategy to compete involves providing great craft coffee, drinks, and food in a great place with multiple access points like cafes, mobile order pickup, and drive-thrus [23][24][25]
LIVE: Fed Chair Jerome Powell delivers remarks on interest rate decision
Yahoo Finance· 2025-07-30 13:25
LIVE: Fed Chair Jerome Powell delivers remarks on interest rate decision About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/Yahoo ...