Interest Rate Policy - The benchmark interest rate remains unchanged in a range of 425 to 450 basis points [1] - The statement omits any forward guidance regarding future rate adjustments [1][2] - The committee will continue to carefully assess incoming data, the economic outlook, and the balance of risks when considering future adjustments to the target range [3] Economic Assessment - Economic growth moderated in the first half of the year, influenced by swings in net exports [1] - Uncertainty surrounding the economic outlook remains elevated [2] - Labor market conditions remain solid, while inflation remains somewhat elevated [3] - One governor believes the labor market is on the edge [5] Dissenting Opinions - Two governors dissented, preferring a 25 basis point rate cut, marking the first time since 1993 that two governors voted against a committee decision [4]

what we can expect today in the meetings ahead. Joining us, Stephanie Roth, chief economist at Wolf Research, along with Larry Adam, chief investment officer at Raymond James, and Andrew Scizarowski, strategic income portfolio manager at Morgan Stanley Investment Management. I think that is full team coverage.Andrew, we'll begin with you. What is your expectation from the Fed today. And more importantly, what do you want to hear them say.>> No, thanks for having me. I think look the expectations are low for ...

today Apple Amazon tomorrow. But we have bigger things to discuss before we get to that. Weiss.The pause that refreshes or is some consolidation in the cards again, I mean, when you've got 24 days, almost a month without a 1% move in either direction, that sort of gives you an idea that there's been a resting period in place for this market. What breaks it up. >> Well, look, I think it's necessary to have the perspective of what happened up to that point and up to that point.Early on, you go to April. We ha ...

Economic Indicators - Pre-market futures show slight increases with Dow up +20 points, S&P 500 up +8 points, and Nasdaq up +50 points, following economic news [1] - ADP reported +104K new private-sector jobs in July, a significant rebound from the revised -23K in June and exceeding the consensus estimate of +64K [3][6] - Q2 GDP growth was reported at +3.0%, surpassing the expected +2.3% and marking a recovery from the -0.5% in Q1 [7][8] Company Earnings - Kraft Heinz (KHC) exceeded bottom-line earnings estimates by +7.8%, reporting 69 cents per share [2] - V.F. Corp. (VFC) reported a smaller-than-expected loss, improving by +31.5% [2] - Etsy (ETSY) missed Zacks consensus estimates by -53.7% [2] Sector Performance - The job growth breakdown shows Goods-producing jobs at +30% and Services at +70%, with Leisure & Hospitality leading at +46K new jobs [4] - Small companies added +12K jobs, while medium and large businesses contributed +46K jobs [5] - The Core PCE Price Index rose to +2.5%, indicating stronger-than-expected economic growth without runaway inflation [8][9] Market Expectations - The Federal Open Market Committee (FOMC) is expected to maintain interest rates at +4.25-4.50% during the upcoming meeting [9] - Anticipation surrounds whether voting members will support or oppose Fed Chair Jerome Powell's stance on interest rates [10] - Major companies like Microsoft (MSFT) and Meta Platforms (META) are set to report earnings after the market closes [11]

Ghana lowered the key interest rate by the most on record after the pace of inflation significantly slowed in the West African nation and is expected to ease further https://t.co/wCioi5tHzn ...

Pre-market futures are up slightly this morning, countering the slight selloff we saw during Tuesday's trading day. Economic news out ahead of the open bounced pre-markets higher momentarily, but currently we're +20 points on the Dow, +8 on the S&P 500 and +50 points on the Nasdaq. Bond yields crept up a bit following these reports and in anticipation of the Fed meeting this afternoon. Earnings reports ahead of the bell show a few big changes from expectations: Kraft Heinz (KHC) beat bottom- line earnings e ...

Group 1 - Consumers in the US are becoming more cautious about spending, even on small treats like Oreo cookies, leading to a decline in revenue and sales volumes for Mondelez during the second quarter [1][2] - Mondelez's North American sales fell by 3.5% year over year in the second quarter, attributed to consumer anxiety regarding personal finances, job expectations, and inflation [2] - Many customers are opting for smaller packs of cookies that are more expensive per unit, contributing to a decrease in the overall volume of snacks sold in the US [2][9] Group 2 - The threat of tariffs has influenced shopping behavior, with companies like Conagra and Walmart planning to pass on some costs to consumers, potentially resulting in higher prices [7] - Tariffs may have also led to reduced availability of Mondelez products on retail shelves, as stores adjusted their purchasing strategies in anticipation of tariff impacts [8] - Despite the overall slowdown in food consumption and snacking, some consumers are still willing to spend on dining out, indicating a complex consumer behavior landscape [10]

AND I GOT THAT TO MEAN THAT I THINK HE'S GOING TO START RECOMMENDING LOWER RATES. >> JOINING US NOW, FINANCIAL TIMES COLUMNIST GILLIAN TETT. GILLIAN, IT'S GREAT TO HAVE YOU HERE.LET ME READ TO YOU WHAT THE PRESIDENT POSTED THIS MORNING AHEAD OF THIS FED DECISION. HE WROTE ON TRUTH SOCIAL TWO Q GDP JUST OUT. HE'S TALKING ABOUT THE GDP REPORT THAT CAME OUT THIS MORNING, 3%.WAY BETTER THAN EXPECTED. TOO LATE. MUST NOW LOWER THE RATE.NO INFLATION. LET PEOPLE BUY AND REFINANCE THEIR HOMES. DO YOU EXPECT THE PRES ...

GDP Growth & Economic Strength - US economy grew stronger than expected in Q2, driven by trade balance and consumer strength [1] - Strong GDP growth and income growth were observed [2] - The GDP release showed overall economic strength [4] - Real income grew by 3% [7] Tariffs & Trade - $127 billion in tariffs were collected [3] - Imported goods prices have dropped, suggesting foreign producers are bearing tariff costs [6] - Revenue from tariffs is important for deficit reduction [19] - Approximately 40% of imports have a 10-15% tariff [21] - The EU and Japan have agreed to spend $1 trillion in America with capital formation [21] Government Spending & Employment - Government spending saw a 5% drop [3] - There are 70,000 fewer federal employees [3] Housing & Construction - Construction spending was a point of weakness in the numbers [10] - Construction projects were held up due to anticipation of the "big beautiful bill" [11] Monetary Policy - Core PCE is at 21% [8][14] - The White House respects the Federal Reserve's independence and analysis [14]

What kind of agreement can we make today at the Federal Reserve. What can we agree on. You be really interesting to see if the committee is getting more comfortable, having more conviction in there.You know, forecast that inflation may rise this year, but then, you know, come back down. So I think a lot of this discussion around what are the risks of the persistently high inflation. We know from Governor Chris Warren that he sees those risks as very low and that's why he's in favor of a cut.But is the commi ...