Monetary Policy & Economic Outlook - The former World Bank president suggests the Fed's interest rates are too high and need to be cut, advocating for a remaking of their models to welcome growth [1] - The analysis indicates that current Fed models inherently limit growth, hindering wage growth and manufacturing job creation [1][9] - The report mentions that Europe is running at very slow growth, practically a recession all the time [1] Fiscal Policy & Debt - The report argues against raising taxes, suggesting extending current tax rates to avoid a tax increase and promote growth [2][3] - The analysis claims that financial markets are reacting positively to the bill because it gives stability in the tax code [10] - The report acknowledges the US government debt is a big problem [6] - The report claims that the additional $33 trillion (3300 billion) in debt is based on a static model that doesn't account for growth impact [5][7] Political Context - The report suggests that Fed chair Jay Powell's comments on tariffs were influenced by an anti-Trump sentiment in Europe [1] - The report claims that the CBO models and joint tax committee models were all put in by Biden [3] - The report claims that all of Washington DC is complicit in making the government bigger and bigger [10]

Market Trends - New Zealand house prices experienced their first increase in three months [1] - The rise in house prices suggests a modest recovery in the New Zealand housing market [1] Economic Factors - Falling interest rates are contributing to the potential recovery in house prices [1]

DANI: HERE IS WHAT YOU NEED TO KNOW. THE PRESIDENT TRUMP'S TAX BILL FACES REPUBLICAN RESISTANCE WITH A VOTE SCHEDULED TODAY. NO DELAY THE PRESIDENT SELECT -- STICKS TO HIS JULY 9 TARIFF DEADLINE THREATENING JAPAN WITH LEVEES UP TO 35% AND THE BIGGEST BANKS ON WALL STREET BOOST THEIR DIVIDENDS AFTER PASSING DEFENSE STRESS TESTS.MOMENTUM STARTS TO WANE. ALL-TIME HIGHS AND THEN WE FELL YESTERDAY. A BIG ROTATION INTO VALUE STOCKS THAT CONTINUES INTO THE FUTURE SESSION THIS MORNING.S&P HIGHER BY ABOUT 1/10. RUSS ...

So, we listed a bunch of factors there. The market seems to be shrugging it off, at least right now in the pre-market. Futures are higher.In your mind, what's the biggest one of those things that investors should be mindful of and could potentially impact this market in a negative way. So, first and foremost, we obviously have to acknowledge there's a lot of the risk that have been reduced over the last couple of months, both relates to geopolitics, fiscal uncertainty, trade uncertainty. I think when we loo ...

Monetary Policy & Inflation - ECB Governing Council member Mario Centeno indicates policymakers remain cautious despite inflation reaching the 2% target [1] - The ECB is not in a hurry to further reduce borrowing costs [1] Euro & Trade - Discussion includes the euro exchange rate and the importance of a potential trade deal [1] - Topics covered: profile for investment in the euro-area, uncertainty, and trade deals [1] - Mentions the euro as a global reserve currency and a stronger fiscal union [1] Economic Outlook - Discussion of the euro-area neutral rate, growth, and the labor market [1]

Poland will likely keep interest rates unchanged after policymakers turned cautious, citing loose fiscal policy and global price risks https://t.co/9JheNe3y6U ...

Brazil has raised interest rates on farm equipment financing, threatening to constrain a much-needed recovery in tractor sales https://t.co/8p5Pr7cNQn ...

So from our standpoint um as you will have seen a solid majority of FOMC participants do expect that it will become appropriate uh later this year to begin to reduce rates again. And so um and u that will depend though as Christine just mentioned on the incoming data. We'll be monitoring particularly what does show up in terms of of inflation or what does not show up and also carefully watching the labor market.you know, there we watch very carefully for signs of of unexpected weakness. We see a gradual coo ...

Bank of England Governor Andrew Bailey said high interest rates are having less of an impact on inflation because of Britain’s low levels of debt among both businesses and consumers https://t.co/AQMCkQIocq ...

>> LIVE FROM WASHINGTON, D.C., THIS IS "BALANCE OF POWER" WITH JOE MATHIEU AND KAILEY LEINZ. JOE: IT'S TIME FOR THE VOTE-A-RAMA ON PRESIDENT TRUMP'S BIG BEAUTIFUL BILL. WELCOME TO THE EARLY EDITION OF "BALANCE OF POWER" ON BLOOMBERG TV AND RADIO WITHIN HOURS-LONG AMENDMENT SESSION GETTING UNDERWAY IN THE UNITED STATES SENATE EXPECTED TO LEAD TO A FULL FLOOR VOTE BY THE TIME THIS IS DONE. ALONGSIDE KAILEY LEINZ, I'M JOE MATHIEU IN WASHINGTON. WE THANK YOU FOR JOINING US ON "BALANCE OF POWER. " IT LOOKS LIKE ...