Bloomberg Gold advanced as the dollar slid, with investors weighing the White House’s next steps on tariffs after the US Supreme Court struck down President Donald Trump’s sweeping global tariffs. The Supreme Court said Trump exceeded his authority by invoking a federal emergency powers law to impose his “reciprocal” tariffs across the globe as well as targeted import taxes. The ruling invalidates a large portion of the tariffs that Trump has rolled out in his second term. The ruling implied that the US ...

Economic Impact of Supreme Court Ruling - The Supreme Court's decision to strike down President Trump's global tariffs is expected to lead to a decrease in consumer prices, potentially boosting consumer spending and business investment [7][8][9] - The ruling may complicate ongoing trade negotiations, as many agreements were made with the tariffs in mind, leading to uncertainty in future tariff structures [9][10][11] Market Reactions - Following the Supreme Court ruling, the U.S. 10-year yield increased, reflecting market concerns about the implications for U.S. debt levels and budget deficits [5][12] - Analysts noted that the market had largely anticipated the ruling, with a 75% probability assigned to the outcome prior to the announcement, leading to a measured market reaction [18] Federal Reserve Policy Outlook - The current economic indicators suggest that the Federal Reserve may not need to lower interest rates immediately, as inflation remains a concern and the economy shows signs of stability [2][4][20] - There is speculation that the Fed may adopt a more data-dependent approach moving forward, with potential for rate hikes later in the year if inflation pressures increase [21][22][23] Private Credit Market Concerns - Blue Owl's decision to restrict withdrawals from one of its private credit funds has raised concerns about the overall health of the private credit market, although some analysts believe the situation is not indicative of systemic issues [39][40] - The private credit sector has seen growth stall, and there are expectations of rising default rates in 2024 and 2025, prompting a reassessment of investment strategies [62][64] Municipal Market Implications - The restart of the $16 billion Gateway Tunnel project may have implications for municipal budgets, particularly in states that have been targeted by federal funding cuts [77][79] - Financial advisors are concerned about how federal funding policies could impact state and local government bonds, especially in high-tax states like California and New York [80][81][84]

SummaryDallas Fed's Logan sees inflation ebbing but unclear if 2% target in sightLogan says monetary policy well positioned to deal with risksShe says Supreme Court tariff ruling brings more uncertaintyNEW YORK, Feb 20 (Reuters) - Dallas Federal Reserve President Lorie Logan said on Friday that while she expects inflation pressures to ebb as tariff impacts on the economy wane, she's not yet prepared to say what the next move for monetary policy should be.Logan, speaking at an event at Columbia University in ...

Andrew Bailey and his panel of rate-setters ‘should aim to run the economy slightly hot’, the IPPR says - Andy Rain/EPA/Shutterstock The Bank of England has been urged to cut interest rates “aggressively” to avoid leaving “growth on the floor”. Economists at the Institute for Public Policy Research (IPPR), a think tank with ties to Labour, have called on Threadneedle Street’s policymakers to move quickly to lower borrowing costs. They said in a new report: “The Bank of England should loosen monetary pol ...

Core Viewpoint - The San Francisco Federal Reserve President Mary Daly stated that monetary policy is currently "in a good place" and emphasized the central bank's assessment of the impact of artificial intelligence on the economy [1] Group 1 - The Federal Reserve is actively evaluating the effects of artificial intelligence on economic conditions [1]

Fed President Says White House Attack on Fed Research Is Really About Interest Rates - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# Fed President Says White House Attack on Fed Research Is Really About Interest RatesBy [Nicole Goodkind]Sha ...

Economic Indicators - The Bureau of Economic Analysis (BEA) will publish the Personal Consumption Expenditure (PCE) Price Index on February 20, which is closely monitored by the Federal Reserve and could influence monetary policy for 2026 [1] - The PCE Price Index is preferred by the Fed over the Consumer Price Index (CPI) because it provides a broader measure of inflation and quickly reflects changes in consumer behavior [2] Inflation Trends - Recent CPI data showed consumer prices rose 2.4% annually in January, slightly below the expected 2.5%, with core CPI (excluding food and energy) at 2.5%, the lowest since April 2021 [3] - If the upcoming PCE Price Index confirms a moderation in inflation, it would align with the CPI report, indicating inflation is moving closer to the Fed's target [4] Monetary Policy Implications - A confirmation of moderating inflation would give the Fed room to implement additional interest rate cuts, with the futures market currently pricing in two to three quarter-percentage point cuts in 2026 [5] - Lower interest rates or the expectation of them could positively impact the stock market by reducing borrowing costs for companies and consumers, potentially boosting spending [6]

Something really topical. I saw this yesterday. Kevin Hassett on CNBC offered some criticism of a New York Fed study on tariffs.Do you have thoughts you want to share about that. Sure. You know, I mentioned all 12 reserve banks have independent research departments that are always studying the economy.And sometimes people put out results that point one way and another Reserve Bank will put out results that point the other way. This is how we're trying to get better and learn about the economy by having this ...

Market Overview - European stocks are expected to open in mixed territory with the U.K.'s FTSE index projected to rise by 0.15%, while Germany's DAX is expected to decline by 0.25%, France's CAC 40 by 0.15%, and Italy's FTSE MIB slightly below the flatline [1] - Global market sentiment is being influenced by U.S. stock futures trading near the flatline after a positive session, driven by gains in technology stocks and strength in financials and energy sectors [3] Earnings Reports - A busy day of earnings is anticipated with companies such as Nestle, Rio Tinto, and Zurich Insurance reporting their results [2] - Airbus expects to deliver 870 commercial aircraft in 2026, which is slightly below the analysts' expectation of approximately 880 [2] Oil Market - Oil prices increased by over 4% following comments from U.S. Vice President JD Vance regarding Iran's nuclear talks, indicating potential military action if diplomatic efforts fail [4] Regional Market Activity - In Asia-Pacific markets, stocks traded higher as several exchanges returned from the Lunar New Year holiday [4]

By Michael S. Derby Feb 18 (Reuters) - An effort launched by the Trump administration to improve home borrowing costs is not coming to much so far, meeting minutes from ‌the Federal Reserve’s January 27-28 meeting, released on Wednesday, said. The minutes, describing a briefing ‌by the New York Fed official responsible for implementing monetary policy, noted that plans by the administration to buy mortgage bonds ​had caused “a notable decline in mortgage-backed securities yields relative to those on comp ...