Is it possible that inflation would actually be lower if President Donald Trump took over the Federal Reserve? While some critics believe a potential Trump takeover of the Fed would result in higher inflation and higher interest rates, not everyone is convinced. In fact, the bond market showed a very different sign when Trump targeted Fed Governor Lisa Cook, accusing her of mortgage fraud, and promptly fired her, a decision that is currently being challenged in court. The Department of Justice is investig ...

Federal Reserve Insights - The Federal Reserve is expected to raise interest rates by 25 basis points, but the focus will be on the summary of economic projections, including GDP growth, unemployment, inflation, and PCE [1][2] - Jerome Powell will discuss the current economic outlook and the Summary of Economic Projections (SEP), which will provide critical insights for the market [2][3] - There is speculation about dissenting opinions within the Fed regarding the rate decision, with some members potentially advocating for a larger cut of 50 basis points [3][4] Trade Talks and International Relations - President Trump's visit to the UK is marked by significant ceremonial events, raising questions about potential new trade deals between the US and the UK [5][6] - Major companies like Microsoft, Nvidia, Alphabet, and OpenAI have announced investments in the UK, indicating a focus on international business relations [8] Housing Market Data - Recent mortgage applications show a decrease in the 30-year mortgage rate from 6.49% to 6.39%, leading to a 2.9% increase in purchases and a substantial 24.4% rise in refinances [10][11] - Housing starts and permits are below expectations, with housing starts at 1.307 million, down from over 1.4 million last month, and permits at 1.31 million, also lower than anticipated [12][13]

Federal Reserve Outlook - The Federal Reserve is expected to announce a 25 basis point cut in interest rates, with traders closely monitoring comments from Fed Chair Jerome Powell for indications of future cuts [1][7] - There is a consensus that the Fed will initiate a cutting cycle, with expectations of one cut per meeting moving forward [3][10] - The tone of the Fed's communication is anticipated to be dovish, indicating a shift towards a more neutral stance in response to recent economic data [12][14] Market Reactions - The market has priced in the expected rate cut, and historical patterns suggest that such events often lead to continued upward movement in asset prices [21][22] - Retail investors have been accumulating risk, while institutional investors have been slower to re-risk, potentially leading to a supportive environment for equities [22][23] - The long end of the treasury market may not see significant rallies, as the initiation of the cutting cycle could limit demand for long-duration bonds [19][20]

Federal Reserve Chair Jerome Powell faces intense pressure. - MarketWatch photo illustration/Getty Images, iStockphoto Surprisingly strong August retail sales released Tuesday were throwing investors a curveball a day before the Federal Reserve’s interest-rate decision, triggering a brief climb in Treasury yields and pushing gold GC00 past its prior record above $3,700 an ounce. Yet any signs of political pressure influencing the U.S. central bank’s decision-making process will be the main focus for inve ...

We do have breaking news. Um, just moments ago, the federal appeals court does not allow Donald Trump to remove Lisa Cook from her post. I'll just read from their order.Upon consideration of the emergency motion for stay pending appeal and administrative stay, the opposition's thereto and the reply. The motion for leave to participate as amicus cure filed by the separation of powers clinic and the lodge. Yes. Yes. Yes.This is the order. The motions for leave to participate as uh amicus cure be granted. The ...

Joining us now with the latest on trade talks, uh the future of Tik Tok and more, Treasury Secretary Scott Bessen. Mr. . Secretary, uh it's good to have you on up.Even I can figure out where you are from that backdrop, >> Joe. Good to see you. Good to be here in London.>> And it's good to have you on. So we I I think you got obviously you have an earpiece in. So you heard what was in our headlines.We can Let's just go in order. um and talk about some of the things with uh with Steve Meyer that that we talke ...

We do have breaking news. Um, just moments ago, the federal appeals court does not allow Donald Trump to remove Lisa Cook from her post. I'll just read from their order.Upon consideration of the emergency motion for stay pending appeal and administrative stay, the opposition's thereto and the reply. The motion for leave to participate as amicus cure filed by the separation of powers clinic and the lodge. Yes. Yes. Yes.This is the order. The motions for leave to participate as uh amicus cure be granted. The ...

US stocks mostly nudged higher on Tuesday after the Senate confirmed President Trump's pick, Stephen Miran, as a Federal Reserve board governor, following another record-setting day on Wall Street. The benchmark S&P 500 (^GSPC) edged less than 0.1% higher, and the tech-heavy Nasdaq Composite (^IXIC) rose around 0.2%.The Dow Jones Industrial Average (^DJI) fell more than 0.1%. The Senate narrowly confirmed Stephen Miran, President Trump's Fed pick, in a 48-47 vote on Monday evening — a day before the cen ...

US stock futures climbed on Tuesday after the Senate confirmed President Trump's pick, Stephen Miran, as a Federal Reserve board governor, following another record-setting day on Wall Street. Futures attached to the Dow Jones Industrial Average (YM=F) rose just above the flatline, the benchmark S&P 500 (ES=F) edged higher 0.1%, and the tech-heavy Nasdaq 100 (NQ=F) rose 0.2%. The Senate narrowly confirmed Stephen Miran, President Trump's Fed pick , in a 48-47 vote Monday, a day before the central bank's ...

Core Viewpoint - The Federal Reserve is facing increasing pressure regarding its independence and the composition of its policy-setting committee, particularly with President Trump's push for significant interest rate cuts amid concerns over job growth and rising unemployment [1][4][5]. Group 1: Federal Reserve's Independence and Composition - A federal appeals court is set to rule on whether Fed Governor Lisa Cook can remain in her position while litigation regarding her potential firing by Trump is ongoing, which could impact the Fed's independence in monetary policy [2]. - The U.S. Senate is expected to confirm Stephen Miran to the Fed's Board of Governors, which may align the Fed more closely with the Trump administration's calls for aggressive rate cuts [3]. Group 2: Interest Rate Decisions - Trump has publicly urged the Fed to cut interest rates significantly, suggesting a reduction larger than previously considered, which he believes will boost the housing market [4]. - The Fed is anticipated to lower its benchmark interest rate by 0.25 percentage points to a range of 4.00%-4.25% at the conclusion of its meeting, despite concerns about inflation [4][5]. - Further rate cuts may occur in October and December, but at a slower pace than Trump's demands, as economists view his call for a 1% reduction as misaligned with the need to maintain stable inflation [5]. Group 3: Risks to Monetary Policy - A recent poll indicated that a majority of former Fed policymakers perceive a heightened risk that diminished Fed independence could lead to overly loose monetary policy and increased inflation [7].