Joining us now is Evercore chairman emeritus and black rockck co-founder Ralph Schlaststein right here on set. It's great to have you. Welcome.It's great to be here. Let's start right there. Uh because what what an incredible second quarter we had.Uh tariff tantrum. Is it over. Is is the fear about peak tariffs behind us.Well, I I think you can never say it's completely behind us because I don't think we have a absolutely certain path as to where the president and his team are going to take the tariff discu ...

President Trump expecting to see his long-awaited reconciliation bill on his desk by this Friday. Joining us right now is Joe Leavia. He's counselor to Treasury Secretary Scott Bessant.Good morning to you. Morning, Andrew. We are getting closer.We have a what do they call it. A voterama taking place uh today. What do you think has to happen to I mean we've had a couple of different people even on the show this morning who said there's still some other reconciliation issues that really have to take place bef ...

It does seem as if there are some risk positive stories at the margin. Then you can look at the 899 news from the United States as an example of that. And even some of the weakness in the data at the United States has been fed through into the lower rates narrative.So I suppose from that perspective, the the push higher in stocks makes sense. Is that too much complacency, though, in your view. I'm struggling with this market at the moment.Every input would seem bullish at the margin. As you say, yields are ...

June 23, 2025 12:53 AM GMT India Economics – Macro Indicators Chartbook | Asia Pacific Policy Impetus to Bolster Growth Growth indicators exhibit a modest recovery led by domestic demand. Macro stability indicators have improved, increasing flexibility for policy makers. Uncertainty from external conditions continues to weigh on growth, even as India appears better placed on a relative basis. 1) Growth – uneven recovery: High-frequency data in May suggest a mixed trend across indicators, with ones such as G ...

June 23, 2025 06:07 AM GMT Economics, Banks, Macro and Sovereign Credit Strategy | EEMEA CEE Trip Notes | From Politics to Policy | What's Changed | | | | --- | --- | --- | | PKO BP (PKO.WA) | From | To | | Price Target | PLN 80.00 | PLN 91.00 | | Top Pick Added | OTPB.BU | PKO.WA | | OTP Bank (OTPB.BU) | | | | Price Target | HUF 28,700.00 | HUF 32,400.00 | | Top Pick Removed | OTPB.BU | PKO.WA | | Pekao SA (PEO.WA) | | | | Price Target | PLN 176.00 | PLN 209.00 | | | We visited Budapest, Warsaw and Prague ...

China Weekly: May Mixed Growth, Softer Fiscal Condition; June Weaker Home Sales High frequency: weaker home sales in June, softer port activities 30-city property sales declined further to -9% YoY in the first 21 days of June from - 3% YoY in May. That in tier 1 cities slid to -4% YoY, tier 2 cities narrowed decline to - 12% YoY and tier 3 cities declined by -6% YoY. Port cargo throughput and container throughput growth both softened to -1% YoY and 2% YoY in the first 15 days (vs 4% YoY and 7% YoY in May). ...

You look back and you're teaching a history class. What what would you blame that increase in prices on back in that time period. So I'll start with the fact that it was extremely global.So we saw that there were literally was a point at which not a single country in the world had inflation 2% or below. So it was everywhere. So you have to look to common factors.And I would say that the pandemic and the closing of the global economy and then the reopening of it in all cases with some support, that's that's ...

yield back. >> The gentleman's time has expired. The vice chairman of the full committee, Mr.. Huizenga of Michigan, is recognized for five minutes. >> Thank you, chair Hill and Chair Powell. Good to see you again.I got a lot to cover, so we're going to try and keep this concise. But following up a bit on what Chair Hill had been talking about, you know, you had said in January 29th, 2025, quote, we don't know what will happen with tariffs, with immigration, with fiscal policy and with regulatory policy. I ...

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies within it Core Insights - The FOMC left rates unchanged but revised projections for GDP growth and inflation, indicating a more comfortable stance on inflation than previously anticipated [2][3] - The median projected GDP growth was marked down for 2025 and 2026, with a return to trend growth expected in 2027 [3] - Unemployment rates are projected to remain at 4.5% for 2025 and 2026, dipping slightly to 4.4% in 2027 [2][8] - Core PCE inflation is expected to decrease from 3.1% in 2025 to 2.1% in 2027, but neither headline nor core inflation is projected to return to target levels [2][8] Summary by Sections Economic Projections - Change in real GDP is projected at 1.4% for 2025, 1.6% for 2026, and 1.8% for 2027, with long-run growth also at 1.8% [8] - Unemployment rate projections are 4.5% for 2025 and 2026, and 4.4% for 2027, with a long-run projection of 4.2% [8] - PCE inflation is projected at 3.0% for 2025, 2.4% for 2026, and 2.1% for 2027, with a long-run projection of 2.0% [8] - Core PCE inflation is projected at 3.1% for 2025, 2.4% for 2026, and 2.1% for 2027 [8] - Federal funds rate projections are 3.9% for 2025, 3.6% for 2026, and 3.4% for 2027, with a long-run projection of 3.0% [8]

13 June 2025 | 7:27PM BST Global Rates Trader Inflation Offers Relief, Oil Offers Risks Inflation relief for global bond markets was short-lived as geopolitical tensions saw oil prices move sharply higher into the weekend. Even with some improvement in the underlying growth versus inflation trade-off and signs of duration risk appetite finding better footing, the macro impediments to a sharp move lower in US yields remain largely in place. Heading into the June FOMC decision, we continue to think any sustai ...