Trump used a rare visit to the Federal Reserve yesterday to renew pressure on Chairman Jerome Powell. The pair stood side by side in matching hard hats as Trump lamented about the cost of the Fed's ongoing building renovations. Powell then fact checked the president in real time in front of reporters.>> So, we're taking a look and uh it looks like it's about 3.1% billion. It went up a little bit or a lot. Uh so the 2.7% is now 3.1%.>> I'm not aware of that. Yeah, it just came out. >> Yeah, I haven't heard t ...

We're looking at the construction and uh we're with the chairman as you know. Chairman, come on over. And we're just taking a look at what's happening.You know, it's a it's a tough construction job. They're building basements where they didn't exist or expanding them and a lot of very expensive work. There's no question about it.And uh Tim has been with me for a long time. And you're in charge of the committee. >> Indeed.One of the reasons why we wanted to see it was the overruns of the expenses. wanted to ...

Spot the Fed.https://t.co/TqqI0Wx7CTBalaji (@balajis):THE FED IS FEELSWhen I say the Fed sets rates on feels, I mean it in the most literal sense. See the quote[1] below, where they admit setting rates based on what they "felt like" in the morning!That piece[1] gives a behind-the-scenes look into how Fed officials "reached their https://t.co/6jQdr5aELZ ...

Summary of Key Points from the Conference Call Industry Overview - The conference call primarily discusses the **Emerging Markets (EM)** and **Global Fixed Income** strategies, with a focus on the **USD** and its impact on EM local markets. Core Insights and Arguments 1. **USD Rebound and EM Markets** - The USD experienced a modest rebound in July, influenced by resilient macro data and policy uncertainty, leading to a neutral positioning in DXY [1][9][12] - EM local markets are expected to regain stability as the medium-term trend of duration and FX gains reasserts itself [1][9] 2. **Investor Positioning and Market Dynamics** - Resilient US data has pressured EM local markets, creating favorable entry points for adding EM exposure [9] - DXY positioning is neutral, with elevated US policy uncertainty suggesting medium-term risks tilted towards USD downside [9][25] 3. **Performance During UST Bear Flattening** - Historical performance during UST bear flattening shows diverse returns for EM local markets, ranging from -8% to +10% [9][50] - Weak commodity prices during bear flattening periods typically lead to lower returns for EM local markets [9][50] 4. **Inflation and Economic Outlook** - The US economy is anticipated to slow following a tariff-induced inflation bump, which could extend the period of economic weakness and deepen the easing cycle in 2026 [25] - Policy uncertainty in the US remains high, with potential impacts on monetary policy and USD strength [25] 5. **Regional Insights** - **Panama**: Despite strong performance, fundamental progress is lacking, leading to potential negative catalysts ahead [10][68] - **Brazil (BRL)**: Expected to perform well due to a hawkish tone from the central bank, with a window for a rally likely open until August [73] - **Chile (CLP)**: Strong fundamentals but potential volatility due to upcoming elections; the currency is expected to be sensitive to voter surveys [73] 6. **Credit Strategy and Recommendations** - EM sovereign credit strategies suggest a preference for high-yielding bonds, with a focus on countries like Guatemala, Dominican Republic, and Costa Rica for potential upgrades [59][60] - Recommendations include selling Panama bonds and maintaining a cautious stance on Colombia due to unattractive valuations [73] Other Important Insights - The **2025 Extel Global Fixed Income Poll** is open for participation, emphasizing the importance of investor feedback on the research provided [3][9] - The analysis of GBI-EM index performance during UST bear flattening indicates that negative returns are often driven by FX components, while positive returns are supported by both FX and duration & carry [28][50] - The relationship between EM local performance and commodity prices is stronger during periods of negative returns, suggesting a need for careful monitoring of commodity market dynamics [40][41] This summary encapsulates the key points discussed in the conference call, providing insights into the current state and future outlook of the EM and Global Fixed Income markets.

💥REMINDER:NEXT WEEK, THE FED WILL DECIDE WHETHER TO CUT, HIKE, OR KEEP RATES UNCHANGED.EXPECT VOLATILITY! https://t.co/7qLVlVovcR ...

🇺🇸 FOMC: Next week, the Fed will decide whether to cut, hike, or keep rates unchanged.What’s your prediction? https://t.co/CFocZUSod8 ...

There’s little reason for the ECB to lower rates further unless the economy suffers a major blow, Martins Kazaks says https://t.co/qPWlCQpd3B ...

💥BREAKING:TRUMP SAYS TO POWELL BESIDE HIM, “I’D LOVE FOR HIM TO LOWER INTEREST RATES.” https://t.co/KYmP8AtIMj ...

We're taking a look and uh it looks like it's about 3.1% billion. It went up a little bit or a lot. Uh so the 2.7% is now 3.1%.An extraordinary scene unfolded at the construction site of the Federal Reserve when President Trump made a lastminute visit to join White House officials in touring the construction site. and he used it as an opportunity to put additional public pressure on Fed chair Jerome Powell to lower interest rates and potentially even push for his removal. There was an awkward exchange that ...

We're going to lower interest rates. You would save $1,000,000,000,000 a year and there's nothing you can do to save that kind of money. So so hope.Well, we we had a little talk about it, and I thought it was a very productive talk. He'll be able to tell you at his next meeting. But I will say that he did say the country is doing really well.What. Look. I would love to see it completed.I don't want to put that in this category. It's a very complex thing that could have been made simpler. I built a great hot ...