Rates for new 30-year loans inched lower again, bouncing around their highest level since June. Rates moved lower for many other loan types as well. https://t.co/4EJ1oHSrlt ...

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the **US economy**, highlighting trends in inflation, consumer spending, and labor market conditions. Core Insights and Arguments 1. **Inflation Trends**: Core CPI increased by 0.23% month-over-month (MoM) and core PCE is implied to rise by 0.26% MoM, marking the fourth consecutive month of slower inflation [1][6][10]. 2. **Consumer Spending**: There is a noticeable slowdown in consumer spending compared to last year, with retail sales showing a solid advance in June after weaker readings earlier [1][28]. 3. **Labor Market**: The labor market is loosening, with stable continuing jobless claims but an expected rise in the unemployment rate due to declining participation [1][22][25]. 4. **Federal Reserve Policy**: The Federal Reserve is on track to resume rate cuts in September, with potential dissent from up to two governors at the upcoming meeting [1][19][39]. 5. **Tariff Effects**: The pass-through of tariffs to consumer prices has been minimal so far, but there are indications that it could increase in the coming months [1][10][14]. 6. **Core Goods Prices**: Core goods prices have shown subdued growth, with a significant decline in used car prices contributing to this trend [1][6][11]. 7. **Housing Market**: The housing sector is experiencing weakness, with declining prices and a drop in single-family housing permits and starts, indicating that supply exceeds demand [1][32][34]. 8. **Durable Goods Orders**: A significant drop in durable goods orders is expected after a large increase in May, primarily due to normalizing aircraft orders [1][58][61]. Additional Important Content 1. **Inflation Expectations**: Inflation expectations remain anchored, with the University of Michigan's 5-10 year expectation decreasing from 4.4% to 3.6% [1][19]. 2. **Consumer Sentiment**: There has been a modest improvement in consumer sentiment, with the University of Michigan sentiment index rising to 61.8 in July [1][45]. 3. **Economic Growth Forecast**: The report anticipates a 2.3% increase in Q2 real GDP, indicating continued economic expansion despite a slowdown [1][65]. 4. **Employment Trends**: Initial jobless claims remain low, suggesting limited layoffs, but there is an expectation for an increase in claims in the coming weeks [1][57][58]. 5. **Manufacturing Sector**: The manufacturing sector is showing signs of stagnation, with the ISM Manufacturing index remaining in contraction [1][41][47]. This summary encapsulates the key points from the conference call, providing insights into the current state of the US economy, inflation trends, consumer behavior, and labor market dynamics.

The theory is that a new Fed chair would be more likely to fall in line with Trump’s lobbying for lower interest rates, and that would push down short-term yields https://t.co/6IKlZYo6tD ...

Demand for dollar assets already helps the Federal Reserve keep down interest rates. If optimistic forecasts about stablecoin demand turn out to be correct, it could reduce them further https://t.co/u9SA9J0X17 ...

specifically and this is also the most common or most natural thing people are are thinking about here is it will improve forecasting and I think this is sort of where everybody's interested how are interest rates going how does the economy develop going forward how is inflation going forward so here we're going to see a lot already happening in terms of AI and I think here there's also a lot to learn going forward is it likely to make forecasting more accurate do you think I think definitely so I think one ...

>> THIS IS "BALANCE OF POWER" LIVE FROM WASHINGTON DC. KAILEY: FROM BLOOMBERG'S WASHINGTON DC STUDIOS TO OUR TV AND RADIO AUDIENCES WORLDWIDE, WELCOME TO "BALANCE OF POWER. " TYLER: THE PRESIDENT TODAY INTENSIFYING HIS CALL FOR THE CENTRAL BANK TO CUT INTEREST RATES AMID MOUNTING CRITICISM OF THE FED'S RECENT RENOVATIONS. WHAT COULD HAPPEN NEXT WHEN THE DEPUTY TREASURY SECRETARY JOINS US NEXT. KAILEY: PLUS WE WILL TALK ABOUT THE CRYPTO BILL CELEBRATION AT THE WHITE HOUSE. PRES. TRUMP: THE ENTIRE CRYPTO COMM ...

Hello and welcome to Market Domination. I'm Josh Lipton live from our NYC headquarters. There's just an hour to go until the closing bell and stocks are coming off session lows here following those fresh records on Thursday.The Dow slipping nearly 200 points while the S&P 500 and the Nasdaq trimming gains to hover near those records. slide coming as President Trump is reportedly pushing for a higher blanket tariff on imports from the EU. The Financial Times reporting that Trump wants a minimum of a 15 to 20 ...

I'm very worried about the independence of the Fed. And I'm going to say something that I know many people are going to say, "What. Uh, this sounds crazy, but I actually think given the pressures and and they're not over. that Trump is going to launch in again uh that are on pow that the long-term independence of the Fed very way may very well be enhanced if he steps down.Um and I know that that sounds shocking but let me tell you my reasoning. Um, if the economy goes south, let's say in the second half of ...

LINE ANNOUNCER: THIS IS "BLOOMBERG BUSINESSWEEK DAILY." WITH INSIGHT ON THE PEOPLE, COMPANIES, AND TRENDS SHAPING TODAY'S COMPLEX ECONOMY, PLUS BUSINESS AND FINANCE AND TECH NEWS AS IT HAPPENS. "BLOOMBERG BUSINESSWEEK DAILY" WITH CAROL MASSAR AND TIM STENOVEC LIVE ON BLOOMBERG RADIO, TELEVISION, YOUTUBE, AND BLOOMBERG ORIGINALS. TIM: GOOD AFTERNOON.LIVE ON BLOOMBERG TV, RADIO, YOUTUBE, AND BLOOMBERG ORIGINALS. I AM TIM STENOVEC. THAT IS SONALI BASAK IN FOR CAROL MASSAR.IT IS GOOD TO HAVE YOU HERE. WELCOME. ...

You know what it's like being inside the Fed. You understand the independence of the Fed. But what have you made of this scenario as somebody that's now left the Fed behind and works principally as a private markets investor.Yeah, look, I think the most direct relationship between Fed policy and technology investing and venture capital investing is the path of interest rates. And in particular, what that means is, you know, interest rates have such a huge impact on valuations and returns in the private mark ...