Bank of England Chief Economist Huw Pill said structural shifts may be keeping UK inflation high, as the OECD warned Britain faces the fastest price growth in the G-7 https://t.co/AnAMYjFvy4 ...

Group 1 - Arthur Hayes emphasizes Bitcoin as the "fastest horse" in the context of the US's economic strategy to counteract geopolitical competition from a rising Eurasian bloc led by China, Russia, India, and Iran [1][2] - The US Treasury Secretary's plan for reindustrialization is expected to generate trillions in new credit, which could lead to inflation and significantly increase Bitcoin's value beyond its current price of $115,000 [1][3] - Hayes projects over $15 trillion in combined credit growth from the Federal Reserve and commercial banks by 2028, similar to the scale of Covid-era stimulus, but focused on manufacturing and heavy industry [3] Group 2 - Bitcoin's recent price surge past $124,000 is attributed to strong inflows from spot exchange-traded funds and the addition of cryptocurrencies to corporate treasuries, alongside a weakening US dollar [4] - While other cryptocurrencies like Ethereum and Solana have also reached all-time highs, Bitcoin is positioned as a unique asset due to its role as digital gold and a hedge against monetary debasement [4][5] - Hayes has previously set ambitious price targets for Bitcoin, including a prediction of $250,000 by 2025, and suggests that the future price will be significantly higher than the current level [5][6]

Today's inflation trends are either something to worry about or no big deal, depending on which Federal Reserve officials you ask. https://t.co/LGvSm7GRsD ...

Monetary Policy Stance - The analysis suggests the appropriate Fed funds rate is in the mid 2% area, almost two percentage points lower than current policy [1] - Monetary policy is considered well into restrictive territory [3] - Short term interest rates are roughly two percentage points too tight [3] Risks and Mandates - Leading policy restrictive by such a large degree brings significant risks for the Fed's employment mandate [2] - The Federal Reserve has the goal of promoting price stability [1] - The commitment is to bring inflation sustainably back to 2% [2] Economic Outlook - Overly tight policy risks unnecessary layoffs and higher unemployment [3]

Cleveland Fed President Beth Hammack urges caution on rate cuts, staying focused on inflation https://t.co/SOT8iJxRDl ...

Federal Reserve Bank of St. Louis President Alberto Musalem said he supported last week’s interest-rate reduction as a way to take out insurance against a weakening labor market, but sees limited room for more cuts amid elevated inflation https://t.co/vBI47BTmFp ...

The furniture industry facing global headwinds, yet consumers are remaining resilient. Yes, but Roland is the CEO of Inter Group, the largest IKEA franchisee operating most of the branch stores. Yes, but joins us now for more.Yes, but welcome to New York. It's good to see you. Wonderful to be here.How are things going. Because we heard from Restoration Hardware and the RH CEO was on the earnings call dropping F-bombs. And I imagine a lot of people are having similar issues at the moment, trying to sell furn ...

Market Sentiment and Earnings - Investor sentiment is currently high, leading to potential profit-taking and normalization of positions in response to any unsettling news [1] - The upcoming Q3 earnings reporting season is expected to be a significant factor influencing market direction [2][4] - The market's recent highs are attributed to expectations of rate cuts, but the sustainability of this trend hinges on strong earnings performance [2][3] Earnings Pressure - There is considerable pressure on earnings to exceed growth expectations, particularly given current market valuations [4][5] - The current earnings pressure is noted to be at levels not seen since the tech bubble and the post-pandemic recovery [5] Company Focus: Equifax - Equifax is highlighted as a potential investment opportunity due to its earnings inflection story, driven by lower interest rates impacting mortgage rates [6] - Analyst expectations for Equifax's earnings are projected to be significantly above consensus for fiscal years 2026 and 2027, supported by lower mortgage rates [6] - The company is expected to improve its return on equity (ROE) through enhanced margins and operational efficiency [7] Mortgage Rates and Housing Market - Despite recent increases in mortgage rates, the long-term outlook remains positive due to a housing market that is underbuilt in the United States [8] - The current mortgage rates are approaching the 6% range, which may stimulate demand for both refinancing and new home purchases [8]

ECB officials are anxiously awaiting the next edition of their economic forecasts — due in December — that will help them decide whether interest rates are low enough to sustainably deliver inflation of 2% https://t.co/CblHP9MtvV ...

The ECB can tolerate inflation just below 2% and should take time to weigh carefully whether more action is needed, Governing Council member Martins Kazaks said on Sunday https://t.co/xTU8suGTUQ ...