Market Trends & Dynamics - Markets are trying to recover after President Trump's comments on potentially firing Fed Chair Jerome Powell, causing market unease [3] - The market is closely watching the drama between Trump and Fed Chair Jerome Powell, with concerns that firing Powell would create a "mess" in both equity and bond markets [27][28] - Fed independence is seen as critical, with major banking names emphasizing its importance [29] - AI demand remains strong, with no signs of a slowdown, benefiting companies like Nvidia and Taiwan Semiconductor [15][16][17] Company Performance & Earnings - Lucid Group's stock surged over 25% after securing a $300 million investment from Uber for a robo-taxi program [7] - Taiwan Semiconductor (TSMC) now projects full-year sales growth of 30% year-over-year, up from a previous estimate in the mid-20% range, indicating strong tech demand [13][14] - PepsiCo reported better-than-feared earnings with a 9-cent earnings beat and a $400 million quarterly sales beat, maintaining its 2025 sales and profits outlooks [12] Monetary Policy & Federal Reserve - The market is pricing in 50/50 odds for a Fed rate cut in September, down from over 70% a few months ago, showing a rapidly changing outlook [34] - The Federal Reserve's independence is considered a "crown jewel" of the federal system, crucial for preserving currency strength and managing inflation and unemployment [51] - The Fed's target inflation rate is 2%, with the most recent numbers showing a 27% increase in the last month [48] Potential Risks & Concerns - Rising Treasury yields, particularly the 10-year yield approaching 46%, could weigh on equities [6] - Tariffs could impact the economy, with the full effects potentially hitting in the fall or even 2026 [33] - A potential third term for President Trump is viewed as less impactful on markets than interference with Fed independence [66][70]

On Tuesday, July 15th, we saw the June CPI data. Headline inflation climbed at 2.7% year-over-year, up from May's 2.4% reading. But X food and energy was lower than expected at plus.2% month overmonth.This mix suggested that the headline number was at least partially driven by elevated oil prices in June. In the wake of the Israel Iran conflict, the market's reaction reflected the general lack of clarity that the data introduced. Initially, the dollar traded lower, presumably believing that the drop in core ...

He's a He's a terrible Fed chief. I was surprised he was appointed. I was surprised, frankly, that uh Biden put him in and extended him, but uh they did.It is my pleasure and my honor to announce my nomination of Jerome Powell to be the next chairman of the Federal Reserve. Congratulations, J. It's as it's as if videotape doesn't exist, you know.It's a It's like blaming Democrats for Jeffrey Epstein, blaming Joe Biden for Jerome Powell, Donald Trump supporters blaming Meritt Garland for bringing the case ag ...

Heard on the Street: Second-quarter market upheaval was all about tariff policies. Third-quarter volatility might be about President Trump and the Fed. https://t.co/n44m7FbRCE ...

Market Concerns - Concerns about US President Donald Trump removing the Federal Reserve chairman will linger over markets [1] - This concern will put pressure on the dollar and Treasuries until it is resolved [1]

Efforts to undermine Fed Chair Jay Powell will produce the opposite of what the White House wants (via @opinion) https://t.co/OXux7fYPHw ...

Trump said he’s not planning to fire Federal Reserve Chair Jerome Powell, and still managed to make it sound like a threat https://t.co/XaQJC25HyW ...

As president, there are few decisions more important than nominating leaders of integrity and good judgment to hold trusted positions in public office. And few of those trusted positions are more important than the chairman of the Federal Reserve. Accordingly, it is my pleasure and my honor to announce my nomination of Jerome Powell to be the next chairman of the Federal Reserve.Congratulations, Jay. Thank you, Mr. . President.I think he does a terrible job. He's costing us a lot of money. He's a terrible F ...

President Donald Trump denied he was planning to fire Federal Reserve Chair Jerome Powell Wednesday, contradicting reports earlier in the day. https://t.co/jpt5keCorJ ...

Bill Pulte, director of the Federal Housing Finance Agency, expressed confidence that a congressional panel will look into allegations surrounding Federal Reserve building renovations https://t.co/jlFOCqnVND ...