Monetary Policy & Inflation - The Federal Reserve Chair (JPOW) is credited with reducing inflation from over 9% to 2% [1] - The Federal Reserve Chair (JPOW) is recognized for achieving this inflation reduction without triggering a recession [1] Leadership & Historical Context - The Federal Reserve Chair (JPOW) is positioned as a potentially legendary figure in the history of the Federal Reserve System [1]

Fiscal Policy & Legislation - Senate passed the Trump mega bill, heading to the House with potential votes as soon as tomorrow, aiming for the president's desk by July 4th [2] - Last-minute changes to the bill include the potential removal of the excise tax on solar and wind [3] - The combination of the deficit impact from the budget bill and tariffs appears to be neutral, according to the CBO [15][16] Bond Market & Interest Rates - The 10-year Treasury yield at 427 basis points is viewed positively, suggesting growth without hyperinflation or uncontrolled deficit [12][15] - Goldman Sachs raises its 2025 Fed rate cut forecast to three from one (September, October, and December) due to smaller-than-expected tariff effects [16] - A September 18th Fed rate cut is anticipated, driven by the expectation that inflation will not spike in June and July [20] Currency & International Markets - The weakness in the dollar is a significant trend, powering investor portfolios forward through international stock exposure [6] - International stocks have been outperforming US stocks, with a 126 percentage points gap through Friday, marking the widest gap in 24 years [8] - Even stripping out the effect of the weak US dollar, international stocks are still up 11% year-to-date, driven by earnings growth in regions like South Korea and Europe [9] Company Specific - General Motors (GM) is being re-evaluated due to potential adjustments to trade rules, with the market possibly anticipating higher earnings and a higher multiple [13]

A solid majority of FOMC participants do expect that it will become appropriate later this year to begin to reduce rates again. And so and that will depend, though, as Christine just mentioned, on the incoming data will be monitoring, particularly what does show up in terms of of inflation or what does not show up. And also carefully watching the labor market, you know, there we watch very carefully for signs of of unexpected weakness.We see a gradual cooling, but we don't really see that yet. So those are ...

But chair, would the Fed have cut more by now if it weren't for the tariffs. So I I do think that I think that's right where in effect we went on hold uh when we when we saw the size of the tariffs and where and essentially all all inflation forecasts for the United States went up materially as a consequence of the tariffs. So uh we we didn't overreact. In fact, we didn't react at all.We're we're simply taking some time. As long as the US economy is in a in solid shape, we think the the the prudent thing to ...

The Bank of Korea remains concerned at the tariff impact on economic expansion rather than inflation, Governor Rhee Chang-yong says https://t.co/e4gpV9bZqs ...

That's very high. It's funny you mentioned chairman pal because uh he is joining some of his counterparts in a panel discussion at the ECB central banking forum in Portugal. Not pal chairman.Here is what chairman Powell had to say just a few moments ago. Chair, would the Fed have cut more by now if it weren't for the tariffs. So I I do think that I think that's right.where in effect we went on hold when we when we saw the size of the tariffs and where and essentially all all inflation forecasts for the Unit ...

Federal Reserve Chair Jerome Powell said he expects the impact of tariffs to show up in inflation data in coming months, while acknowledging that uncertainties remain https://t.co/XcRvyX3qK0 ...

Are these higher inflation readings in the room with us?zerohedge (@zerohedge):*POWELL: WE EXPECT TO SEE HIGHER INFLATION READINGS OVER SUMMER ...

Inflation Outlook - The Federal Reserve anticipates that inflation data will increase during the summer [1] - The Federal Reserve chairman stated that inflation performance is in line with expectations [1] Monetary Policy - The Federal Reserve paused action upon observing the scale of tariffs [1] - The Federal Reserve believes waiting and obtaining more information is a prudent approach [1] - As long as the U S economy remains strong, a cautious approach of waiting is advisable [1]

everything wood should be. >> All right, welcome back everybody. We've got a lot of ground to cover with our next guest equity and credit markets, emerging markets, the fed currencies, real estate and why he expects a correction in the S&P 500.Joining us right now is Rob Citroen. He is the founder and portfolio manager at Discovery Capital Management. That's a hedge fund that invests in public and private markets with a particular focus on emerging markets.And by the way, they manage, I'm told, around $3 bi ...