Australia’s quarterly inflation outcome this week was close to the Reserve Bank’s expectations, Deputy Governor Andrew Hauser said https://t.co/1Xa5e3cRb8 ...

Hey everyone and thanks for jumping back into the macroverse. Today we're going to talk about the most recent FOMC and we'll of course talk about the crypto markets as well and some of the longerterm trends there. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and check out the sale on into the cryptoverse premium at into the cryptoverse.com. Powell basically said a lot of the same things he always says today. Uh but just so you know, in case you're curious ...

Monetary Policy - The Federal Reserve maintained its key interest rate [1] - Two Fed governors dissented, advocating for a 0.25 percentage point rate decrease [1] - The President argued against predictions of tariff-induced price increases [1] - The President highlighted a 3% US economic growth last quarter, exceeding expectations [2] - The Fed chair stated the economy is solid despite the trade war, with low unemployment and a strong labor market [3][4] Economic Outlook - Increased imports by some companies ahead of tariffs contributed to economic growth [2] - Higher tariffs are starting to impact the prices of some goods [4] - The overall effects of tariffs on economic activity and inflation are still uncertain [4]

Monetary Policy Stance - The Federal Reserve decided to hold interest rates steady for the fifth consecutive meeting, indicating a pause in rate adjustments [1] - Two Fed governors dissented, favoring interest rate cuts, marking the first time in over 30 years that two governors have dissented at a meeting [1] - The debate centers on whether tariff-related inflation should be treated as a one-off event or a persistent pressure [1] - The Fed is closely monitoring incoming data, including inflation numbers and jobs reports, to make future decisions regarding interest rates [5][6] - The Fed aims to manage inflation efficiently without causing unnecessary damage to the labor market [4] Economic Assessment - The US economy is considered to be in a solid position, with a low unemployment rate and a labor market at or near maximum employment [1] - Elevated uncertainty persists despite the economy's solid position [1] Future Outlook - The Fed has not made any decisions about potential interest rate cuts in September and will evaluate data to determine if the federal funds rate is appropriate [5] - The Fed acknowledges the risk of moving too soon (potentially not fixing inflation) or too late (potentially damaging the labor market) [4]

Market Overview - The Federal Open Market Committee (FOMC) decided to keep interest rates steady at +4.25-4.50% during its five meetings in 2025, acknowledging moderated growth but stable unemployment and labor market conditions [2][4] - Fed Chair Powell indicated that tariffs are beginning to impact inflation metrics, with the latest CPI Inflation Rate rising to +2.7% [5][4] - Market indexes experienced declines following Powell's statements, although the Nasdaq managed a slight gain of +0.15% by the close [1][6] Company Earnings Reports - Microsoft reported fiscal Q4 earnings of $3.65 per share, exceeding expectations by $0.30, with revenues of $76.4 billion, up +18% year over year, driven by a +39% increase in its Azure cloud business [6] - Meta Platforms significantly surpassed earnings projections with $7.14 per share against an anticipated $5.83, and revenues of $47.52 billion, up from $44.84 billion, with a +6% increase in Daily Active People to 3.48 billion [7] - Ford Motor Co. reported Q2 earnings per share of $0.37, exceeding estimates, with revenues over $50 billion, but shares fell due to $800 million in costs attributed to direct tariff exposure [9] - Qualcomm's fiscal Q3 earnings were $2.77 per share, beating expectations by $0.07, but revenues of $10.37 billion slightly missed the forecast, leading to a -4.6% drop in shares [10]

If it's Wednesday, it's the economy. The president touts a better thanex expected GDP report ahead of another major tariff deadline as the Federal Reserve bucks the president's demands to lower interest rates. Plus, NBC News exclusive reporting on Defense Secretary Pete Hag's potential plans to run for office in Tennessee in what would be a major leadership shakeup for the Pentagon and President Trump's cabinet. And former Vice President Kla Harris says she will not run for governor of California, raising s ...

Brazil’s central bank held its key interest rate unchanged, pausing a monetary tightening cycle to observe its effects on above-target inflation just hours after Donald Trump delayed the implementation of punishing tariffs https://t.co/VQGJzWe07C ...

Group 1 - The Federal Reserve is considering a significant interest rate cut from the current range of 4.25%-4.5% to 3%, a reduction of 125-150 basis points, due to inflation nearing targets and stagnation in private sector job growth [3][4] - Nvidia's founder announced the approval for AI chip exports to China, leading to a surge in Nvidia's stock price and a market capitalization exceeding $4.1 trillion, highlighting the interplay between finance and technology [1][3] - The internal division within the Federal Reserve is becoming apparent, with some officials advocating for rate cuts while others express concerns about potential long-term inflation due to tariffs [3][4] Group 2 - Trump's call for a drastic 300 basis point rate cut and the suggestion of firing Fed Chair Powell has led to market volatility, with predictions of Powell's dismissal rising significantly [4][6] - The 30-year U.S. Treasury yield has surpassed 5%, indicating a potential long-term high-interest rate environment, alongside a national debt of $37 trillion [8][11] - Inflation data shows a core CPI increase of 2.9% year-on-year, exceeding the Fed's 2% target, with businesses planning to pass on tariff costs to consumers, raising concerns about stagflation [8][11]

We have made no decisions about September. There's a lot of lean in the markets uh and not to mention uh out of the administration for a rate cut now in September. Uh is that uh expectation unrealistic at this point.So as you know today we decided to leave our policy rate where it's been which where I would characterize as modestly restrictive. Inflation is running a bit above 2% as I mentioned even excluding tariff effects. The labor market's solid, historically low unemployment, financial conditions are a ...

uh bring in Charles Schwab's Kevin Gordon, High Tower Adviserss Stephanie Link and former Federal Reserve Governor Frederick Michigan. Um Stephanie and Fred uh Frederick are both CNBC contributors. And we are going to hear from uh from Steve Leeman who was in the room in just a moment.And Professor Michigan, I'd love your takeaway on on Pal's comments there. I mean, he he seemed to withhold any uh any indication that he's leaning toward a cut in September and in fact at one point said, "Hey, we're already l ...