U.S. Market & Money

Philadelphia Fed President Paulson sees the 3.5%-3.75% rate as mildly restrictive enough to reach the 2% target. Core PCE sits at 3.3%, above her...

Today's broad advance reflects three clear forces:

• Record highs: The S&P 500 closed at 7,737, up 1.79%, its first peak in two months, while the Dow...

Markets enter the week with Middle East tensions and the July jobs report as top drivers for the S&P 500.

• U.S.-Iran diplomacy hopes center on a...

Kevin Warsh has stopped providing forward guidance on future rate decisions, a sharp break from Powell-era practice that is leaving analysts uncertain...

Chair Warsh is overhauling Fed processes with fewer rate meetings and quieter communications.

• He is weighing six rate-setting meetings plus two...

The Federal Reserve directly sets short-term rates, such as the federal funds target range of 3.50%-3.75% as of June 2026.

Long-term rates, like the...

Three forces are pulling the market in different directions this week.

• Tech earnings lifted the S&P 500 0.7% last week as hyperscaler results drove...

Three assets are moving in anticipation of Friday’s jobs report, each highlighting a distinct macro angle.

• Housing: The market is cooling...

The July decision to keep rates at 3.5-3.75% drew sharply different readings.

• Optimistic view: Markets had already tightened conditions via higher...

The Fed's July decision to hold rates at 3.5–3.75%****, despite three votes for a hike, has locked investor attention on Treasury yields as the main...

Options data shows heavy open interest at 7,500, with traders buying dips below and selling rallies above.

• Negative gamma kicks in below 7,450,...

U.S. stocks opened the final July session lower, with the Dow and S&P 500 each down 0.2% and the Nasdaq off 0.1%.

• Leadership shift underway: After...

The Federal Reserve kept the federal funds rate unchanged at 3-1/2 to 3-3/4 percent in a unanimous 12-0 vote.

Key points from the statement:

• Rate...

Fannie Mae and Freddie Mac cut combined Agency MBS holdings by $505 million in the three months ending June, after earlier gains, while their...

Republicans repeatedly pass deficit-widening bills via reconciliation while vowing that real spending cuts will arrive in the next round.

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The Fed kept rates at 3.5-3.75% in a 9-3 vote, but three presidents dissented in favor of a hike.

• Dissenters' view: Inflation remains too high and...

• The Fed kept its benchmark rate at 3.5-3.75% for the fifth straight meeting, but three regional presidents dissented in favor of a hike.
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• 30-year Treasury yield jumped to 5.21% while the 10-year barely moved, steepening the curve by roughly 20 basis points.
• The back end sold off...

Microsoft's strong AI returns contrast with Meta's earnings miss and higher capex, highlighting investor preference for execution over ambition.

• Mag...

Markets are on edge as the Fed weighs a possible rate hike amid sticky inflation and Middle East tensions.

• Yields climb: The 10-year Treasury yield...