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S&P Oil FX Gold 10Y BTC CLZ6
Oil Eases After Trump Drops Hormuz Transit Fee
CPI Report | BLS
CPI 0.4% m/m
US June NFIB small business optimism index 97.4 vs 95.7 expected Fed Chair Warsh said policymakers remain fully committed to restoring price stability and have no tolerance for persistently elevated inflation, according to prepared remarks released ahead of his Semiannual Monetary Policy Report to Congress. Warsh added, "If we get policy right - and we will - the inflation surge of the last five years will be a thing of the past". The Fed Chair also said the US economy continues to expand at a solid pace, demonstrating resilience despite recent developments. Household consumption is growing at a moderate rate, while manufacturing output has risen steadily this year. He highlighted business investment as the economy's most notable strength, driven largely by the construction of data centers and robust demand for AI-related equipment and software. On the labor market, Warsh noted that job creation has kept pace with labor force growth, the unemployment rate remains low while nominal wages continue to post solid growth.
US hammers Iran with deadly strikes as battle for Hormuz ramps up | AlJz
Trump Moves To Do An End Run Around The Congressional War Powers | Wauck
Debt Rattle
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