The Fed Is Losing Its Biggest Dove

President Trump insisted on Tuesday that the negotiations between the US and Iran have continued despite Iranian media reporting that Iranian officials have cut off the talks, which were being mediated by Pakistan. “Fake News Reports that the Islamic Republic of Iran, and the USA, stopped speaking a few days ago are false and erroneous,” […]

Futures Jump After Overnight Rollercoaster Session As Oil Unexpectedly Tumbles, Yen Soars Futures erase an overnight slide, and have resumed their ascent trading near all time highs, despite a hawkish Fed statement but stronger Mag7 earnings. The hawkish Fed followed by a less hawkish press conference, plus the news that Powell is staying on seemingly removing a cut, actually have bond yields lower pre-mkt by 2-4bp as the Dollar weakens on what appears to be BOJ intervention which has sent the USDJPY plunging most since 2022. As of 8:00am ET,...

IMF Warns Australia Set For One Of Highest Inflation Rates In Developed World Authored by Rex Widerstrom via The Epoch Times (emphasis ours), The International Monetary Fund (IMF) says Australia is on track to have one of the highest inflation rates in the developed world. Australian dollars coins in Melbourne, Australia, on April 4, 2024. AAP Image/Joel Carrett In the latest edition of its World Economic Outlook, the global lender said economies around the world “face repercussions [from] the direct impact of higher commodity prices, indirect second-order effects on inflation expectations—which tend to...