Stranded

Not Giving The Pentagon $1.5 Trillion Is the 'Greatest Threat' Facing The US, Hegseth Claims Authored by Dave DeCamp via AntiWar.com, Secretary of War Pete Hegseth, during a Congressional hearing on Tuesday, said a failure to appropriate $1.5 trillion for the Pentagon’s Fiscal Year 2027 (FY27) budget constitutes the “greatest threat” to US national security. Hegseth, joined by Chairman of the Joint Chiefs of Staff Dan Caine and Agriculture Secretary Brooke Rollins, appeared before the Senate Appropriations Committee on Tuesday to discuss the Trump administration’s request for an additional $87.6 billion in supplemental spending. Hegseth...

'Mission Impossible' Begins: Watch Live As Kevin Warsh Is Sworn In As 17th Fed Chair Kevin Warsh, who’s promised the biggest shakeup in decades at the US central bank, is set to be sworn into office this morning at 1100ET in a White House ceremony as the 17th chair of the Federal Reserve. Warsh takes over at a tense moment for the economy and the central bank. Inflation has reaccelerated, driven by the impact of war in the Middle East on energy supplies. The Fed, meanwhile, has been battered by President...

Rate-Hike Odds Slide As US Consumer Price Inflation Prints Slowest Since Pre-War July's ongoing decline in oil prices (before the late July/early August rebound) should support lower prices in today's CPI print (with portfolio management impacts expected to be a bigger upside deal for PCE as stocks soared) but expectations were for an uneventful 0.1% MoM rise in the headline print. And the print was perfectly in line, rising 0.,1% MoM and 3.4% YoY (down from +3.5% in June) - the lowest since March... With Goods inflation flat at 0.8% YoY and...