US Launches 6th Consecutive Night Of Strikes On Iran Amid Threats Of "Infrastructure For Infrastructure" War

The Monumental Mistake Of Raising Rates In September Authored by Daniel Lacalle, Three members of the Federal Open Market Committee voted to raise rates in July. However, the Committee held the federal funds target at 3.5%-3.75% by a 9-3 vote. Bank of America, Deutsche Bank, and J.P. Morgan all expect a September hike. Across the Atlantic, the European Central Bank raised rates by 25 basis points in June and is expected to raise them again in September. It would be a monumental mistake. The diagnosis is wrong on both sides of the Atlantic. There...

Trump's "Sock Puppet" By Philip Marey of Rabobank Summary The confirmation hearing of Fed Chair nominee Kevin Warsh by the Senate Banking Committee was a very partisan affair. In his prepared remarks, Warsh stressed that monetary policy independence is essential, but he does not believe that the operational independence of monetary policy is particularly threatened when elected officials state their views on interest rates. Warsh thinks the Fed must stay in its lane and avoid straying into fiscal and social policies. Warsh was walking a tightrope between convincing the Senate Banking Committee that he...

The US military confirmed that a P-8A Poseidon anti-submarine patrol aircraft transited the Taiwan Strait. China says it monitored the Navy’s plane.  “By operating within the Taiwan Strait in accordance with international law, the United States upholds the navigational rights and freedoms of all nations,” a statement from the 7th Fleet said, adding that the […]