Trump's Tariff Wall Returns With Forced-Labor Duties On 60 Countries

FOMC Minutes Preview: Scrutiny For Hawkish Bias Today's FOMC minutes will be scrutinized for further insight into policymakers' appetite for additional rate hikes and the thinking behind the Committee's hawkish shift at last month's meeting. The minutes are an account of the June 17th meeting and therefore will not reflect subsequent developments, including the softer-than-expected June nonfarm payrolls report or Chair Warsh's appearance at the ECB's Sintra Forum. Nonetheless, as Newsquawk writes in its FOMC Minutes preview, the June meeting, Warsh's first as Fed Chair, marked a significant shift under...

The war in the Middle East continues to escalate, with Iran attacking a US base in Jordan and the US striking several Iranian vessels.  On Tuesday, the Iranian military said it fired 20 missiles at the Al-Azraq base in Jordan. “In response to the US’s aggressive actions against Iranian oil tankers, armed forces, in accordance […]

The announcement that United States and Iranian negotiators have agreed to a Memorandum of Understanding to end the war raises an obvious and pressing question. Why would Tehran sign anything with a Trump administration? The biggest danger is not simply that the United States will renege on its commitments or fail to deliver on economic […]