CENTCOM Chief Tells Arab States US Will Not Withdraw from Middle East

AI Is Repricing Capital Before It Reprices The Economy Authored by Cory Frank via RealClearMarkets, Earlier this month, the Federal Reserve raised the target range for the federal funds rate by 25 basis points, to 3.75 to 4 percent. Inflation remains elevated even as economic activity continues to expand, productivity is strong and capital investment remains robust. At Jackson Hole a few weeks earlier, Fed Chairman Kevin Warsh highlighted another unusual feature of the economy. Business capital spending is rising rapidly, and he estimated that more than half of its growth this...

5Y Auction Tails Despite Jump In Foreign Demand, Yields Hit Session High After a mediocre 2Y auction to start the week's coupon issuance this morning, moments ago the Treasury sold 5Y notes in another average auction. The sale of $70BN in 5 Year paper stopped at a high yield of 3.955%, down fractionally from 3.980% last month, and tailing the When Issued 3.950% by 0.5bps. This was an improvement from last month's 1.4bps tail, but more concerningly this was the 11th tail in a row for 5Y issues. The bid to cover...

Israeli Defense Chief Lashes Out At Trump Policy For Preventing Destruction Of Hezbollah Israeli Defense Minister Israel Katz in a talk before reporters Monday ripped the Trump administration, blaming the US for giving into Iran's demands that a peace framework incorporate the Lebanon front. Trump "exerted pressure" on Israeli PM Benjamin Netanyahu within several telephone calls "in the run-up to the signing of the memorandum of understanding" - and ultimately prevented Israel from disarming and destroying Hezbollah, he asserted. Katz expressed "regret" at the US linking up Iran and Lebanon, saying: "The...