Axios: US Officials Think Trump Could Order Resumption of Full-Scale Bombing of Iran After Midterms

Israeli media reported on Sunday that an “unprecedented confrontation” is unfolding between Israeli Prime Minister Benjamin Netanyahu and IDF Chief of Staff Eyal Zamir, as the army chief is resisting an order to take unspecified military action related to Iran ahead of Tuesday’s Knesset elections. It’s unclear exactly what Netanyahu has ordered, but the report […]

Headline PCE 'Deflates' In June, First Time Since COVID After three months of significant acceleration in prices, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - was expected to slow in June data released today. And it did - more than expected - Core PCE rose 0.1% MoM (below the 0.2% MoM expected) pulling the YoY rise down from +3.4% to +3.3%... The headline PCE saw 0.1% MoM drop in June - its first 'deflationary'...

Most indicators suggest that the Republicans in the House and Senate are going to face a brutal backlash from the American people in November. Polling with generic ballots suggest a big win for the Democrats and likely the loss of Republican control of both houses of Congress. There is little reason to cheer a Democratic […]