#federal-reserve

#federal-reserve

The dollar's stability is bolstered by positive trade developments, including potential tariff agreements between the US and Europe, which ease uncertainty in the market.

Senator Mike Lee posted and deleted a tweet claiming Federal Reserve Chair Jerome Powell resigned, sharing a fake resignation letter that was typo-ridden. The tweet suggested a change in leadership was necessary for public confidence in the Federal Reserve.

June's Consumer Price Index (CPI) rose by 0.3% month-over-month and 2.7% year-over-year-higher than expected-while the Producer Price Index (PPI) unexpectedly stalled at 0.0%. These figures suggest that while price pressures remain on the consumer end, they may be easing on the production side.

The Federal Reserve is countering claims from the White House regarding extravagant renovations with a video that details a major overhaul and modernization of two old buildings.

The Vanguard Financials ETF (VFH) is a top pick for 2025, offering exposure to banks, insurers, and investment firms poised to benefit from the current interest rate environment.

Warren emphasized that the independence of the Federal Reserve is a core strength of the American economy, warning that threats to it could harm voters and markets.

"While periodic work has been done to keep these buildings occupiable, neither building has seen a comprehensive renovation since they were first constructed."

"If anybody thinks it would be a good idea for the Fed to become another agency in the government subject to the president, they're making a huge mistake," GOP North Carolina Sen. Thom Tillis said. He expressed deep concern that firing Powell would undermine the Fed's independence and negatively impact the economy, particularly affecting everyday Americans who rely on stable financial conditions.

Profit-taking pressure at elevated levels, combined with a series of mixed macroeconomic signals, has left the market in a state of hesitation, unable to establish a clear short-term trend.

The producer price index was flat month over month, rather than increasing 0.2% as expected. This shows no change in inflation rates.