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Gregory Daco, chief economist at EY-Parthenon, says he thinks the Federal Reserve won't move on interests rates for the rest of this year. Daco talks about what he wants to see from the new Chairman Kevin Warsh. Daco speaks on "Bloomberg Surveillance."
Were back to reading tea leaves! Hooray! Next week the Federal Reserve will have its second meeting since Kevin Warsh officially took the helm. And, at this point, the outcome is far from certain, which is unusual given that ever since Ben Bernanke instituted forward guidance the market usually knew what to expect. Warsh does not think forward guidance ...
The biggest, brashest World Cup on record drew to a close Sunday, as Spain defeated Argentina 1-0 in extra time to claim international footballs biggest prize. Barcelona forward Ferran Torres scored the only goal of what was ultimately a disappointing final, securing Spains second World Cup title as Argentina were reduced to 10 men after Enzo Fernández ...
From theglobalist.com | 11 hr ago
To anyone who follows European politics, Britains new prime minister is an instantly recognizable political creature. But he is unusual for a British, especially a Labour politician. He has learned to speak passable Spanish and Frankie, his university sweetheart turned wife, is Dutch and speaks fluent French. This stands in stark contrast to Britains ...
F/m Investments Washington, D.C., office is just a short drive from the Federal Reserves headquarters. But under the central banks new leadership, CEO Alexander Morris has found the distance feeling far greater. Fed Chairman Kevin Warsh embarked on an overhaul of the central banks forward-looking communication since taking the post in May. That move ...
Over the past several years, Wall Street and Washington, D.C., have grown used to being able to reliably predict what the Federal Reserve would do at its interest-rate meeting, weeks before the gathering took place. But now we're in a new era. Instead of guiding the market toward the likely outcome of the upcoming meeting, the new Fed chair, Kevin Warsh, ...
From economics.bmo.com | Jul 18, 2026
This is an unusual time for markets, with a reasonable debate for both sides on whether the next move by central banks will be to hike or cut interest rates. Certainly, markets are leaning to at least one hike by the Fed and perhaps half of one by the Bank of Canada by the end of 2026, but theres not much conviction. All it would take to wash away those ...
Markets are pricing in at least one more interest-rate increase from the U.S. Federal Reserve this year following hotter inflation data and a more hawkish tone from policymakers. Consumer prices rose 3.5% in the year through June, less than markets expected and a slowdown from 4.2% in May, which was the highest annual increase in three years. Meanwhile, new ...
From think.ing.com | Jul 17, 2026
The World Cup is over. Well, it is for England anyway. And if, like me, youre still coming to terms with yet another World Cup disappointment, the BBC had some advice this week: Focus on the wins! Not helpful if youre German or Dutch (there just werent very many sorry guys!). And perhaps best not to mention theres always next time to the Italians ...
Current account recorded 25 billion surplus in May 2026, up from 17 billion in previous month Current account surplus amounted to 272 billion (1.7% of euro area GDP) in the 12 months to May 2026, down from 318 billion (2.0%) one year earlier In financial account, euro area residents' net acquisitions of non-euro area portfolio investment securities ...
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