Putin: Ready to meet Zelenskiy

BOE's Bailey States "I Think Path For Rates Will Continue To Be Downwards BOE's Bailey Says There Is Much More Uncertainty About How Quickly Interest Rates Can Be Reduced Bank of England's Bailey says the main reason for the UK's steeper yield curve is a global trend, not just domestic factors. BoE Gov. Bailey: Should not over-focus on 30-year gilt rates.

BoE's Taylor: I want to see 4-5 rate cuts a year.

BoE’s Greene: I voted to keep bank rate on hold as the risk of inflation persistence is higher, and the risk of weak demand is lower. BoE’s Greene: The BoE decision maker panel shows firms are more sensitive to higher inflation. Bank of England’s Greene Says No Expectation for a Major Shake-Up in the Labor Market Bank of England’s Greene States "Less Worried About Lower Demand Than I Was"

*BOSTIC: SEPTEMBER FED MEETING IS IN PLAY FOR A RATE CUT *BOSTIC: RISKS TO FED'S TWO MANDATES HAVE BECOME MORE BALANCED *FED'S BOSTIC: STILL SEE ONE RATE CUT AS APPROPRIATE FOR 2025 Fed's Bostic: Firms can't absorb higher tariffs much longer. Bostic: Focusing on Fundamentals Amid Great Complexity Understanding a $30 trillion economy, a chore at any time, is especially complicated as we proceed further into 2025. Uncertainty abounds. The full implications of trade policy remain unclear. It's not known how proposed federal deregulation and tax changes will manifest, nor the extent to which those shifts offset one another or tariff-related cost increases. Geopolitical uncertainties remain relevant. Complexity confronts not just policy makers like me. At nearly every stop in my travels across the Southeast, I poll audiences on who feels confident in their business forecast for the next six months. In recent weeks, nary a hand has gone up. For me, the job is calibrating monetary policy, which requires a clear read on the state of the US economy. Amid deep and wide complexity, I find that focusing on fundamentals helps to frame my thinking. So, before I detail my current economic and policy outlook, I will outline questions and tenets that underpin my policymaking process. These first principles, if you will, keep me locked in on the core mission. First, how is the Federal Open Market Committee (FOMC) faring relative to the goals Congress has assigned us—achieving price stability and sustained maximum employment? How do I think the economy will evolve with respect to the two core objectives? Committee participants must digest and analyze layer upon layer of data, anecdotal and survey feedback, research, the products of predictive models, and other material. Ultimately, though, the decision comes down to which is the greater risk: rising inflation or a deteriorating labor market. Of course, it's often not clear cut; the relative risks fall on a spectrum. Therefore, along with 18 other FOMC participants, I must determin

Factory orders in the United States were down by 1.3% in July compared to the previous month, landing at $603.6 billion, a new report by the Census Bureau said on Wednesday. New ...