HASSETT QUESTIONS POWELL'S STAY AT FED White House National Economic Council Director Kevin Hassett said it is highly unusual that Jerome Powell remains at the Federal Reserve. Hassett said he is concerned about Powell's motives for staying, adding to the administration's criticism of the Fed chair. *Walter Bloomberg (@DeItaone) / Twitter · 07-02 22:38
TRADERS FULLY PRICE IN FED RATE HIKE BY DECEMBER PREVIOUSLY OCTOBER *Walter Bloomberg (@DeItaone) / Twitter · 07-02 21:35
FED'S DALY: AI INVESTMENT SHOCK HAS PEOPLE WONDERING IF IT WILL BE INFLATIONARY *Walter Bloomberg (@DeItaone) / Twitter · 07-02 21:05
GOLD SET FOR WORST QUARTER SINCE 2013 Gold is on track for a 13% quarterly loss, its biggest decline in 13 years. The selloff is driven by expectations of higher U.S. interest rates, with markets pricing in multiple Federal Reserve rate hikes this year. Analysts say a stronger dollar, easing energy prices and higher-for-longer rates are likely to keep pressure on gold. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 20:21
IMF: U.S. GROWTH REMAINS STRONG The IMF says the U.S. economy continues to show solid growth, citing the upward revision of first-quarter GDP to 2.1%. The fund expects inflation to gradually ease to the Federal Reserve's 2% target by 2027 and supports the Fed's decision to keep interest rates unchanged for now. *Walter Bloomberg (@DeItaone) / Twitter · 06-26 00:38
MARKETS STILL EXPECT FED HIKE Inflation expectations have eased to near the Fed's 2% target, helped by falling oil prices. Even so, markets continue to price in at least one Fed rate hike this year, with rates expected to stay elevated into 2027. Citi argues those expectations look increasingly out of sync with the latest economic data. *Walter Bloomberg (@DeItaone) / Twitter · 06-26 00:17
BOFA TURNS MORE BULLISH ON THE DOLLAR Bank of America cut its euro forecasts and now expects a stronger U.S. dollar in the second half of 2026, citing resilient U.S. economic data and a hawkish Federal Reserve. The bank sees EUR/USD ending Q3 at 1.12 and 2026 at 1.15, while warning that further Fed tightening could keep pressure on the euro. *Walter Bloomberg (@DeItaone) / Twitter · 06-25 23:59
*HASSETT SAYS HE RESPECTS FED INDEPENDENCE