| MEDIUM | Philly Fed Manufacturing Index |
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USD | F:28.9 | P:47.4 |
Stock market: will s&p 500 open up or down today?
President trump posts "interest rates in the U.S. should be 1%, or less, because we are the best credit in the world - by far. our country is booming with new investment! if we stopped trading with every country that we have a deficit with, which is most of them, we would make, at least, $1.5t a year. the word “deficit” is nothing more than a fancy word for loss. we are “carrying” almost every country in the world, and that cannot go on any longer. lower the interest rates for the U.S. and fast"
Trump officials considering ai executive meeting on the sidelines of xi visit next week' - cnn
Stocks sink, 10-year yield reclaims 5% as warsh delivers his hawkish show
Fed hikes 25 basis points, projects another hike in 2026
White house's kush desai speaking with fox news says fed rate hike is 'rather unfortunate'
Fed chair warsh says today's action starts to show we are serious about this; asked about ai safety, says we care very much about what's happening in ai but decisions about risks and rewards are for other policymakers to make; don't believe we need to do harm to job market to achieve our objective; job we did today and will continue to do is to ensure price stability so durable growth can continue
Major indices are trading lower as fed chairman warsh takes a hawkish tone in his press conference and q&a session after the fomc rate hike, including committing to returning 2% inflation on a timely basis, referencing fomc consensus that financial conditions weren't restrictive, and noting that too many inflation categories were over 3% on three- and six-month timelines.
Fed chair warsh says today we took a step toward delivering price stability; other advanced economies are suffering from price pressures too; economy has indeed strengthened; inflation is the problem; price stability is foundational to growth, today we took a step in delivering it; see 3 reasons bond yields have risen, first is economic strength, second is competition for capital; surge in capex is real, third is geopolitics; hot spots around the world are driving that activity
Fed chair warsh says our judgement about what is most likely or least likely of the geopolitical situation has changed; i was not waiting breathlessly on any one data point; trends matter, data points are noisy; my colleagues and i were hard pressed to describe financial conditions as restrictive; independence is a 2-way street, must stay in our lane; in aggregate we're more or less at full employment; stable prices offer good news to workers to see real take home pay increases
Fed chair warsh says what happened in 7 weeks since we last met, data has shown economy has strengthened; inflation trends were not passing test and seen little to change that; my colleagues are hard pressed to describe financial conditions as restrictive; we decided to remove a dose of accommodation; i've always been interested in a neutral rate academically, but don't see it having an operational effect on decisions today
Fed chair warsh says those less well off have most to gain from that; did not offer own summary of economic projection; decision we made today was a sober decision; am not going to prejudge any future decision we may make; decision today was the right decision, i have nothing for you about a discussion with the president; because of underlying strength of the economy we can afford to focus on price stability
Fed chair warsh says plain fact is inflation is too high and has been for too long; summer data does not tell me inflation situation has improved; too many categories are posting increases above 3% on both 6 and 12 month basis; in july we expressed joint readiness to act; we must be confident underlying inflation must be moving to 2% on timely basis; fomc decided this has not been met; did not submit a dot; fed has a role in sustaining economic progress occurring right now
Fed chair warsh says fomc decided to raise rates by quarter point; inflation remains elevated; decision comes when economy appears to be strengthening; key markers have improved in recent months; this committee will deliver price stability; view that conditions are not restrictive was widely shared by fomc; jobless rate remains low, openings and hours are increasing; labor side of fed remit is in good shape; our predominant focus is inflation
Major indices are trading higher following the fomc decision to increase the target range for the fed funds rate from 3.50%-3.75% to 3.75%-4.00% as fed expectations for another rate hike in 2026 largely reflect investor expectations heading into the event.
Fomc: job gains have kept pace with workforce, unemployment rate has changed little; productivity growth is strong, capital investment is robust; committee will deliver price stability; fed vote in favor of policy was unanimous
Fomc: federal reserve raises key overnight interest rate by 25 basis points to 3.75-4.00% range, says action will support timelier return to 2% inflation goal; economic activity is expanding at a solid pace; fed says inflation remains elevated, drops earlier description of that owing in part to supply shocks; domestic spending has been resilient despite elevated uncertainty
Fomc: fed projections show 12 of 18 officials see one more 25-basis-point rate hike this year; four see two hikes; two see no more hikes; fed policymakers see 4.1% unemployment rate at end of 2026 versus 4.3% in june projections; fed policymakers see end-2026 pce inflation at 3.7% versus 3.6% in june; core seen at 3.4% versus 3.3%; fed policymakers see 2.3% gdp growth in 2026 versus 2.2% in june, see longer-run growth at 2.0% vs 2.0% in june
Fomc: fed officials' median view of fed funds rate at end-2026 4.1% (prev 3.8%); fed officials' median view of fed funds rate at end-2027 4.1% (prev 3.6%); fed officials' median view of fed funds rate at end-2028 3.9% (prev 3.4%); fed officials' median view of fed funds rate at end-2029 3.6%; fed officials' median view of fed funds rate in longer run 3.2% (prev 3.1%)
Federal reserve issues fomc statement for september 15-16, 2026 (link in body)
USA fed interest rate decision 4.00% up from 3.75% prior
Fed funds rate 4.00%
Stocks rise on dovish fed hike hopes—strong retail sales surprise
U.S. open to discuss ai "shared risks" with china, bessent says' - axios
Bitcoin fed meeting preview: could one decision pump btc?
Fed rate hike expected today: here's where benzinga readers think spy closes
Eia weekly distillates stocks 1.585m barrel build vs 0.100m barrel build est.
Hhs plans new research into autism development, treatment' - bloomberg
Nahb housing market index for september 32 vs 34 est.
USA business inventories (mom) for july 0.8% vs 0.6% est.
China considers byd to join xi’s ceo entourage for trump summit' - bloomberg
Us energy secretary chris wright speaking on fox says 18m barrels flowed out of persian gulf yesterday
Us energy secretary speaking on fox says oil and gas producer to announce major investment in venezuela
Stickier inflation' is here, market strategist warns after august cpi — 'one-time event' narrative takes a hit
Fed meeting interest rate decision preview
USA retail sales (mom) for august revises prior from -0.6% to -0.5%
USA core retail sales (mom) for august revises prior from -0.3% to -0.2%
USA import price index (yoy) for august 7% vs 5.9% prior
USA export price index (yoy) for august 8.6% vs 8.1% prio
USA retail sales (yoy) for august 6.00% vs 5.00% prior
USA core retail sales (mom) for august 1.4% vs 0.6% est.
USA retail sales ex gas/autos (mom) for august prior revised from -0.2% to -0.3%
USA import price index (mom) for august revises prior from -0.4% to -0.3%
USA export price index for august revises prior from -1.3% to -1.4%
USA retail sales (mom) for august 1.2% vs 0.8% est.
USA retail sales ex gas/autos (mom) for august 1.2% vs -0.3% prior
USA retail control (mom) for august 1.4% vs 0.4% est.
USA import price index (mom) for august 0.7% vs 0.4% est.
USA export price index (mom) for august 0.6% vs 0.5% est.
Reported earlier, 'us officials met iran-backed houthis in oman over the weekend, sources say' - reuters exclusive