Fed Officials United On Need To Reduce Inflation; Differ on How, When

– Some Ready To Tighten; Others Hoping for More Disinflation Evidence – Alternative Policy Scenarios for Curbing Inflation Being Assessed By Steven K. Beckner (MaceNews) – The week after a hotly debated Federal Open Market Committee decision to hold short-term interest rates steady has brought comments from multiple Federal Reserve officials  suggesting that the Fed’s […]

US ISM Services Sector Expands for 25th Month in July but Effects of Higher Business Activity, New Orders Offset by Slower Hiring amid Tariffs, Iran War, AI Use

–ISM’s Miller: Significant Portion of Higher 2026 Capex Plans Among Services Firms Linked to Rises in Financing Costs, Prices Paid to Suppliers By Max Sato (MaceNews) – U.S. services sector remains resilient despite rising costs, expanding for the 25th straight month in July, but the pace of growth was little changed from June as higher […]

US ISM Manufacturing PMI Expands for 7th Straight Month in July but Lingering Iran War, Global AI Boom Causing Longer Supply Delivery Lead Times, Memory Chip Shortages

–ISM’s Spence: Sentiment Trending Up in Right Direction; Slower Deliveries Could Get Worse but Orders Still Flowing By Max Sato (MaceNews) – U.S. manufacturing activity expanded for the seventh straight month in July to the highest level in more than four years but the Mideast conflict and the global AI boom have made delivery times […]

Japan Week Ahead: Markets Eye Impact of Japan-US Joint Action to Stop Yen from Falling Further as Rising Bond Yields Could Hurt Economic Growth while Inflation Persists 

By Max Sato (MaceNews) – Market participants are watching whether Japan’s currency intervention last week will have any lasting effect on keeping dollar bulls at bay amid concerns that rising long-term bond yields triggered by Tokyo’s large fiscal spending plans will spill over to boost borrowing costs in the United States. Finance Minister Satsuki Katayama […]

3 Fed District Presidents Argue FOMC Needed to Raise Rates Now to Bring Down Inflation

– Modest Tightening Now Would Avoid Having to Move Aggressively Later, Kashjari and Logan Argue By Steven K. Beckner (MaceNews) – The three Federal Reserve bank presidents who voted against the Federal Open Market Committee’s Wednesday decision to leave short-term interest rates unchanged defended their actions Friday. The three dissenters — Cleveland’s Beth Hammack, Minneapolis’s […]

Divided FOMC Holds Rates Steady but Warsh Says That’s Not The End of the Story’

– Warsh Welcomes Rising Bond Yields as Aiding Fed Inflation Fight – Warsh Downplays Dissents; Says Committee United on ‘Delivering’ 2% Inflation By Steven K. Beckner (MaceNews) – The Federal Reserve’s policymaking Federal Open Market Committee left short-term interest rates unchanged Wednesday for the fifth straight meeting, but the Fed’s rate-setting body was sharply divided, […]