
St. Louis Fed's Musalem Says Central Bank Should Have Raised Rates, Warns on Inflation Credibility
In São Paulo and FT interview, Fed official ties Treasury selloff to need for tighter policy, while December rate cut odds dim.

In São Paulo and FT interview, Fed official ties Treasury selloff to need for tighter policy, while December rate cut odds dim.

Despite record profit and $6B trading haul, CEO cautions on hidden borrowing, says current stock and Treasury prices are unattractive.

ADP and BLS data show a dramatic slowdown in job creation, with unemployment rising and recession fears mounting.

New Fed chair Kevin Warsh signals a hawkish pivot on inflation, triggering market volatility, political backlash, and a reset in rate-cut bets.

A municipal borrower insists it can meet offshore obligations, but a delayed bond sale underscores mounting pressure from hidden local government debt.

The University of Michigan's final July sentiment index rose to 55.2, beating forecasts, as cheaper gasoline and easing inflation expectations lifted moods — though analysts warn renewed Middle East turmoil could reverse the gains.

Kevin Warsh faces scrutiny as long-term borrowing costs hit 19-year high, reviving fears of fiscal discipline and inflation.

New Fed chief Kevin Warsh faces bond market revolt and internal Fed divisions over how to tame persistent inflation without sparking a recession.

Consumer spending and AI investment offered support, but trade deficit and global headwinds weighed on the economy.

David Schwimmer says tax 'wrong incentive' as exchange raises guidance; challenger bank Shawbrook confirms IPO amid debate over City’s competitiveness.