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01/07/2026
Bloomberg users expect a reduction of 5.1 million barrels in crude oil inventories.
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3 m ago
Federal Reserve Chairman Powell said on Wednesday that while he still believes that the Fed's massive balance sheet should be reduced, any significant policy adjustments on this issue will take time and will involve full communication. Powell said, "Relevant decisions will be subject to thorough public discussion for the market to fully understand, and will not be implemented until the financial markets fully comprehend the measures." He said, "It took us about 18 years to reach the current situation of this massive balance sheet. Frankly, in my personal view, it already carries fiscal policy implications." He also said that it will take time to determine the direction of future balance sheet policies. Powell stated, "I am open-minded on this issue - we will not make judgments in advance. But I hope that interest rate policy remains the Fed's primary policy tool."
3 m ago
The Brazilian Real fell 1% against the US dollar in the spot exchange rate.
4 m ago
Stellantis (STLA.N): U.S. sales in the first half of the year increased by 5% year-on-year.
6 m ago
Federal Reserve Chairman Jerome Powell has invited former Bank of England Governor Mervyn King to serve as co-chair of the Federal Reserve's new communications working group. Powell has made reforming the way the Federal Reserve communicates one of the core aspects of his leadership and has pledged to reexamine the way officials communicate monetary policy prospects to the public and investors. He has not committed to holding press conferences after every Federal Reserve interest rate decision and has previously encouraged policymakers to reduce the frequency of public speeches. Inviting Mervyn King to serve as co-chair of the communications working group will provide a rare opportunity for outsiders to scrutinize the operations of the Federal Reserve. Mervyn King served as the Governor of the Bank of England from 2003 to 2013 and led the bank through the financial crisis of 2008-2009. He has confirmed through his office that he will serve as co-chair of the communications working group.
10 m ago
Market news: Clayton's National Intelligence Listening Certificate Conference is scheduled to be held on July 15th.
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