Kevin who? MoU trumps Fed
Markets bristled at the Federal Reserve’s hawkish tilt – but only briefly.
The U.S. central bank began the Kevin Warsh era by keeping interest rates steady at 3.50%-3.75%, as expected, though messaging signalled a tightening bias, which initially pushed up bond yields, spurring a selloff on Wall Street that even Elon Musk’s SpaceX couldn’t escape….full teport on Reuters Morning Bid
But global equities shrugged off that news on Thursday morning, as the signing of the memorandum of understanding between the U.S. and Iran sent oil prices tumbling to a three-and-a-half-month low… Full report on Reuters Morning Bid
Memo to kevin about “inflation”
Prez T invokes law to increase weapons production after Iran war depleted US stocks
…”On Wednesday, Prez T said that the last two days of the war were “brutal” and that “$200 million worth of bombs” were used.
“It is expensive too, by the way, aside from everything else,” prez T said, ” ../.
Newsquawk Daily US Opening News – 18th June 2026

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Newsquawk US Market Wrap: Stocks hit while yields and dollar rally on hawkish Fed with Warsh at the helm
SNAPSHOT: Equities down, Treasuries down, Crude up, Dollar up, Gold down
REAR VIEW: Fed holds rates as expected; FOMC statement, SEP’s, and Chair Warsh come in hawkish; US Retail Sales beat; Pending Home Sales rise in May; EIA crude stocks draw more than expected; Softer-than-expected UK CPI; Riksbank holds rates
Fed holds rates steady but…
Fed keeps rates on hold as expected at 3.50-3.75%; removes forward guidance compeltely; Statement approved in 12-0 vote; Says “The Committee will deliver price stability”
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