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Federal Reserve's Goolsby: The June CPI data was very good. But we definitely don't want to overreact to a single month's data.

2026-07-15

Federal Reserve's Goolsby: The June CPI data was very good. But we definitely don't want to overreact to a single month's data.

Other News
2026-07-14

Michael Burry, the investor identified as the "Big Short" prototype, released a detailed analysis saying President Trump’s decision on whether the U.S. Treasury will forgive roughly $193bn in nominal obligations of Fannie Mae and Freddie Mac could tr

Michael Burry, the investor identified as the "Big Short" prototype, released a detailed analysis saying President Trump’s decision on whether the U.S. Treasury will forgive roughly $193bn in nominal obligations of Fannie Mae and Freddie Mac could trigger a new U.S. housing crisis. Both government-supported GSEs guarantee the vast majority of U.S. mortgages. Burry says debt forgiveness would likely lift the firms’ shares 3–4x immediately and 6–7x over the long run; without forgiveness he warns shares could drop to single-digit levels. From SEC filings he cites rising credit stress at Fannie: bad-loan charge-offs rose from $61m to $243m YoY, and its largest mortgage partner was forced to repurchase $221.6m of fraudulent loans.
2026-07-14

CNN reported President Trump on Monday described the U.S. restart of strikes on Iran as a "military conflict", denied it marked a new long-term phase and refused to set a timeline for how long the fighting would continue. He said U.S. actions have su

CNN reported President Trump on Monday described the U.S. restart of strikes on Iran as a "military conflict", denied it marked a new long-term phase and refused to set a timeline for how long the fighting would continue. He said U.S. actions have substantially degraded Iranian capabilities but that Iran would continue to resist, and noted the campaign has already exceeded the administration's initial four-to-six-week timetable. Trump offered no exit plan, compared the operation's four-month duration to Vietnam's 19-year war, and said he ultimately expects to negotiate with Iran while acknowledging a near-term deal is unlikely.
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