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White House National Economic Council Director Hassett said after the PCE release he still has confidence in Federal Reserve Chair Kevin Warsh.
2026-07-30
White House National Economic Council Director Hassett said after the PCE release he still has confidence in Federal Reserve Chair Kevin Warsh.
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2026-07-30
On July 29 DR007 closed at 1.5019%, the highest since June 25; it dipped to 1.4652% at the session open. The PBOC executed net liquidity injections of 870.5 bln yuan today. DR007 is widely used as China’s short-end rate anchor and reflects short-term
On July 29 DR007 closed at 1.5019%, the highest since June 25; it dipped to 1.4652% at the session open. The PBOC executed net liquidity injections of 870.5 bln yuan today. DR007 is widely used as China’s short-end rate anchor and reflects short-term funding tightness; the spread between DR007 and the PBOC 7-day reverse repo rate signals market liquidity pressure—a large premium suggests tightness and may prompt central bank injections, while a narrow or negative spread indicates ample funding and lower short-term funding costs for leveraged trades in equities and bonds.
2026-07-30
Nick Timiraos, the Fed's mouthpiece: The US core PCE rose 0.13% in June, the most modest monthly increase since March 2025 (annualized rate of 1.6%); the 3-month annualized rate was 2.9% (compared to 2.8% in the same period last year); the 6-month an
Nick Timiraos, the Fed's mouthpiece: The US core PCE rose 0.13% in June, the most modest monthly increase since March 2025 (annualized rate of 1.6%); the 3-month annualized rate was 2.9% (compared to 2.8% in the same period last year); the 6-month annualized rate was 3.8% (compared to 3.1% in the same period last year); and the 12-month change was 3.3% (compared to 2.8% in the same period last year).
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