Fed's BARKIN said he sees pricing power among firms, but their ability to pass higher prices through to consumers is limited.

2026-08-07

Fed's BARKIN said he sees pricing power among firms, but their ability to pass higher prices through to consumers is limited.

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2026-08-07

Aug 7 — Shanghai and Shenzhen exchanges posted combined turnover of 2.66442 trillion yuan, up 135.64 billion yuan versus the previous trading day. Shanghai turnover was 1.20954 trillion yuan (prev. 1.16682 trillion), volume 565 million lots (prev. 589 million). Shenzhen turnover was 1.45488 trillion yuan (prev. 1.36196 trillion), volume 720 million lots (prev. 716 million). Zhongji Xuchuang led single-stock turnover at 54.67 billion yuan, followed by Zhaoyi Innovation 30.52 billion, Changxin Tec

2026-08-07

Trump said Fed rate decisions are not solely determined by Fed chair Kevin Warsh and that Warsh “has a very politicized committee” and that policy is decided by the committee. Asked whether Warsh should avoid a rate hike before the midterms, Trump said “it depends on him to some extent, but not entirely,” and added “I think he’s great. I won’t criticize him.”