Warsh leaves markets guessing as Fed framework overhaul raises more questions than answers
The jump in September hike probability from 30% to above 50% after the decision reflects the dot plot shift rather than any clarity from Warsh himself, which is precisely the problem for rates markets. Without a framework explaining how the committee reasons about inflation and growth, every data print becomes a binary event and volatility […]
China rolls out third trade-in fund tranche as weak retail data keeps stimulus pressure on
The timing of the third tranche announcement, following weak retail sales data earlier this week (May retail sales falling 0.6%, the first decline since the pandemic), signals Beijing is prepared to sustain the trade-in program as a demand floor rather than wind it down as initially suggested. The 820 billion yuan in driven sales is […]
Apple warns memory chip crunch makes price rises unavoidable, Cook tells WSJ
A price increase on the iPhone, the world’s best-selling consumer electronics device, will draw immediate Washington scrutiny even though memory and storage carry a limited weighting in the CPI basket. Morgan Stanley’s estimate of a 15% price bump across smartphones and PCs this year adds a sticky, goods-driven inflation impulse that complicates the Fed’s already […]
Apple warns memory chip crunch makes price rises unavoidable, Cook tells WSJ
A price increase on the iPhone, the world’s best-selling consumer electronics device, will draw immediate Washington scrutiny even though memory and storage carry a limited weighting in the CPI basket. Morgan Stanley’s estimate of a 15% price bump across smartphones and PCs this year adds a sticky, goods-driven inflation impulse that complicates the Fed’s already […]
Japan’s Kihara flags weak yen household burden but offers no fresh intervention signal
The remarks follow the standard Japanese official playbook and are unlikely to move the yen in isolation. The notable addition was Kihara’s explicit acknowledgement that a weak yen, while supportive of corporate profits, increases the burden on households, a framing that edges slightly toward the dovish side of the intervention debate by validating the domestic […]
Japan’s Kihara flags weak yen household burden but offers no fresh intervention signal
The remarks follow the standard Japanese official playbook and are unlikely to move the yen in isolation. The notable addition was Kihara’s explicit acknowledgement that a weak yen, while supportive of corporate profits, increases the burden on households, a framing that edges slightly toward the dovish side of the intervention debate by validating the domestic […]
PBOC sets USD/ CNY reference rate for today at 6.8130 (vs. estimate at 6.7752)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on the process. Injects 248bn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%. This article was written by Eamonn Sheridan at investinglive.com.
CME Group’s Terry Duffy to Step Down as CEO, Lynne Fitzpatrick Named Successor
CME Group has announced a major leadership transition, with long-serving Chairman and CEO Terry Duffy set to move into an Executive Chairman role in March 2027, handing the reins to current President and CFO Lynne Fitzpatrick. Chicago-based CME Group, the world’s leading derivatives marketplace, confirmed on June 17 that Duffy will transition to Executive Chairman […]
CME Group’s Terry Duffy to Step Down as CEO, Lynne Fitzpatrick Named Successor
CME Group has announced a major leadership transition, with long-serving Chairman and CEO Terry Duffy set to move into an Executive Chairman role in March 2027, handing the reins to current President and CFO Lynne Fitzpatrick. Chicago-based CME Group, the world’s leading derivatives marketplace, confirmed on June 17 that Duffy will transition to Executive Chairman […]
OptionMetrics Launches IvyDB Canada 5.0 Amid Options Market Growth
OptionMetrics announced on Wednesday that it has released IvyDB Canada 5.0, an updated version of its historical Canadian options database. The company said the move will offeri institutional investors, hedge funds and quantitative researchers greater flexibility in pricing methodologies, more accurate implied volatilities and a smoother volatility surface for backtesting and risk assessment. The database […]
