Fed

Tokyo headline CPI rose to 1.7% in June, the first reacceleration in eight months, but the yen stayed pinned at multi-decade lows as markets weigh BoJ hike expectations against a Federal Reserve that is no longer cutting

The Fed's preferred price gauge accelerated for the third month running, with AI-driven memory and chip costs now visible in consumer price data

A hawkish Warsh Fed flips the 2025 hedge thesis; metals and crypto sell off together

The Pentagon gets $67bn, including $21bn in munitions replenishment; $11bn goes to US farmers and $1.4bn to the Ebola response in central Africa

Justices signaled they may preserve birthright citizenship and block the firing of Fed Governor Lisa Cook

New chair Kevin Warsh holds at 3.5–3.75% but 9 of 18 officials project at least one hike by year-end as Iran-war energy inflation pushes CPI to 4.2%