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Reserve Bank of Australia Governor Lowe speaking in front of a parliamentary committee.
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Bank of England Governor Bailey said post-GFC reforms have strengthened bank resilience but warned risks are shifting to non-banks, private credit and technology, arguing financial stability remains the foundation for sustainable growth.
Trump said he’ll sign a bill to allow year-round E15 gasoline sales without delay. E15 is often restricted in summer by fuel-volatility rules; a recent funding-bill fix fell through.
The dollar fell to a four-year low as Trump brushed off the decline, reinforcing expectations of a weaker currency. Trade threats, shutdown risks and Fed independence concerns added pressure ahead of the Fed meeting.
Dow Industrials shed 0.8%, Nasdaq up 0.9%, SOX jumps 2.4%. Traders eye mixed signals.
I shouldn't have ignored this: "IMF prepares for global run on US dollar"
Consumer confidence hits 2014 lows (-20% YoY), but spending holds up, driven by high earners. K-shaped economy persists.
Bond futures traders bet on dovish Fed shift as Rieder's odds climb; SOFR options show appetite for deep rate cuts.
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