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Incoming Fed Chair Kevin Warsh has long pushed to scale back forward guidance and sideline the dot plot. According to multiple reports, that communications overhaul could begin as soon as this week's FOMC meeting.
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The Fed meets June 16–17 in Kevin Warsh's first FOMC as chair — and with May CPI at a three-year high and oil prices sliding on a US-Iran deal, the real question isn't just rates. It's whether Warsh rewrites how the Fed talks to markets.
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U.S. May CPI rose 4.2% YoY — the highest in roughly three years — with a 0.5% monthly gain and core inflation at 2.9%. Published before the U.S.-Iran deal, this data is the key constraint heading into this week's Fed meeting.
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After the US and Iran announced a deal, the dollar fell against major currencies while Bitcoin jumped over 2% and risk-sensitive currencies rallied. Here's the market logic — and why the Fed meeting this week is the real variable to watch.
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After the U.S. and Iran announced a deal to reopen the Strait of Hormuz, crude oil plunged roughly 4%. Markets aren't just reading this as an energy story — they're pricing it as an inflation reprieve.
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The U.S. and Iran announced a deal to end hostilities and reopen the Strait of Hormuz over the weekend, sending S&P 500 futures up ~1% and Brent crude down ~4% on Monday. Here's what the agreement says and what to watch next.
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SpaceX priced its IPO at $135 per share, implying a ~$1.77 trillion valuation, and begins trading on Nasdaq under ticker SPCX on June 12. The $75 billion raise is more than triple the previous U.S. record set by Alibaba.
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U.S. stocks rallied sharply Thursday, with the Dow jumping nearly 930 points back above 50,000. Two catalysts drove the move: Trump called off Iran strikes, sending oil lower, and investors piled into tech ahead of SpaceX's landmark IPO.
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Casey's General Stores (CASY) crushed Q4 expectations on every line — EPS of $4.37 vs. the $3.31 consensus, revenue of ~$4.6B vs. ~$4.2B expected — sending shares up nearly 20% on a day the S&P 500 barely moved.
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Cracker Barrel (CBRL) posted an unexpected profit and beat on revenue, sending shares up as much as 30% intraday on Wednesday — a stark contrast to the tech selloff happening the same day. The company also raised its full-year EBITDA guidance by as much as 47%.
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Robinhood (HOOD) climbed ~3.1% on Wednesday even as the broader market sagged, powered by Goldman Sachs hiking its price target and news that the firm's brokerage arm has been approved to act as an IPO underwriter.
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Semiconductor stocks slid again Wednesday, marking their fourth down day in five sessions. The SOX dropped ~3.6%, tech is now ~11% off its recent highs, and hotter-than-expected CPI data is keeping rate fears alive.