They Trichet'ed. Question is how hard will they Trichet. Raising rates into an rising oil crisis is so dumb so I assume Warsh is going to be even dumber but will see.
BREAKING: The Federal Reserve has raised interest rates by 25 basis points to 3.75-4.00%, the first hike since 2023, on a unanimous 12-0 vote, saying inflation "remains elevated" and that uncertainty is elevated "owing, in part, to geopolitical developments." US diesel is at a record $6.23 and the diesel crack at an all-time high.
The dot plot shows one more hike this year, with the 2026 median raised to 4.1% from 3.8% in June, and rates held above 4% through 2027, up from 3.6%. The Fed lifted its 2026 inflation projection to 3.7% and cut its unemployment forecast to 4.1%. The ECB raised for the second time this year last Thursday. The Fed is now hiking into an oil shock it did not cause and cannot end.
Hate and racism have no place in Manitoba.
Today at Nagar Kirtan, we saw what is far stronger: faith, community and people gathered in celebration.
That spirit is stronger than any hateful and racists graffiti.
To Manitoba’s Sikh and Punjabi communities, thank you for everything you contribute to our province. Congratulations to everyone who came together to celebrate Nagar Kirtan.
We are stronger together.
We are #OneManitoba.
BREAKING: Iran is preparing to withdraw from the Nuclear Non-Proliferation Treaty — holding 440kg of 60% enriched uranium, enough for 10 warheads — as MPs formally submit the proposal to parliament today in response to Trump's economic war, per Iranian MPs.
"You cannot attack a nation's sovereignty, assassinate its leaders, bomb its infrastructure, and then expect it to remain bound by treaties you have already violated," MP Ravanbakhsh said. "There is no reason for Iran to remain in the NPT."
A second MP, Akhlaqi-Amiri, formally requested Iran's NPT exit and defense doctrine revision, citing the US "savage attack on Iran," the killing of the Supreme Leader and commanders/citizens, and repeated US violations of commitments.
"The best response to Trump's escalation of the economic war is to withdraw from the NPT," said Ebrahim Rezaei, a member of the National Security and Foreign Policy Commission.
Iran holds approximately 440kg of uranium enriched to 60%, enough for roughly 10 warheads. Withdrawal from the NPT would remove international oversight and signal a fundamental shift in Tehran's nuclear posture.
Doom 3 gets a serious graphics upgrade with DUDE. Vulkan 1.4, ray tracing, HDR, PBR, FSR2 and modern GPU features push id Tech 4 into new territory. Here’s what the source port actually changes. #Doom#RetroGaming https://t.co/mHJLPIHtjk
Interesting to note that would put the total USD value at 1 trillion to try to stabilize the Yen, which is about 1/1000 of the FX market size. 1/1000 is not a typo that is the minimum size of the FX market.
🚨 BREAKING
🇯🇵🇺🇸 JAPAN IS REPORTEDLY PREPARING A $620B U.S. STOCK AND ETF SELL-OFF TO SUPPORT THE YEN
A MOVE OF THIS SIZE COULD PUT HEAVY PRESSURE ON U.S. EQUITIES AND GLOBAL RISK ASSETS
MARKETS COULD FACE SERIOUS VOLATILITY IF THE SELL-OFF HAPPENS
THIS IS EXTREMELY BAD FOR MARKETS... 👀
There has never been a failed bond sale for US gov bonds, there is a minimum demand of 800 trillion in us gov bonds that is ever increasing. Simply way more demand than supply.
Explain it to me like I’m 5 years old. Why is no one in our government interested in fixing this?
Is it not that big of a deal and I should just stop worrying about it?
I love when the regular talking heads talk about currency saying x y z will happen and because they know F all about how this shit works the exact opposite happens. Talking about the Loonie.
The Canadian boycott of US alcohol sales will go down in history as one of the most effective consumer driven protests against a foreign nation's trade policy ever.
🚨#BREAKING: Marco Rubio reveals Antifa is supported by Iran & Cuba through a transnational network, waging terrorism & propaganda against the West.
I condemn the violence following Premier Houston’s speaking event in the Annapolis Valley.
In Canada, we have the right to protest peacefully. There is no excuse to resort to violence and intimidation.
Thank you to the RCMP and law enforcement who responded quickly to keep everyone safe.