Euro area industrial output falls in May, missing on estimates

Mortgage moved higher today, and while the jump was no larger than the one seen on Monday, both were ‘above average’ and both took rates in the wrong direction. In addition, the steady weakness throughout the month of July finally resulted in yesterday’s rates match the highest level in nearly a year.  In other words,…

As part of the lead-up to the midterm elections, the White House may propose new tax breaks that benefit Americans selling their primary residence. During a conversation on Fox Business, National Economic Council Director Kevin Hassett and host Larry Kudlow, who led the council during Trump’s first term, said the White House may propose new…

New York Fed President John Williams had tried to temper expectations the previous day, saying he saw no immediate urgency to tighten further after the September meeting, but Kashkari’s remarks suggested he was not yet prepared to relent.  AI spending and the longer rate horizon Kashkari also flagged a less-discussed variable shaping where rates ultimately settle:…

Samsung, SK Hynix Test Chinese Chip Tools to Navigate US Export Controls South Korean Chipmakers Evaluate Chinese Equipment Amid US Restrictions Background: Testing AMEC Equipment Aug 5 (Reuters) – Samsung Electronics and SK Hynix are evaluating chipmaking equipment from China’s Advanced Micro-Fabrication Equipment (AMEC) for possible use at their Chinese factories, three people familiar with…

New Federal Reserve Chairman Kevin Warsh did not tip his hand Friday about whether an interest rate hike is on the horizon but did voice concerns about a continued trend of higher inflation. “I stand here today committed to a discipline, not to a decision,” Warsh said in prepared remarks at the central bank’s annual…

Oil fell Wednesday, amid hopes of a diplomatic solution to the conflict in the Middle East after Iran and the U.S. had talks.