Economy & Central Bank News — page 19

UK Prime Minister Keir Starmer is set to present a timetable for his departure, amid escalating calls to resign and a defining day in UK politics

Reports say Kevin Warsh, tapped by Trump to succeed Powell, signaled a broad restructuring of Fed processes and tasked groups to rethink core operations, signaling a quiet shift in policy approach

Charles Schwab plans to collaborate with Cboe to launch a prediction market tied to S&P 500 index moves, according to the Wall Street Journal and corroborated by other outlets

Bank Indonesia raised its benchmark rate by 25 basis points to 5.75% on June 18, its third hike in about a month and 75 basis points of tightening since late May, as it moves to defend the rupiah against Middle East-driven capital outflows and a stronger dollar while keeping inflation on target.

Nevada has led the US in job growth for nine straight months, with its workforce expanding about 1.9% over the past year — the fastest of any state — and accounting for roughly 12% of new US jobs despite holding 1% of the population, as it diversifies beyond casinos into AI infrastructure, even with unemployment above the national rate.

Markets turn next week to US PCE inflation (Friday), with core seen near 3.3% and headline around 4.0%, plus June flash PMIs and CPI from Canada, Australia and Tokyo — the first big data test of new Fed Chair Warsh's hawkish stance as the energy shock fades and the yen hovers near intervention levels.

Canada's May CPI, due Monday, is expected to show headline inflation edging higher on energy costs while the Bank of Canada's core measures hold near the 2% target — a result that would support the central bank's June decision to keep rates at 2.25% ahead of its July 15 meeting.

Binance faces possible rejection of its MiCA license in Greece before the July 1 EU deadline, and unverified reports that the ECB pressured the decision have raised questions over the central bank's role — though legal experts note MiCA allows ECB-regulator contact while leaving licensing to member states.

Japan’s May consumer inflation data were broadly in line with expectations, with the core measure steady while headline inflation rose slightly and the core-core gauge eased.

Alphabet’s Waymo is recalling 3,871 U.S. robotaxis after a software problem was found that could allow some vehicles to enter closed freeway construction zones.

CME Group has sued the U.S. commodities regulator over its handling of perpetual futures, in a case that also touches on how crypto-linked derivatives are classified.

Shares of memory-chip makers rose after reports that Apple acknowledged higher memory costs, reinforcing signs that supply remains tight despite industry efforts to expand output.

Fresh U.S. data showed a firmer Philadelphia manufacturing reading in June and a modest decline in weekly jobless claims, with both reports broadly matching expectations.

The FTSE 100 moved lower after the Bank of England kept rates unchanged at 3.75%, while energy and mining shares came under pressure from softer commodity prices.

Intel shares rose sharply after President Donald Trump said the company would work with Apple on chip production in the United States, adding to a recent recovery in the stock.

The Federal Reserve left interest rates unchanged at its first meeting under Kevin Warsh, but markets moved lower after reports said the new chair signalled a sharper policy stance and ended traditional forward guidance.

A more hawkish Federal Reserve outlook revived talk of another U.S. rate hike, pushing USD/JPY to a two-year high and leaving global stocks and bonds with mixed reactions.

Apple said higher component costs tied to the AI-driven rush for memory chips are leaving it with little room to absorb expenses, making price increases likely.

Kevin Warsh’s first meeting as Fed chair kept interest rates unchanged, but his initial moves and public signals suggest a broader effort to reshape the central bank’s structure and priorities.

The Federal Reserve kept its benchmark rate unchanged, but updated projections and a shorter policy statement signaled a more hawkish outlook.

The Federal Reserve left rates unchanged in its first decision under Chairman Kevin Warsh, while markets looked ahead to his debut press conference for clues on how communication may shift.

JetBlue is set to reduce its presence at Newark Liberty and New York’s LaGuardia while continuing to build out its operations in Fort Lauderdale, according to CNBC.

Markets are watching Kevin Warsh’s first Federal Reserve meeting for signs of a shift in how the central bank communicates, while traders expect policy to stay unchanged.

CME Group said longtime chief Terry Duffy will hand over the CEO role to CFO Lynne Fitzpatrick in 2027 as part of a planned leadership transition.

The Federal Reserve’s latest rate meeting is drawing attention as Kevin Warsh presides over his first policy decision, with investors also watching how he communicates the outcome.

Investors are focusing on Kevin Warsh’s first Federal Reserve meeting as chair, with rates expected to stay unchanged and history suggesting new tightening cycles can weigh on stocks.

Asian equities traded unevenly while U.S. stock futures inched higher, as investors focused on an upcoming Federal Reserve rate decision and a separate U.S.-Iran peace agreement signing.

UK inflation held steady in May, according to the latest data, while London-listed stocks edged lower as investors assessed the implication for the outlook.

The Bank of England is expected to hold at 3.75% on June 18, but a divided MPC — with the chief economist already voting for a hike and softer April inflation muddying the picture — keeps the meeting live, with the May CPI due the day before as a key swing factor.

Reuters reports the US-Iran framework includes a $300 billion investment fund, more than half already committed — but Trump dismissed the claim and VP Vance said no US money is involved, with any financing coming from Gulf states and conditional on Iran's compliance.