Fed's Schmid (2028 Voter) says inflation is proving persistent across a broad selection of goods and services, remains concerning

Newsquawk Staff · 16 Jul 2026, 17:45 UTC

Accountability requires the Fed to talk about how it makes decisions, provides transparency and allows for open criticism.
Focused on inflation in setting monetary policy.
Inflation shocks are not intrinsically transitory, disagrees the Fed should look through certain types of increases.

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US Market Open, 23 Oct, 10:15 UTC · what it led with

US President Trump says the US crushed Iran, and may want to do it a "little more".
Crude benchmarks firmer on ongoing tensions in the Middle East; recent bout of strength comes after the Houthis launched another missile towards Saudi interests.

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Riksbank maintains its rate at 1.75% as expected; assesses that the probability of a rate increase later this year remains; there is considerable uncertainty and developments call for vigilance
EUR/SEK+0.3%
Norges Bank maintains its rate at 4.25% as expected; may still become necessary to raise the policy rate
EUR/NOK+0.6%
Iran and US talks continue, and reports that the deal is close are wrong.
WTI crude+1.5%

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