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PRIMER - Today’s Fedspeak includes: Cook

Newsquawk StaffPublished On the live feed at — 3 more headlines followed before this page went public
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US Treasury Secretary Bessent says no reason to believe 301 studies won't be successful; structural inflation has been in services; assuming 301 go through, minimal tariff revenue drop

US President Trump says Iran has informed the US that there are no tolls, no insurance costs, and no other charges of any kind being sought or received by Iran on ships travelling the Strait of Hormuz

PRIMER - Today’s Fedspeak includes: Cook

Hertz (HTZ) guides Q2 adj. corporate EBITDA USD 50-80mln; current unexpected softness in the use car market negatively impacted net DPU per month

JPMorgan increases S&P 500 year end price target to 7,800; says outlook approaching "Blue Sky" scenario

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  • 19:00BST/14:00EDT: Fed Governor Cook (voter) will gives pre-recorded opening remarks on small businesses at the Cleveland Fed State of Small Business Symposium. Given the forum and subject matter, there is a possibility Cook will avoid comments on monetary policy and the economic outlook. Speaking towards the end of May, Cook said the right course of action is to hold rates steady, with risks tilted toward higher inflation that is “clearly moving in the wrong direction.” She said she would be prepared to raise rates if expected disinflation fails to appear in a timely manner, but would cut if the labour market deteriorates. Cook noted even temporary shocks could push up inflation in the medium term, while AI-related job losses could precede job gains; she described the labour market as “largely stable” but with elevated downside risks. Cook said she is closely watching inflation expectations and oil prices, warning it would be problematic if oil moved in the wrong direction.

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