US President Trump says he will announce Fed pick tomorrow morning and he has chosen a very good person to lead the Fed
Trump's announcement about his Fed pick could signal a notable shift in monetary policy direction, depending on who he selects and their alignment with the market's expectations.
US President Trump says have a team headed to Iran
US journalist Rachael Bade posts on X "Trump met 2day with his two finalists for Fed Reserve chair -- and is leaning toward KEVIN WARSH to replace Jerome Powell, I'm told"
US President Trump says he will announce Fed pick tomorrow morning and he has chosen a very good person to lead the Fed
[MARKET UPDATE] Asia-Pac stocks begin mostly positive heading into month-end and after Apple (AAPL) reported a record-breaking quarter, although gains are capped as participants also digest a slew of data and the latest Trump threats
Australia sells AUD 1bln 4.25% March 2036 bonds, b/c 3.34, avg. yield 4.8039%
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Says:
- Pick is someone very well-known to the financial world.
- He will know tonight what happens with the shutdown.
If the nominee is perceived as hawkish or dovish relative to current sentiment, we could see shifts in asset classes, particularly in fixed income and the USD. Market participants will be closely monitoring the implications for rate paths and economic outlook as we approach the decision.
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