Michael McKee
@mckonomy.bsky.social
International economics and policy for Bloomberg. And some snark Usually 35,000 feet above somewhere ✈️
So how's it going with them peace talks Iran "begged" for....
Without going into all of the deals being made at the MLB trade deadline, it's pretty safe to say that there are a lot of teams who view themselves as contenders at the moment.
i feel like more than 700 homes burning down in spokane should be a bigger news deal
Kevin Warsh - Fear The Bond! "If you're not going to tell us how you're going to do it, we're not going to believe you. And you cannot fool the bond. You cannot do it. The bond will see through it." - Mark Cabana, Head of US Rates Strategy, Bank of America, on @bloombergtv.bsky.social .
More detail on what Warsh is thinking www.bloomberg.com/news/article...
Warsh Raises Rethink on Fed’s Policy Meeting Frequency, Timing
Federal Reserve Chairman Kevin Warsh has raised the possibility of changing the frequency of the US central bank’s regular policy meetings, according to people familiar with the matter.
bloomberg.com
Who's surprised? *TRUMP SAYS HE'LL CANCEL ATTACK ON IRAN SUBJECT TO MAKING DEAL Though I kinda didn't expect it until tomorrow.
In addition to the potential unfolding WUI wildfire disaster in Spokane, WA, numerous other large & fast-moving fires (existing & new) are blowing up under extremely critical fire weather conditions & severe drought conditions from eastern slopes of Cascades eastward into ID/MT.
*TRUMP ORDERS ATTACK ON IRAN FOR AS SOON AS THIS WEEKEND: WSJ *WARSH CONSIDERS REDUCING FREQUENCY OF FED POLICY MEETINGS: NYT *FED'S MUSALEM SAYS EXPRESSED PREFERENCE TO RAISE RATES: FT *US TREASURY INTERVENED IN YEN EXCHANGE RATES ON FRIDAY : FT
New Fed communication model - we dont know why they did what they did, but we know - in some detail - why some officials wanted to do something different to what they did. Useful
Yield curve steepening again. Perhaps the dissenters have made a good case?
*UEFA MEMBERS AGREE TO BOYCOTT WORLD CUP *UEFA: TEAMS WONT PLAY AS LONG AS PROPOSALS REMAIN ALIVE *UEFA: NO NATIONAL TEAMS WILL PARTICIPATE IN FIFA COMPETITIONS *UEFA REJECT FIFA PROPOSAL TO TRANSFER WORLD CUP OWNERSHIP ETTD?
The very stable genius seems to be calling for a substantial Fed rate increase this week. Comments to reporters on AF1: "We should have the lowest interest rate in the world. Like it used to be 30 years ago. We always made the lowest rate." Rates mid-1996:
*TRUMP SAYS US STARTING 301 PROBE INTO EU ACTIONS ON US TECH *TRUMP: WE ANTICIPATE TARIFF ON EU AT EARLIEST POSSIBLE MOMENT
Stocks rise, oil prices fall as Lebron James signs with the Philadelphia 76ers.
We haven't even gotten to rosé season yet!
Ivan the K ™@ivanthek.bsky.social · 2w agoSOME GOOD NEWS: Pumpkin Spice season is just around the corner. 🎃☕
*TRUMP SAYS HE'S CLOSE TO DECISION ON MASSIVE IRAN ATTACK: AXIOS Ayup, yup
June 17 Fed Minutes: "Almost all...indicated that some policy firming would likely be warranted...(if) inflation would remain elevated due to strong AI-related demand, the conflict in the Middle East, or the effects of tariffs." ✅ Demand (Google) ✅Middle East ($100 Brent) ✅Tariffs (Canada)
This is nuts: Jobless claims last week 187,000, lowest since September 1969
The war with Iran, explained: *RUBIO: LOOKS LIKE IRAN NOT READY TO MAKE A DEAL *RUBIO: IRAN BEGGING US EVERY DAY TO MAKE A DEAL
*HYNIX SAYS HAS NO PLANS FOR INTEL OHIO CHIP PLANT ACQUISITION
Scott Lincicome@scottlincicome.bsky.social · 2w agoHuge news (if true): pressured by the Trump admin, Korean memory giant SK Hynix is buying Intel's troubled Ohio megafab site - once the CHIPS Act's crown jewel. www.joongang.co.kr/article/2544...
*US TO IMPOSE 50% TARIFF ON MANY CANADIAN GOODS, INCLUDING USMCA I dunno. Seems inflationary to me.