The post United States: New methodology trims Core PCE inflation – Wells Fargo appeared on BitcoinEthereumNews.com.
Wells Fargo economists Tom Porcelli and Sarah House discuss upcoming BEA changes to the Personal Consumption Expenditures (PCE) Price Index that will affect data from 2021 onward. They estimate the new methodology will lower current core PCE by about 0.2 percentage points, bringing May’s rate near 3.2% versus 3.4% published, but still roughly 1 percentage point above the Federal Reserve’s (Fed) 2% target. Method tweaks modestly lower core PCE “We want to flag a few methodology changes that are being made to the Fed’s preferred measure of inflation, the PCE price index. The changes will be rolled out in the BEA’s annual update on September 30 and will impact data from 2021 onward.” “We expect the changes will shave only about 0.2 percentage points off the current y/y run-rate of core PCE. So the impact on actual inflation looks to be modest, but the changes are welcome jus
The post A16z’s Marc Andreessen joins Fed task force on AI and jobs appeared on BitcoinEthereumNews.com.
The Federal Reserve has named Andreessen Horowitz co-founder Marc Andreessen to help lead a task force studying artificial intelligence, productivity and employment. Summary Marc Andreessen will co-lead a Federal Reserve task force examining AI, productivity and American employment. Stanford economist Charles Jones and Microsoft executive Asha Sharma will serve alongside Andreessen on the panel. The review comes as Fed officials debate whether AI will ease inflation or raise costs. The Federal Reserve announced the appointment on July 9. The panel forms part of Fed Chair Kevin Warsh’s broader review of how the central bank makes monetary policy decisions. Andreessen will serve on the Productivity and Jobs task force with Stanford University economist Charles I. Jones and Microsoft executive Asha Sharma. NEWS: Fed Chair Kevin Warsh appoints a16z founder Marc Andreessen to co-lead the
The post Trump Won’t Sign Bipartisan Housing Bill In Protest Of Voter ID Law Stalemate appeared on BitcoinEthereumNews.com.
Topline President Donald Trump said he won’t sign a bipartisan housing bill passed by Congress last month in protest of the Senate’s inability to pass new voter ID requirements—but unless he vetos the bill, it will automatically become law at midnight, even without his signature. Donald Trump, President of United States, speaks at the press conference during the 2026 NATO Ankara Summit in Ankara, Turkey, on July 8th, 2026. (Photo by Beata Zawrzel/NurPhoto via Getty Images) NurPhoto via Getty Images Key Facts Trump said in a Truth Social post on Friday he will not sign the housing bill “IN PROTEST over the fact that the United States Senate is not capable of passing THE SAVE AMERICA ACT.” It’s unclear if Trump will veto the legislation, however, which is the only way to block it from taking effect at midnight. Trump previously cancelled a June 24 signing ceremony f
The Fed's rate hold stabilizes risk assets, but upcoming policy decisions and digital asset regulations could drive future market volatility.
The post Federal Reserve holds rates steady at 3.5-3.75% as Chair Warsh heads to Congress appeared first on Crypto Briefing.
The post Is the Market Underpricing Inflation? Vanguard Thinks So appeared on BitcoinEthereumNews.com.
Vanguard Asset Management is buying insurance against stickier US inflation after an oil-market gauge, the crack spread, reached a 2022 high. The firm’s active funds team opened a long position in short-dated inflation-protected Treasuries. It is betting that markets underprice the risk that price pressures linger longer than expected. An Oil-Market Signal Bond Investors Rarely Watch The crack spread measures the difference between the prices of refined fuels and the crude oil used to make them. It is a typical metric for oil traders. For bond investors, it barely registers. However, the crack spread has widened to its highest level since 2022. Crude has slumped since the fragile US-Iran ceasefire. Gasoline has fallen, but has not matched the drop. At the same time, jet fuel, diesel, and fuel oil are also behaving differently in relation to oil prices. It is worth noting that elevate
The post Federal Reserve Taps A16z Co-Founder for Monetary Policy Task Force appeared on BitcoinEthereumNews.com.
The US Federal Reserve named Andreessen Horowitz (a16z) co-founder Marc Andreessen to help lead a task force studying how artificial intelligence and other new technologies could affect productivity and jobs. Andreessen will serve on the Fed’s Productivity and Jobs task force alongside Charles I. Jones, a Stanford University economics professor currently on leave at Anthropic, and Asha Sharma, Microsoft’s executive vice president and Xbox CEO. The new task force will assess how general-purpose technologies such as AI will affect employment and productivity to better inform the central bank’s policymaking, the Fed said in a Thursday press release. The group is one of five task forces launched under new Fed Chair Kevin Warsh, each responsible for examining important areas of monetary policy conduct. The other task forces will focus on the Fed’s policy communication, balance s
The post Mexico: Softer CPI backs dovish Banxico case – Societe Generale appeared on BitcoinEthereumNews.com.
Societe Generale analysts Dev Ashish and Brendan McKenna note that Mexico’s June inflation data surprised to the downside, with headline and core measures moving close to Banxico’s target range. They argue that weak economic activity is weighing on services and core goods prices, reinforcing disinflation. The softer inflation profile strengthens the case for a more dovish Banxico stance, though the policy rate is still expected to stay at 6.50% near term. Disinflation bolsters easing expectations “June inflation surprised decisively to the downside, with headline CPI falling to 3.37% yoy and core inflation to 4.03% yoy. More importantly, the second bi-weekly reading showed headline at 3.18% yoy and core at 3.94% yoy, bringing both measures close to or within Banxico’s target range and providing the strongest evidence yet that underlying inflation pressures are easing.” “Service
