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The Marked Chart Wire · Economy and the Fed
Crypto
Federal Reserve official Hammack argued that high price swings in digital assets reduce their reliability for holding wealth compared to the US dollar.
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Fed
Federal Reserve Governor Eric Barkin stated that current monetary policy is approximately neutral. He identified inflation as the primary risk for the Fed and noted that a gradual approach to policy changes makes sense.
Bank of England
The central bank increased borrowing costs by 25 basis points, citing stubborn price growth and geopolitical tensions. Officials remain split on future moves, with traders assigning roughly 50 percent odds to another hike in December.
Dollar
Federal Reserve Governor Hammack stated that the US dollar's status as a reserve currency depends on maintaining central bank independence and ensuring deep, liquid markets for investors.
Fed
Federal Reserve Governor Hammack stated that policy must become more restrictive to curb inflation. He noted that price pressures are widespread and favors making smaller, more frequent rate changes.
Economic Data
Preliminary US productivity rose 3.6 percent, beating the 2.7 percent forecast. Unit labor costs fell 0.7 percent while initial jobless claims came in at 189,000.
Economy
Initial jobless claims fell to 189,000, beating the forecast of 196,000 and the previous reading of 194,000.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.