🇺🇸🏆 The U.S. national debt has reached a record level of $39.5 trillion. #macro

🗣 Fed Chair Kevin Warsh reinforced his inflation-first stance as rising oil prices and the AI boom threaten to keep rate cuts on hold. #macro

🇺🇸📝 USA - ADP Employment (week) = +16.5 thousand (expected - / previous +19.8 thousand) #macro

🇺🇸🕵️‍♂️ #IRGC Treasury Secretary Scott Bessent stated that the U.S. government recently froze a crypto wallet linked to the IRGC, amounting to about $130 million. He also noted that their currency has collapsed and is in free fall, with an inflation rate estimated to be upwards of 180%. #macro

🇺🇸📝 USA - Chicago Fed National Activity Index (June) = -0.2 (expected +0.14 / prior -0.1) #macro

🇺🇸📝 USA - Initial Jobless Claims = 187K (exp 211K / prev 208K)

USA - Continuing Jobless Claims = 1.796M (exp 1.809M / prev 1.805M) #macro

🇺🇸📝 USA - Chicago Fed National Activity Index (June) = -0.2 (expected +0.14 / prior -0.1) #macro

🇺🇸📝 USA - New Home Sales (June) = +1.6% m/m (expected +4.8% / previously -7.3%) #macro

🇺🇸📝 USA - New Home Sales (June) = +1.6% m/m (expected +4.8% / previously -7.3%) #macro

🇺🇸📝 USA - New Home Sales (June) = +1.6% m/m (expected +4.8% / previously -7.3%) #macro

🇺🇸📝 USA - Durable Goods Orders (June) = +0.3% m/m (exp +1.6% / prior -4.5%) #macro

🗣 Federal Reserve is not projected to cut interest rates at this week's FOMC meeting. #macro

🗣 President Trump says interest rates should be lowered. #macro

👀 Markets are now pricing a 38% chance of a Fed rate hike this week. #macro

🇺🇸📝 USA - ADP Employment (week) = +15k (expected - / previous +16.5k) #macro

🇺🇸📊 USA - trade balance (June prelim) = -$101.5 billion
(expected -$100.3 billion / previously -$105.89 billion) #macro

🇺🇸📝 USA - CB Consumer Confidence (July) = 90.8 (exp 92.4 / prev 91.2) #macro

🇺🇸🔮 Bank of America expects the Fed to leave interest rates unchanged at the FOMC meeting tomorrow. #macro

🇺🇸📝 #macro #FOMC Federal Reserve Rate: 3.75% (exp: 3.75% / prev: 3.75%)

🗣 Fed Holds Rates at 3.50%–3.75% as Three Officials Favor a 25-Basis-Point Hike

The Federal Reserve voted 9–3 to keep the federal funds rate target range at 3.50%–3.75%. The FOMC noted that economic activity is expanding solidly, although inflation remains above its 2% target. Beth Hammack, Neel Kashkari, and Lorie Logan dissented, advocating for a 25-basis-point increase. #macro