Market news
Crypto, stocks, forex and macro, aggregated for traders.
Fed Holds Rates, Streamlines Statement to Three Key Points
The Federal Reserve kept policy unchanged and issued an aggressively shortened statement emphasizing three core messages: rate hold, commitment to ample reserves, and forward guidance shift under Kevin Warsh's influence.
Long-Term Inflationary Cycle Still in Early Stages, Historical Parallel Suggests
Drawing parallels to the inflationary era of the 1960s and 1970s, the post suggests the current secular inflationary cycle may still be in its early phases.
NZ Q1 GDP Misses Expectations at 0.8% QoQ
New Zealand's economy expanded 0.8% quarter-on-quarter in Q1 2026, falling short of the 1.0% consensus estimate. The prior quarter was revised up to 0.5% from 0.2%.
US Confirms Iran MOU Signed Digitally by Vance, Qalibaf
A US official confirmed that a memorandum of understanding between the US and Iran was signed digitally on Sunday by Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf, witnessed by President Donald Trump. Trump and Iranian President Pezeshkian subsequently signed the document on Wednesday.
US and Iran Sign Deal to End Conflict, Reopen Strait of Hormuz
The US and Iran have signed an agreement to end their conflict and reopen the Strait of Hormuz. The deal was finalized via a remote signing by Trump and Iranian leadership, with delegations scheduled to meet in Switzerland on Friday for nuclear talks.
US Commits to Removing Obstacles to Iran's Frozen Funds, 60-Day Period Begins
Iran's Foreign Ministry confirms US commitment to unfreezing funds, with a 60-day period starting today, while blaming Israeli attacks on Lebanon as a breach of commitments.
US Housing Starts Plunge 15.4% in May to Lowest Since May 2020
US housing starts fell 15.4% month-over-month in May to an annualized rate of 1.18 million units, the lowest since May 2020. April's figure was revised down by 73,000 units. Multifamily starts dropped 40.2%, while single-family starts declined 1.9%.
South Korea Q1 GDP Revised Up to 1.8% QoQ, Fastest Since Q3 2020
The Bank of Korea revised Q1 2026 GDP growth to +1.8% QoQ, the largest quarterly expansion since Q3 2020, led by facilities investment and semiconductor exports tied to global AI infrastructure.
Iran: Hormuz Strait Will Not Return to Pre-War Conditions, Service Charges to Be Imposed
Iran's parliamentary speaker Qalibaf stated that the Strait of Hormuz will not revert to its pre-war state and that Iran will levy charges for services provided, while asserting that this does not contravene international law or navigation rules.
Iran Claims Sovereign Rights in Strait of Hormuz, Will Charge Fees
Iranian official Qalibaf stated that actions by adversaries have transformed Iran's potential in the Strait of Hormuz into reality, asserting sovereignty and announcing fees for passage services.
Iran’s Ghalibaf Accepts US Talks Role Despite Soleimani Killing Objections
Iranian politician Mohammad Bagher Ghalibaf said he initially resisted joining US negotiations, citing President Trump’s role in the 2020 killing of Qasem Soleimani, but accepted the role as a national duty.
Iran Speaker Qalibaf Says Even UN-Backed Deal Not Trustworthy
Iranian Parliament Speaker Mohammad Bagher Qalibaf stated that his distrust of the US exceeds anyone else's, adding that even a final agreement backed by a UN Security Council resolution would not be trustworthy, and that Iran's own power remains its only guarantee.
Fed Holds Rates Steady as Warsh Strikes Hawkish Tone at First Press Conference
The Federal Reserve left interest rates unchanged at 3.50%-3.75% and released updated projections, while new Chair Kevin Warsh delivered a hawkish message and promised reforms at his first press conference.
Fed Chair Warsh Drops Forward Guidance, Market Drops on Uncertainty
In his first press conference, Fed Chair Kevin Warsh announced the end of forward guidance and hinted at eliminating the dot plot, leading to increased uncertainty and a market selloff.
US-Iran Interim Deal: Naval Blockade Lifted, $300B Reconstruction Plan
Iran released the full text of an interim agreement with the US, including commitments to lift the naval blockade, resume shipping through the Strait of Hormuz, and pursue a $300 billion economic reconstruction program.
Iran Deal Text: US Commits to Waivers for Oil, Petrochemical Exports
According to the text of the Iran nuclear agreement, the US has committed to issuing waivers for Iranian oil, petrochemical and derivative exports immediately after signing, lasting until sanctions are fully lifted.
Iran Publishes Full Text of Interim US-Iran Agreement
Iran released the full text of an interim agreement with the U.S., outlining commitments on non-interference, nuclear program limits, sanctions relief, and a $300 billion reconstruction plan.
Dow Jones Gives Up Record After Hawkish Fed Shift
The Dow Jones Industrial Average surrendered its third consecutive record on Wednesday after the Federal Reserve turned hawkish, with markets reacting to Kevin Warsh's first decision as Fed chair.
Fed Raises 2026 Rate Forecast to 3.8%, Lifts Inflation Projections
The Federal Reserve's latest dot plot shows policymakers now expect interest rates at 3.8% by end-2026, up from 3.4% in March, while also raising PCE inflation projections.
Fed's Waller Says Central Banking Enters New Chapter, Unswayed by Short-Term Markets
Federal Reserve Governor Christopher Waller stated that the Fed has opened a new chapter for central banking. He acknowledged markets have a lot to digest but reaffirmed that the Fed will not be distracted by short-term reactions and remains committed to price stability.
Fed's Waller: Only One Proposal on Table, Task Forces Make Recommendations Only
Federal Reserve Governor Christopher Waller stated that only one proposal was considered after a few days of internal debate, emphasizing that the Fed is not outsourcing decisions and that task forces will merely provide recommendations.
Fed's Warsh Open to New Techniques, Private Data for Official Statistics
Federal Reserve official Warsh expressed openness to using new analytical techniques and private sector data to reform official statistics, adding that financial markets perform best when reacting to data rather than forward guidance.
Fed Chair Warsh Unveils Shorter Statements, New Task Forces
Fed Chair Warsh announced a shorter policy statement format, said forward guidance is ill-suited to current conditions, and launched five new independent task forces to review the Fed’s economic projections framework. He reaffirmed the 2% inflation target and noted that policy is restrictive for housing but not for financial markets.
Fed’s Waller Jokes Dot-Plot Forecasts Are Made With ‘Pencils That Have Big Erasers’
Federal Reserve Governor Christopher Waller remarked that policymakers submit their interest-rate forecasts (the dot plot) with “pencils that have big erasers,” suggesting officials do not treat the projections as binding and are open to revising the way they communicate the policy outlook.