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Can Kevin Warsh toughen policy without upsetting Trump?

Can Kevin Warsh toughen policy without upsetting Trump?

Quick reading Federal Reserve Chairman Kevin Warsh faces pressure to tighten monetary policy amid rising inflation (core PCE in the 91st percentile of trailing-12-month range) while maintaining political independence from President Trump, likely using quantitative balance sheet tightening rather than interest rate increases to avoid headlines. There is a significant disconnect between complacent options markets…

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SpaceX and OpenAI IPOs Could Push AI Trading Into Bubble Territory: Chart of the Day

SpaceX and OpenAI IPOs Could Push AI Trading Into Bubble Territory: Chart of the Day

The mega initial public offerings of SpaceX (SPAX.PVT) and OpenAI (OPAI.PVT) could push AI trading into bubble territory, just as rising yields make investors more demanding about growth that may take years to come. Bank of America’s Michael Hartnett estimated that adding mega IPOs to current AI leaders could boost market concentration from the current…

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