BREAKING: The Dow falls over -300 points as Fed Chair Powell signals that the Fed is not ready to cut interest rates.

BREAKING: Nancy Pelosi issues a statement saying she supports the Senate’s stock trading ban.

BREAKING: Fed Chair Powell comments on the potential for a 25 basis point rate cut in September: "We have made no decisions about September."

SUMMARY OF FED CHAIR POWELL'S COMMENTS (7/30/25): 1. Current policy stance "leaves us well positioned" 2. Moderation of growth reflects a slowdown in consumer spending 3. Activity in the US housing sector remains weak 4. Inflation in the US remains "somewhat elevated" 5. Tariffs are "pushing up prices" in some goods 6. "Changes to government policy continue to evolve" The Fed pause continues.

For the first time in over 3 decades, 2 Fed members dissented today's Fed decision: There is a growing divide within the Fed.

BREAKING: Copper prices collapse over -11% as President Trump’s tariffs exclude refined metal.

BREAKING: President Trump has signed an executive order implementing an additional 40% tariff on Brazil.

BREAKING: The number of private hires as a % of private employment fell to 3.6% in June, the third-lowest since the 2020 low. This comes as the number of private hires declined by -246,000, to 4.9 million, marking the biggest monthly drop since June 2024. The private hiring rate has now fallen by ~1.5 percentage points over the last 4 years. It is currently below 2001 recession levels and aligns with readings from the 2008 Financial Crisis. It also remains well below the pre-pandemic average of ~4.0%. The US labor market is stalling.

It's officially Fed day: And, the odds of the Fed cutting rates 2 times in 2025 have fallen to 36%, per Kalshi. Meanwhile, the odds of 1 rate cut are up to 25% and the odds of 0 rate cuts are up to 20%. If Powell does not set the stage for a September rate cut today, yields are set to surge. All eyes are on the Fed.

BREAKING: President Trump says the August 1st tariff deadline will not be extended. However, this weekend, the US and China extended their tariff deadline by another 90 days.