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Fed Names Members of Warsh's Five Monetary Policy Task Forces, Including Marc Andreessen
The US Federal Reserve announced on Thursday, 9 July 2026, the leaders of five outside task forces that new Chair Kevin Warsh has formed to review the central bank's policymaking practices. The "Productivity, Jobs, and AI" task force is led by venture capitalist Marc Andreessen, Stanford economist Charles Jones, and Microsoft executive vice president Asha Sharma. Other task forces are led by former Walmart CEO Doug McMillon (economic data quality) and Nobel laureate economist Thomas Sargent along with former White House Council of Economic Advisers chair Greg Mankiw (inflation frameworks); two further task forces cover Fed communications and balance-sheet policy. According to CNBC, the task forces are expected to conclude their work by the end of 2026 and deliver a set of recommendations to the Federal Reserve for improving monetary policymaking.
CNBC · Jul 11, 2026
Fed Chair Kevin Warsh to Give First Congressional Testimony Next Week
According to the US Federal Reserve Board's official calendar, Chair Kevin Warsh is scheduled to testify before the House Financial Services Committee next Tuesday and the Senate Banking Committee next Wednesday, marking his first congressional testimony since becoming Fed Chair. The appearances follow the Fed's semiannual Monetary Policy Report submitted to Congress on July 10, 2026 (19 Tir 1405), and are seen as a key market event for the dollar and gold in the coming week.
Federal Reserve Board · Jul 11, 2026
US 10-year Treasury yield eases to 4.54% on safe-haven demand
The yield on the US 10-year Treasury note eased to around 4.54% on Friday, July 10 (19 Tir), down 0.02 percentage points from the prior session, marking a second consecutive day of declines. According to Trading Economics, lower global oil prices have eased inflation concerns somewhat and reduced pressure for more aggressive Federal Reserve tightening. The move comes alongside reports that the United States and Iran will continue peace negotiations despite the recent escalation in hostilities, a pattern consistent with the typical safe-haven behavior seen in Treasury markets during periods of geopolitical uncertainty.
Trading Economics · Jul 10, 2026
Fed's June Minutes Reveal 9-to-8 Split Over a 2026 Rate Hike as Inflation Outlook Rises
Minutes from the U.S. Federal Reserve's June 16-17, 2026 policy meeting, released Wednesday, July 8, 2026, showed that while officials unanimously held the benchmark rate at 3.50 to 3.75 percent, they were split on the 2026 rate path in the dot plot: eight participants favored no change, one favored a cut, and nine favored at least one hike this year. According to CNBC, Fed officials also raised their 2026 inflation projections from 2.7 percent at the March update to 3.6 percent headline and 3.3 percent core, cited as driven largely by trade tariffs and the escalating Iran conflict.
CNBC · Jul 10, 2026
Dollar Index Holds Near 101 as Fed Rate Path Remains Uncertain
The US Dollar Index (DXY) fell to 100.92 on Thursday, July 9, 2026 (18 Tir), down 0.07 percent from the previous session, though it is up 0.98 percent over the past month and 3.35 percent over the past year. According to Trading Economics, minutes from the Federal Reserve's June meeting showed policymakers remain divided over the future path of interest rates, with only a few officials favoring a rate hike, while markets continue to price in at least one Fed rate increase by the end of 2026.
Trading Economics · Jul 10, 2026