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Bloomberg Markets
President Donald Trump claimed the US had “total control over the Hormuz Strait,” as Washington and Tehran hardened their stances in deadlocked negotiations over the waterway.
“We own it,” Trump told reporters at Joint Base Andrews outside Washington late Tuesday. “And at some point, maybe they’ll do something, and then they get blown away.”
US consumer prices data for July will be in focus as higher oil prices raise concerns that the Federal Reserve will need to hike interest rates. Treasuries
Bloomberg Markets
By surviving on lower prices, producers are complicating Beijing’s struggle with weak inflation.
Bloomberg Markets
Andrew Hollenhorst, chief US economist at Citi, discusses the outlook for today's US inflation report. "If we get a cool reading again this month, and we think that we will, then you have more of a trend toward cooling inflation," Hollenhorst tells Bloomberg Television. "And that's just a very, very different story than what we've been hearing from some Fed officials." (Source: Bloomberg)
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NY Times Business
NY Times Business
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Yahoo Finance
Yahoo Finance