The Buyback Failed and the Rate Debate Inverted on the Same Thursday
A failed buyback meets $40 trillion in debt; X sees open monetization, Fortune sees mechanics, and neither prices the war's bill.
Economy
July Minutes Show Officials Ready to Hike as Jobless Claims Fall
Hike-ready minutes and stable claims set Warsh's stage a week before Jackson Hole; X fights over his leash while the seventies rerun goes unnamed.
Jobless Claims Hold at 206,000 and Feed the Hawk Case
Layoff skeptics on X call the calm numbers fake while the Fed's own minutes treat a stable labor market as permission to keep hiking on the table.
Oil Settles Near Three-Week High on Economic-Warfare Vow
X trades the vow as a supply collapse while the settlement price is really paying for a threat the physical market has already lived through for months.
Warsh Heads to Jackson Hole With No Guidance to Give
Markets are pricing a September hike the chair may refuse to preview, because Warsh abolished the forward guidance every previous keynote fed on.