Latest market news
Independent UK financial coverage with full source attribution.
Supreme Court 5-4 blocks Trump's removal of Fed Governor Lisa Cook
The US Supreme Court ruled 5-4 on 29 June 2026 that President Trump lacked authority to remove Federal Reserve Governor Lisa Cook without cause, preserving her board position while her legal challenge proceeds.
Supreme Court blocks Trump from firing Fed Governor Cook
The US Supreme Court ruled 5-4 that Trump cannot immediately remove Federal Reserve Governor Lisa Cook, leaving a lower-court injunction in place while her lawsuit proceeds.
Ex-NY Fed President Dudley publicly criticised Warsh's FOMC statement reform plans
Former New York Fed President Bill Dudley publicly warned on 25 June 2026 that proposed FOMC statement reforms under Chairman Kevin Warsh risked confusing markets and the Fed itself; US Treasuries and the US dollar were identified in the brief as instruments sensitive to FOMC communication shifts.
ECB May 2026 survey: short-term inflation expectations fell to 3.5%
The ECB's May 2026 Consumer Expectations Survey recorded short-term inflation expectations declining to 3.5% from 4.0%, with medium-term expectations in the 2.4–2.9% range; separately, Bloomberg Markets reported market pricing for ECB rate increases in 2026 had fallen to below a 25 basis point hike.
Warsh holds rates at first Fed meeting; traders lift October hike bets
Kevin Warsh kept interest rates unchanged at the June 2026 Federal Reserve meeting, his first as chair. Following the decision, traders increased bets on a rate increase at the October 2026 meeting, per Bloomberg Markets.
Bank of England holds rate at 3.75% in 7-2 MPC vote
The Bank of England kept its benchmark rate at 3.75% on 18 June 2026 following a 7-2 vote; GBPUSD, the 10-year UK Gilt, and the FTSE100 were named in coverage as instruments connected to the decision.
PBOC introduced refined monetary policy rate regime on 18 June 2026
The People's Bank of China introduced a refined monetary policy rate regime on 18 June 2026, with Chinese government bonds, onshore CNY, and offshore CNH named in Bloomberg Markets coverage as the principal instruments connected to the change.
Fed holds rates at 3.5%-3.75%; dot plot signals 2026 hike
The FOMC voted unanimously to hold rates at 3.5%-3.75% at Chair Kevin Warsh's first meeting, while the updated dot plot's median rose to 3.8% for year-end 2026.