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      Informed sources have rejected Trump's new claims about a possible deal with Iran - Fars News
      Submitted May 29, 2026      |From @financialjuice|61 comments

      Fars News: Informed sources have rejected Trump's new claims about a possible deal with Iran, describing his remarks as 'a mixture of truth and lies' and an attempt to portray a fake victory. Iran Denies Trump Claims On Nuclear Deal – Fars News pic.twitter.com/azKIhLPINK FARS, CITING SOURCES, SAYS TRUMP'S COMMENTS ARE AN 'ATTEMPT TO PORTRAY A FABRICATED VICTORY' FARS: IRAN HAS STRESSED THAT AFTER THE US BLOCKADE IS LIFTED, IT WILL REOPEN THE STRAIT OF HORMUZ ACCORDING TO ITS OWN PRE-DETERMINED ARRANGEMENTS FARS: IMMEDIATE PAYMENT OF $12 BILLION FROM IRAN'S FROZEN ASSETS IS INCLUDED IN MOU

      Trump: Iran must agree they will never have nuclear weapon. Hormuz Strait must be immediately...
      Submitted May 29, 2026      |From @realDonaldTrump|418 comments

      Iran must agree that they will never have a Nuclear Weapon or Bomb. The Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions. All water mines (bombs), if any, will be terminated (we have removed, through detonation, numerous such mines with our great underwater mine sweepers. Iran will complete the immediate removal and/or detonation of any mines that are left, which will not be many!). Ships caught in the Strait due to our amazing and unprecedented Naval Blockade, which will now be lifted, may start the process of “heading home!” Say HELLO to your wives, husbands, parents, and families from me, your favorite President! The enriched material, sometimes referred to as “Nuclear Dust,” which is buried deep underground with virtually collapsed mountains, caused by our powerful B2 Bomber attack 11 months ago, sitting on top of it, will be unearthed by the United States (which, it is agreed, is the only Country, along with China, with the mechanical capability of doing so!), in close coordination and conjunction with the Islamic Republic of Iran, plus the International Atomic Energy Agency, and DESTROYED. No money will be exchanged, until further notice. Other items, of far less importance, have been agreed to. I will be meeting now, in the Situation Room, to make a final determination. Thank you for your attention to this matter! President DONALD J. TRUMP

      Political Shocks Are Becoming Crypto Market Events
      Submitted May 29, 2026      |From securities.io

      Financial markets are mostly driven by economic considerations: interest rates, economic growth, specific sectors’ dynamics, and individual companies’ successes or failures. But they are also impacted by the wider events in the world: geopolitical ...

      Fed's Paulson says inflation issues are affecting the economy
      Submitted May 29, 2026      |From @FirstSquawk|4 comments

      FED'S PAULSON SAYS INFLATION ISSUES ARE AFFECTING THE ECONOMY. FED'S PAULSON SAYS MONETARY POLICY IS CURRENTLY AT A MILDLY RESTRICTIVE LEVEL. FED'S PAULSON STATES INFLATION REMAINS EXCESSIVE AND WAS HIGH PRIOR TO THE WAR. Fed's Paulson: Consumers are spending but at a slower pace PAULSON SAYS IT'S GOOD FOR MARKETS TO MOVE TOWARD TIGHTER MONETARY POLICY.

      Russia's Massive Oil Price Windfall
      Submitted May 29, 2026      |From robinjbrooks.substack.com

      I have mixed feelings about this war. As my readers know, I support the US blockade of Iran because I think it represents the right evolution in how to deal with dangerous oil exporters. The Western response to Russia after its invasion of Ukraine - ...

      Fed's Bowman: It was good for the Fed to keep easing bias in the April 29th policy statement
      Submitted May 29, 2026      |From @financialjuice|3 comments

      Fed's Bowman: It was good for the Fed to keep easing bias in the April 29th policy statement Fed's Bowman: Reacting to temporary energy shock could weigh down the economy. Fed's Bowman: The Fed's current 'moderately restrictive’ policy aimed at aiding jobs and lowering inflation FED'S BOWMAN STATED SHE MAY CHANGE POLICY VIEW IF WAR-RELATED INFLATION SPREADS. Bowman: A Framework for Practical Monetary Policy Decision Making Good afternoon. I would like to thank Governor Jónsson for the invitation to take part in the Central Bank of Iceland's Reykjavík Economic Conference. It is a pleasure to be here in Reykjavík with you and to share my thoughts on formulating a practical approach to monetary policy decision making. As you know, the Federal Reserve conducts monetary policy to support a strong and stable economy. In doing so, the Federal Open Market Committee (FOMC) pursues the congressionally mandated goals of maximum employment and price stability. The Fed uses a variety of tools to carry out its monetary policy strategy and implementation. Our primary monetary policy tool is the federal funds rate, which is a key interest rate for commercial bank overnight borrowing that influences other interest rates throughout financial markets and the economy. Lower interest rates reduce borrowing costs and tend to raise asset prices and wealth, thereby stimulating consumer spending and business investment—especially on vehicles and other durables goods, housing, and equipment and intangibles—and, ultimately, supporting employment. By stimulating demand, lower interest rates also have the potential to raise inflation. In contrast, higher interest rates generally exert a drag on economic activity and employment and tend to lower inflation. Over my tenure on the Board and the FOMC, we revised our monetary policy framework twice. While I appreciate that frameworks may evolve over time, I am pleased that the FOMC returned the framework to basic principles last year. Since joining the Board in 2018, the Committee has faced a number of significant economic challenges—including both very high inflation and unemployment, and many economic shocks. This experience has given me valuable perspective in assessing economic conditions and the balance of risks

      Iran's Ghalibaf states no measures will be taken until the other party takes action
      Submitted May 29, 2026      |From @FirstSquawk|30 comments

      IRAN'S GHALIBAF STATES NO MEASURES WILL BE TAKEN UNTIL THE OTHER PARTY TAKES ACTION. Iran's Galibaf: We have no trust in guarantees or words; only actions are the measures, no action will be taken before the other side acts. Translation | 1- We seize concessions not through dialogue, but with missiles; in negotiations, we merely make them understand. 2- We have no trust in guarantees or words—only actions are the measure. No action will be taken before the other side acts. 3- The winner of any…

      Canada gross domestic product by industry, March 2026
      Submitted May 29, 2026      |From statcan.gc.ca|26 comments

      Real gross domestic product (GDP) was unchanged in the first quarter of 2026, after declining 0.2% in the fourth quarter of 2025. Higher imports of goods, particularly gold, were offset by accumulations of business inventories. Decreased business and government capital investment was counterbalanced by higher household spending, as final domestic demand edged 0.1% lower. On a per capita basis, real GDP increased 0.2% in the first quarter of 2026, as the population declined for a second consecutive quarter and GDP remained unchanged. Imports rose 2.9% in the first quarter of 2026, with roughly half of the rise coming from intermediate metal products and waste and scrap metal, both of which were driven by gold imports. Excluding these two categories, imports rose at less than half the pace (+1.2%), led by higher purchases of passenger cars and light trucks and industrial machinery and equipment. In contrast, imports of pharmaceuticals and medicinal products declined in the first quarter, as did travel imports, as fewer Canadians travelled abroad. Canada Dips Into Technical Recession for First Time Since 2020 - The Canadian economy edged into a technical recession as weak business and government spending drove a slight contraction in the first quarter. -Real gross domestic product fell by 0.1% on an annualized basis…