Syz the moment

Speaking at the Economic Club of Washington D.C., Powell referenced the idea that central bank policy works with “long and variable lags” to explain why the Fed wouldn’t wait for its target to be hit. “The implication of that is that if you wait until inflation gets all the way down to 2%, you’ve probably waited too long, because the tightening that you’re doing, or the level of tightness that you have, is still having effects which will probably drive inflation below 2%,” Powell said. Instead, the Fed is looking for “greater confidence” that inflation will return to the 2% level, Powell said. “What increases that confidence in that is more good inflation data, and lately here we have been getting some of that,” he said. Powell also said he thinks a “hard landing” for the U.S. economy was not “a likely scenario.” Source: CNBC, Radar

Ohio Sen. J.D. Vance, less than a decade ago, rose to prominence as a Trump critic. But over the last few years, Vance, 39, has emerged as a Trump loyalist, becoming one of his most vocal defenders in the Senate and a frequent surrogate on television as he called for the party to embrace Trump’s populist agenda. Vance could expand Trump’s appeal in the swing states. Indeed, he hails from the Rust Belt, which includes portions of the critical swing states of Pennsylvania, Michigan and Wisconsin. He’s also a Marine veteran, and would be the second youngest vice president — tied with Richard Nixon — if Trump wins in November. Source: FT

Thanks mainly to SpaceX and Elon Musk Source: Evan

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Source: HolgerZ, Bloomberg

Source: Flow Show, TME

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Source: Google Trends