Kevin Warsh’s nomination hearing to become chair of the Federal Reserve has been set for April 16, reported Politico on Friday. As per the Politico report , Warsh’s confirmation has been a top Treasury priority, and his sherpa team over the past few weeks has been headed by Deputy Undersecretary for Legislative Affairs Derek Theurer — who returned full-time to his role to focus on Warsh’s nominati...
Kevin Warsh’s nomination hearing to become chair of the Federal Reserve has been set for April 16, reported Politico on Friday. As per the Politico report , Warsh’s confirmation has been a top Treasury priority, and his sherpa team over the past few weeks has been headed by Deputy Undersecretary for Legislative Affairs Derek Theurer — who returned full-time to his role to focus on Warsh’s nomination — alongside Deputy Chief of Staff Samantha Schwab. President Donald Trump named Warsh, a former Fed governor, as his pick to lead the Fed in January. The president has been urging the Fed to rapidly cut interest rates for more than a year and has often blasted Jerome Powell for not cutting rates fast enough. Powell's term as Fed chair is slated to end in May. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on related topic Kevin Warsh officially nominated for Fed chair Bessent urges Senate to move ahead on Warsh hearings despite Powell probe standoff Trump administration prepares for Warsh Fed chair nomination, Bloomberg reports
In March, the S&P 500 energy sector ( XLE ) moved 7.4% in the upward direction this year supported by a whopping 44.5% rise in crude oil futures ( CL1:COM ) over potential disruption in global crude supply. Against this backdrop, short interest trends among mid, large and mega-cap energy stocks show a wide divergence. Solaris Energy Infrastructure ( SEI ) was the most shorted stock in March, while...
In March, the S&P 500 energy sector ( XLE ) moved 7.4% in the upward direction this year supported by a whopping 44.5% rise in crude oil futures ( CL1:COM ) over potential disruption in global crude supply. Against this backdrop, short interest trends among mid, large and mega-cap energy stocks show a wide divergence. Solaris Energy Infrastructure ( SEI ) was the most shorted stock in March, while MPLX ( MPLX ) was the least shorted stock. Most shorted energy stocks as of March end: Solaris Energy Infrastructure ( SEI ) 23.74% Centrus Energy ( LEU ) 22.71% Sable Offshore ( SOC ) 21.17% Transocean ( RIG ) 16.94% Northern Oil and Gas ( NOG ) 16.90% Least shorted energy stocks as of March end: MPLX ( MPLX ) 0.75% Enterprise Products Partners ( EPD ) 0.81% Energy Transfer ( ET ) 0.91% Mach Natural Resources ( MNR ) 1.05% Alliance Resource Partners ( ARLP ) 1.09% Energy ETFs: ( XLE ), ( AMLP ), ( VDE ), ( XOP ), ( OIH ), and ( IXC ). More on State Street® Energy Select Sector SPDR® ETF Finding The Opportunities After The Selloff And End Of The War S&P 500 Earning Estimates Are Surprisingly Rising And $100 WTIC Oil Is Not Expensive XLE: Sell Oil And Buy Oil Company Shares Top 10 large-cap energy stocks ranked by their forward dividend yield Top mid-cap energy stocks ranked by their forward dividend yields
Alexey_Arz/iStock via Getty Images By Krzysztof Kamiński Markets are increasingly leaning toward the view that the Bank of Japan may deliver another rate hike this month. But the issue is no longer just whether the move happens. For FX markets, and especially for USD/JPY ( USD:JPY ), the bigger question is how the BoJ prepares investors for it. The market is pricing in both a move and a message Th...
Alexey_Arz/iStock via Getty Images By Krzysztof Kamiński Markets are increasingly leaning toward the view that the Bank of Japan may deliver another rate hike this month. But the issue is no longer just whether the move happens. For FX markets, and especially for USD/JPY ( USD:JPY ), the bigger question is how the BoJ prepares investors for it. The market is pricing in both a move and a message The market is now more clearly assuming that the Bank of Japan could opt for another interest rate hike this month, with current pricing implying roughly a 70% probability of such a move. In practice, however, the focus is no longer solely on the decision itself but also on the way it is communicated. That communication could prove decisive for currency market volatility in the coming weeks, particularly for USD/JPY. Probability of an interest rate hike in Japan (Source: Bloomberg) The BoJ is in a demanding position. On the one hand, policymakers continue to point to uncertainty linked to geopolitical tensions in the Middle East, which could in theory justify a cautious stance. On the other hand, incoming data and the tone of recent remarks have done little to cool expectations. If anything, they have strengthened the view that the conditions for further monetary tightening are gradually falling into place. Inflation and rate signals keep expectations elevated Fresh readings on core inflation, the output gap, and the natural rate of interest all fit into the argument for higher rates. At the same time, the March Summary of Opinions following the BoJ meeting was also interpreted as a sign that policymakers remain open to further action. Taken together, these signals have kept the market firmly focused on the possibility of another move. The most likely scenario is that the Bank of Japan will try to prepare the market for a rate hike rather than allow investors to be caught off guard. That matters especially in light of the experience of July 2024, when less-than-clear communic...