investingLive Americas FX news wrap 13 Aug: Fed officials are cautious but markets are not ...Middle East

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NASDAQ and S&P close at new records. Indices recover from declines in up and down sessionFed's Goolsbee: Need more comfort on inflation, every meeting liveUS government's announcement on farming sector probing tariffs not likely or a few weeksUS crude oil futures settle at $62.65Fed's Bostic: Feel like we have the luxury today to wait to make a policy adjustmentBOC meeting minutes: Agreed on need to wait for more clarity before firm conclusionsFed's Goolsbee Economists unanimous that Fed must be independentEuropean shares rise as hopes for peace and lower impact from tariffs push shares higherTrump: Meeting with EU leaders and Zelenskiy rate it a 10Axios: Pres. Trump has told EU leaders and Ukraine's Zelenskiy land needs to be given upUK PM Starmer: Have military plans ready that could be used if there is a cease-fireFed Chair candidate Bullard: A 50 bp cut in September sounds panickyUS crude oil inventories +3.036M vs -0.275M estimateFrance Macron: Trump stated intention for a Ukraine cease-fire when he speaks with PutinThe list for Fed Chair expands. Adding some outsiders including Rick Reider, David ZervosThe USD is lower vs major currencies to start the North American session as sellers pushinvestingLive European markets wrap: Dollar sags, stocks hold firm while Ethereum ralliesUS Bessent: There's good chance of 50 basis point rate cut for the Fed

The market is saying one thing. Some Fed officials are telling a different story.

Bostic's Atlanta Fed’s GDPNow model currently projects 2.5% growth for Q3, with an update due Friday. On inflation, the Atlanta Fed’s sticky-price CPI rose 4.6% annualized in July after 4.3% in June, and is up 3.4% year-over-year, highlighting persistent price pressures in slower-moving categories. I can understand his hesitancy given that data.

Fed officials are not 100%.

2-year yield 3.678%, -5.2 basis points5 -year yield 3.768%, -5.3 basis points10 year yield 4.238%, -5.5 basis points30 year yield 4.829%, -5.6 basis points

A look at the USD changes vs the major currencies shows:

EUR -0.21%JPY -0.28%GBP -0.53%CHF -0.11%CAD -0.07%AUD -0.25%NZD -0.29%

Dow industrial average +1.04%.S&P index +0.32%NASDAQ index +0.14%.Russell 2000 +1.98% after yesterday's 2.99% rise.

Crude oil continued its move to the downside falling further away from its 100 day moving average at $64.77. The current price is trading at $62.75 down $0.43 from yesterday's trade.

Bitcoin rose by $2600 to -$122,729. Bullish (the company) is a global digital asset platform focused on institutional investors, combining elements of both centralized and decentralized finance. It operates a regulated cryptocurrency exchange, Bullish Exchange, and also owns CoinDesk, a leading digital asset media and data provider. The company aims to provide market infrastructure and information services for institutions engaging with digital assets. And after searching to $118 then fell sharply to close near session lows at $68..

This article was written by Greg Michalowski at investinglive.com.

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