The standout detail came from nondefense capital goods ex-aircraft, a closely watched proxy for business investment, which climbed +1.1% against expectations of only +0.2%, with June revised higher to -0.6%. This gauge, which filters out large, volatile aircraft orders and defense-driven spending, provides a clearer read on private-sector investment sentiment. The gain suggests some resilience in business confidence despite recent volatility, with the series alternating between gains and losses over the past four months.
Later, U.S. consumer confidence in August came in at 97.4, slightly above the 96.2 estimate and essentially flat compared to July’s upwardly revised 98.7. The current situation showed mixed signals: 22.0% of respondents said business conditions were “good” (up from 20.5%), while 14.2% viewed them as “bad” (up from 13.6%). In the labor market, 29.7% said jobs were “plentiful” (down from 29.9%), while 20.0% said jobs were “hard to get” (up from 18.9%). Looking ahead, expectations were subdued: 19.5% expected business conditions to improve, while 21.9% expected them to worsen. On jobs, 17.9% anticipated more positions ahead (slightly lower), while 26.8% expected fewer jobs (up from July). Income expectations were also softer, with 18.3% expecting gains (down from 18.7%) and 12.6% seeing declines (up from 11.8%). Overall, the data point to a modest improvement in headline confidence but a cautious outlook on jobs and incomes, suggesting consumers remain wary despite stable headline sentiment.
In the bond market, the U.S. yield curve steepened. The 2-year yield fell -4.5 bps, while the 10-year declined a smaller -1.6 bps, and the 30-year rose +2.2 bps. That left the 2s–30s spread at 122 bps, the widest since January 2022, underscoring market concerns that the Fed could cut rates even as longer-term inflation risks remain. Fed funds futures continue to price in about an 84% probability of a 25-bp cut at the next meeting.
On the Fed, Trump said that he is ready for a legal fight with regard to the firing of Lisa Cook, but did say, that he would abide by any court decision. He mentioned that he had a candidate in mind, and late in the day, the Wall Street Journal citing sources said that Trump is considering quickly announcing a nominee to replace Gov. Cook. That nominee would be former World Bank Pres. Malpass. He also talked about extending Miran's term (even now he has not been confirmed as a governor just yet).US stocks closed higher with the :
Dow rising 135.60 points or 0.30% at 45418.7S&P rose 26.62 points or 0.41% at 6465.94Nasdaq _94.98 points or 0.44% at 21544.27Russell 2000 rose 19.42 points or 0.83% at 2358.59 This article was written by Greg Michalowski at investinglive.com.Hence then, the article about investinglive americas fx news wrap 26 aug trump fires fed s cook and look for control was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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