You're Fired
As expected, the Fed proposed easing the enhanced supplementary leverage ratio for banks. Perhaps it's cynical but I'd say that's to create more room for Treasury bonds.
The WSJ says Trump may nominate a successor to Fed Chairman Powell early, hitting the dollar.
Japan says they can't accept a proposed 25% auto tariff.
Computer memory company Micron (MU) beat guidance and expectations but was only up 2% after already doubling from 1Y lows. Overly high expectations? They also said there was some tariff-related pull forward of buying.
Durable Goods, GDP, Jobless Claims, Pending Home Sales, and Trade data, today.