January 30th, 2026 2:24 PM by T. Fanning
Hi, hope you’re having a great week!
President Trump’s nomination of former Fed governor Kevin Warsh to replace Jerome Powell sparked new debate about the direction of interest rates and borrowing costs. Treasury yields initially rose, pushing rates higher, but the move faded as investors weighed Warsh’s mixed stance on rates. Even with a much stronger-than-expected Producer Price Index, bonds and rates barely moved. Overall, interest rates had a good week and ended slightly lower.
Next week has limited economic news, but two key reports matter. Monday brings the ISM manufacturing report, which measures how the manufacturing sector is performing. Friday features the monthly jobs report. With the Fed meeting over, expect more comments from Fed officials during the week.
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