CNBC Daily Open: Trump bemoans hostile acts
President Trump is not happy with the Federal Reserve for hiking rates, or with the EU for inviting Canada to become an "associate member" of the bloc.
TL;DR
- The Federal Reserve increased rates by 25 basis points.
- President Trump criticized the Fed and its governors as "hostile" and "political."
- Fed Chair Kevin Warsh indicated potential future rate hikes due to inflation.
- Bond investor Jeff Gundlach suggested a more aggressive rate hike approach by the Fed.
- The Bank of England is expected to keep rates unchanged, with inflation risks noted.
- Japan's short-dated government bond yields reached their highest since 1995 ahead of an expected Bank of Japan hike.
- President Trump called the EU's invitation to Canada as an associate member a "hostile act" and threatened tariffs.
- Oil prices fell after Saudi Arabia announced increased crude availability.
- Stock futures indicated a positive opening in the U.S. and Europe after a rally in Asia.
- Russia is preparing for its first parliamentary election since the invasion of Ukraine, with the ruling party expected to win.
- Voter turnout and the margin of victory for the United Russia party will be monitored for signs of public discontent.