Trump: Will Continue to Launch Strong Strikes Against Iran

Three Federal Reserve policymakers said the dissenting votes in favor of interest rate hikes this week stemmed from stubborn inflationary pressures, signaling rising internal pressure on Fed Chair Walsh to act. In statements released Friday morning, Harker and Kashkari said they are concerned that while the current round of price hikes may stem from temporary factors such as former President Trump’s tariff policies and Iran-related tensions, the inflation situation now warrants action from the Fed. Logan joined them, noting that even if inflation cools somewhat, it is unlikely to fall all the way back to the Fed’s 2% target without interest rate increases; without any policy tightening, inflation could remain above the target until an unexpected shock occurs. Kashkari said that if inflation stays stubborn, he could support a series of rate hikes rather than a single increase, to prevent inflation from becoming further entrenched. “A series of small policy adjustments may be better than waiting for the situation to develop and eventually having to take more drastic action,” he said. Harker said that without policy tightening, price growth could continue to accelerate. “Inflation has remained stubbornly above 2% for more than five years, and I have no confidence that it will fall back to our target on its own,” she noted. (Jinshi)

According to market data from BIT (bit.com), Amazon (AMZN)’s stock price surged 15.2%—its largest percentage gain since 2012—now trading at $271.3.

The yield on the 10-year U.S. Treasury note rose to 4.7388%, the highest level since January 2025.

Fed officials Logan and Harker both defended their earlier stance of supporting a 25 basis point rate hike, boosting market expectations of further near-term monetary policy tightening. U.S. Treasury yields rose across the board, with selling pressure intensifying. The 10-year U.S. Treasury yield climbed to 4.737%, hitting its highest intraday level since January 2025. As investors increased their bets on interest rates staying high or rising further, U.S. Treasury prices remained under pressure.

Machi(@machibigbrother) was liquidated 3 times as the market dropped. His account balance is now below $100K again. New liquidation price: $1,843.4

According to BIT (bit.com) market data, the Philadelphia Semiconductor Index has turned negative after earlier rising around 5%. Sandisk (SNDK.O) fell about 7%, Micron Technology (MU.O) dropped more than 4%, and SK Hynix (SKHY.O) declined over 2%.