Jay Hatfield forecasts Fed reform and flexible inflation targets under Kevin Warsh - Fox Business

Nearly half of Americans say they're worse off financially than a year ago, NY Fed finds  CBS News

Inflation could top 4% this week. The bond market wants Fed Chair Warsh to prove he’ll fight it.  MarketWatch

UBS Warns America's Restaurants Locked In "Difficult Cycle" As Tax-Refund Sugar-High Fades There is certainly a growing consensus on Wall Street that the tax-refund sugar high is fading just as consumers' financial profiles deteriorate. The latest read-through comes from UBS analyst Dennis Geiger, the bank's U.S. restaurants equity research analyst, who warns that a toxic cocktail of macro pressures is likely to crimp restaurant spending in the second half of the year. Geiger warned in a note that elevated gas prices at the pump appear to be offsetting tax-rebate benefits, while lower-income, younger, and Hispanic consumers remain among some of the weakest demand cohorts. "Challenged traffic and sales trends likely largely reflect depressed consumer sentiment across several cohorts, elevated gas prices, and other macro headwinds," the analyst said, adding, "We are more cautious on restaurant industry trends into 2H26, assuming near-term headwinds persist, rebate check benefits fade, and risk that gas prices stay elevated." He said that margin pressure will likely persist for restaurants through summer and into fall as commodity inflation remains a problem. Despite the negative backdrop, he pointed out valuations for restaurant stocks look attractive: Despite challenged fundamentals, negative investor sentiment, and valuation pressure, we believe restaurants are in a difficult cycle currently, rather than a longer-term structurally challenged position. Valuations appear attractive relative to hi

The Odds of a Fed Rate Hike Passed 50% This Weekend. Is the Trump and Warsh Honeymoon Over Already?  24/7 Wall St.

Fed faces policy crossroads as inflation data looms  MSN

US Household Financial Outlook Deteriorates; Short-Term Inflation Expectations Decline  Forex Factory