On Trump's Fed, Global Inflation & S&P 500 Earnings

President Trump appointed Stephen Miran, a Trump loyalist and chair of the Council of Economic Advisers, to fulfill the remaining days of Fed Governor Adriana Kugler’s term. William explores Miran’s historical stances, including his calls for lower interest rates, reforming the Fed, a weak dollar, and aggressive tariffs and trade policies. … Global inflation has decelerated sharply from elevated pandemic-era levels, but it has been relatively sticky recently. Melissa parses the data to see what’s keeping inflation aloft and whether tariffs are having an impact. … Analysts’ net earnings revisions for the S&P 500 are increasingly positive, Joe reports. They’ve grown more optimistic about earnings in the Communications Services, Information Technology, Financials, Utilities, and Industrials sectors.