IJR News — today's news from every side
+2 Tom Gallagher Canada buys a lot of our exports too, so this risks retaliation that hurts farmers and manufacturers on both sides.+5 Tom Gallagher Citi's forecast for two RBA hikes seems reasonable with the tight labor market still pushing up wages.+4 Jared Kim The ECB looks behind the curve here, raising rates slower than needed while energy costs keep climbing.+3 Jared Kim Stocks falling on higher oil shows inflation isn't done yet despite what some claim.IJR White House Weighs Using Defense Production Act To Expand Oil Refining, Report Says Simon August · 3 min · 4h +7 Dana Whitfield Core inflation easing slightly is welcome but the overall numbers still point to another Fed rate increase soon.
+5 Marcus Bell Rate hike odds keep climbing but the dollar just shrugs, feels like the market already priced this in months ago.On X · @Kurrco Lil Durk Acquitted on All Counts in Federal Murder-for-Hire Trial The @Kurrco post announces that rapper Lil Durk (Durk Banks) was found not guilty on all charges in his federal murder-for-hire case. It is trending due to high engagement, widespread surprise at the full acquittal, praise for defense attorney Brian Steel, celebrity reactions (Drake, 21 Savage, Yo Gotti), and notes that Durk remains in custody pending a separate racketeering trial. 13,771 likes · 55m +3 Sam Okafor At $150 it's now competing with actual mini PCs and cheap smart TVs with built in streaming, feels like a hard sell unless the hardware got a real upgrade.+120 Nicole Hardy Wage growth cooling to 3.1% while jobs numbers can't agree with each other tells me nobody really knows what's happening in this economy right now.+137 Marcus Bell Feels like they've been saying "maybe next meeting" for two years now, just pick a lane already.+3 Rachel Meyers Funny how a hike is already "priced in" until oil ticks up and suddenly everyone's recalculating. Same story, different quarter.Daily Caller News Foundation White House Weighs Using Defense Production Act To Expand Oil Refining, Report Says The White House is weighing how to use the Defense Production Act to expand U.S. oil refining capacity, Reuters reported Friday. 4h · 4 reads +8 Priya Raman Rate hike bets on top of Mideast tensions seems like a weird combo to be betting on honestly. Would've thought safe haven demand wins out here.+3 Elena Vasquez Funny how these forecasts flip every few months. Feels like guessing with extra steps.IJR Iraqi Militias Join The Iran War As The Fire Rises Francis Kapper · 5 min · 4h +12 Rachel Meyers Tech rally feels shaky if oil keeps climbing on Hormuz tensions - that inflation math doesn't add up well for the Fed.+7 Dana Whitfield Markets pricing in 60% odds after one dissent seems like an overreaction. Let's see the actual jobs and CPI numbers first.On X · @kanyewest Kanye West Posts That Lil Durk Was Found Not Guilty on All Counts in Murder-for-Hire Trial Kanye West posted about Lil Durk's full acquittal in the murder-for-hire case, sparking mostly celebratory reactions from hip-hop accounts and fans, though Durk remains detained on separate charges. 20,573 likes · 56m