Senate Republicans Defy Trump, Will Work With Democrats On Stabilizing Obamacare

In the first tangible sign of GOP defiance of Donald Trump in the Senate, Lamar Alexander, head of the Senate Health Committee, announced Tuesday that he would work with Democrats to "stabilize and strengthen" the individual insurance market under Obamacare, even as Trump threatens to end "bailouts" for insurers.

Here's The Real Reason The Fed Is Making Absurd Monetary Decisions

"There have always been lags between the time of a policy shift and evidence of that shift in the broader economy. However, in a heavily indebted economy, with the velocity of money likely falling further, and policy rates close to the zero bound, the Fed’s current capabilities are decidedly asymmetric."

WSJ Asks "Who Paid For The 'Trump Dossier'?"

"Democrats don’t want you to find out - and that ought to be a scandal of its own...What if, all this time, Washington and the media have had the Russia collusion story backward?"

FOMC Preview: Just 2 Things To Watch For In Today's Fed Statement

With the market pricing in 0% chance of a July rate hike, and with no Yellen press conference to follow, there are just two things to watch for in today's FOMC statement: (1) any hints that Fed balance sheet reduction will be announced in September and (2) adjustments to the language discussing the recent disappointment in the rate of inflation (after 4 consecutive CPI misses).