Market Talks covering the impact of U.S. Politics and White House policies on companies and markets. Published exclusively on Dow Jones Newswires throughout the day.
1222 ET - Uncertainty about the future of the U.S.-Mexico-Canada trade pact will continue to cast a pall over the Canadian economy and lead to slower-than-anticipated growth in 2026, Capital Economics says. Trade uncertainty and lower immigration intake is expected to slow growth this year to 0.5%, CapEcon says. The firm projectsgrowth to pick up steam over the next year although cautioning USMCA uncertainty remains a major wildcard. U.S. withdrawal from USMCA looks unlikely given advanced talks with Mexico. "But there is still a risk that talks drag on" for longer than a year, the firm says. That could further delay a rebound in business investment, and a boost to exports following some tariff relief, CapEcon says. (paul.vieira@wsj.com; @paulvieira)
1212 ET - The U.S. Supreme Court's ruling blocking President Trump from firing Fed governor Cook "offers some comfort with respect to Fed independence," Ameriprise's Russell Price says. The court rules that the president can fire officials at independent agencies at will, except for central bankers. The decision "is a win for market sentiment," Price says. He warns, however, that the issue of Fed independence is "likely to remain a simmering background concern until proven otherwise." Treasury yields are little changed since the Supreme Court announcement, with the 10-year trading at 4.378%.(paulo.trevisani@wsj.com; @ptrevisani)
1033 ET - The Supreme Court has rejected President Trump's attempt to fire Federal Reserve board member Lisa Cook. The decision preserves her position and is widely seen as reinforcing the Federal Reserve's independence. In a 5-4 decision, the Court upheld the lower courts' rulings that Cook could continue serving at the central bank as her legal case challenging the termination moves forward. "The Government has not shown that it is likely to prevail on the legal arguments advanced in its stay application," the Court said. Cook launched her legal battle on Aug. 28 after Trump attempted to remove her from the Fed amid allegations she made false claims on mortgage documents in 2021 that may have secured her more favorable loan terms. (patrick.sheridan@wsj.com)
0550 ET - U.S. Treasury yields rise in European trade reflecting the market's continued expectation of Federal Reserve rate hikes, while the dollar is slightly lower as the U.S. and Iran make renewed diplomatic efforts for a peaceful resolution. "Although tensions escalated during the last few days, sentiment improved after reports emerged that both sides agreed to resume negotiations over the Strait of Hormuz," Exness' Dat Tong says in a note. The development revived hopes that the interim peace agreement could be preserved, reducing demand for safe-haven assets such as the dollar, the senior financial markets strategist says. The 10-year U.S. Treasury yield rises 1.4 basis points to 4.385%, according to Tradeweb. The DXY dollar index declines 0.1% to 101.267. (emese.bartha@wsj.com)
0428 ET - A Supreme Court ruling this week on President Trump's attempt to fire Federal Reserve governor Lisa Cook poses a potential headwind to the dollar, ING's Francesco Pesole says in a note. If the ruling supports Trump's bid, that could "reignite some Fed independence concerns which could weigh substantially on a dollar," he says. However, in January justices signaled skepticism over Trump's claim that he could immediately remove Cook on allegations of mortgage fraud. The DXY dollar index falls 0.1% to 101.241.(renae.dyer@wsj.com)
(END) Dow Jones Newswires
June 29, 2026 12:22 ET (16:22 GMT)
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