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August 27, 2025 at 1:00 p.m. EST
Yesterday, after some overnight volatility following the initial “You’re Fired” headlines US equity markets held around unchanged for most of the session before rallying into the close. In a quiet evening of news flow media focused on the end of independence. Not only for the Fed but also for the power couple which the MAC Desk will refer to as the Swelces going forward. There are big questions that remain: will Travis take her last name, will he sign a prenup and will Jason wear a tee-shirt tuxedo to the wedding. On the Fed, the ultimate fate of Fed Governor Cook may not be known for a while as this will move to the court system with the Federal Reserve saying it will abide by any court decision on the matter.
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