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A source said Kuwait's crude oil production averaged 1.65 mln bpd in June, versus May's average of 578k bpd. The source added output reached about 1.9 mln bpd during the final 10 days of June.

2026-07-02

A source said Kuwait's crude oil production averaged 1.65 mln bpd in June, versus May's average of 578k bpd. The source added output reached about 1.9 mln bpd during the final 10 days of June.

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2026-07-02

Analyst Eric Merlis said June nonfarm payrolls were significantly below expectations, a stark contrast with a string of upside surprises earlier this year, but the labor market is still adding jobs and wage growth shows little sign of accelerating. W

Analyst Eric Merlis said June nonfarm payrolls were significantly below expectations, a stark contrast with a string of upside surprises earlier this year, but the labor market is still adding jobs and wage growth shows little sign of accelerating. With participation falling and hiring cooling, the Fed’s decision to stand pat last month looks less like a policy mistake and more like prudent patience. Markets are repricing: as the inflation debate continues, the probability of further rate hikes is declining.
2026-07-02

DALY said policymakers should focus on stronger inf and labor-market data, but should not change the Fed's target.

DALY said policymakers should focus on stronger inf and labor-market data, but should not change the Fed's target.
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