Log-in here if you’re a member with access to the Closer. At the margins, today’s release of the Fed Minutes showed more hawkish tones than markets expected.Log-in here if you’re a member with access to the Closer. At the margins, today’s release of the Fed Minutes showed more hawkish tones than markets expected.

The Closer – Credit Down, Ags Up, Stockpiles – 7/8/26

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  • At the margins, today’s release of the Fed Minutes showed more hawkish tones than markets expected.
  • Federal Reserve estimates for total consumer borrowing came in far below estimates as balances fell by $182mm MoM versus the $17.5bn growth expected.
  • Crude oil continues to experience historic drawdowns as product exports register record surpluses and production remains well below historically strong levels.

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The post The Closer – Credit Down, Ags Up, Stockpiles – 7/8/26 first appeared on Bespoke Investment Group.
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