Bloomberg Surveillance · Tuesday, July 21, 2026
Julian Emmanuel of Evercore ISI does not expect any action from the Federal Reserve in the upcoming week. He cited rising oil prices to $90 a barrel and the ten-year yield approaching an uncomfortable level as key concerns that complicate the Fed's inflation-fighting efforts.
“So we don't think you're going to get anything next week. But the problem for Warsh is twofold number one. The escalation with Iran has sent oil to a level that's ninety a barrel brent cruise right exactly. And then you mentioned it at the top of the hour, the ten year yield is getting to an uncomfortable place. Uh, And it looks to us like you know, actually the US has been best behaved, but it looks like you're on the verge of another global breakout higher in long term meal, it's and that's a problem for across America.”