Latest Updates Around The World
Crypto assets entered bear market territory this weekend, and more volatility could emerge this week. The crypto market sell-off continued this weekend as investors were shocked by US President Trump’s choice for Federal Reserve chairman. New Fed Chairman Kevin Warsh is seen as hawkish and may not cut rates as quickly or as much as […]
The dollar held on to its gains on Monday as investors weighed what a Federal Reserve under Kevin Warsh might look like, with his preference for a smaller balance sheet. The yen was also back on traders’ radar after Japanese Prime Minister Sanae Takaichi discussed the benefits of a weaker yen in a campaign speech […]
Mortgage purchase application details 2026 has had the best start in years for application data buying, with multi-year highs in this index last seen in early 2023, when rates hit 5.99% before rising to 8% later that year. This year, however, conditions for mortgage rates are significantly different: the Fed has already cut rates substantially […]
U.S. stocks fell on Friday after President Donald Trump nominated former Fed Governor Kevin Warsh to lead the U.S. central bank, a decision many investors see as an aggressive choice.Investors expect Warsh to support lower interest rates, but falls far short of more aggressive monetary policy easing associated with some of the other potential nominees. […]
US stock index futures narrowed some losses on Friday after US President Donald Trump nominated Kevin Warsh as the next chairman of the Federal Reserve.“I nominate Kevin Warsh to be chairman of the Board of Governors of the Federal Reserve System,” Trump said, announcing his latest move to put his stamp on a Fed he […]
Topline President Donald Trump is set to announce former Fed official Kevin Warsh as his pick to replace Jerome Powell as central bank chairman, according to multiple reports, while Trump himself announced he will announce his choice on Friday morning. Kevin Warsh, former Governor of the US Federal Reserve, during the spring meetings of the […]
Gold prices fell on Friday under pressure from a firmer dollar but were poised to post their biggest monthly gain since 1980 as investors piled into the safe metal amid lingering geopolitical and economic uncertainties. RAW MATERIALS * Spot gold fell 0.9% to $5,346.42 an ounce as of 0124 GMT, after hitting a record high […]
The president told reporters about the announcement at the premiere of “Melania,” the film about first lady Melania Trump. Friday’s announcement ends a months-long selection process that has fueled debate over the future direction of the country’s central bank. The candidates for the Fed chairmanship Trump has considered four final candidates to lead the Federal […]
U.S. Federal Reserve Chairman Jerome Powell said Wednesday he is committed to preserving the Federal Reserve’s independence and credibility amid attempts at political intervention, with President Donald Trump publicly pressuring the Fed to sharply cut rates.He noted that keeping the Fed independent of politics helps maintain its credibility. He said the independence given to the […]
BTC was more volatile before the announcement. After a number of successive rate cuts, a series that started in September, the US Federal Reserve has adjusted its strategy and kept interest rates stable between 3.5% and 3.75%. This decision, which was largely expected despite declining inflation in the US, has had no impact on the […]
