Latest Updates Around The World
The US Federal Reserve kept its benchmark interest rate unchanged on Wednesday as policymakers continued to assess the strength of the labor market and the pace at which inflation is declining. The central bank kept the federal funds rate within a range of 3.5% to 3.75%, in line with market expectations, signaling caution amid mixed […]
A key tool used by the US central bank to stabilize global financial markets in times of crisis could be deployed by the Trump administration, Kenneth Rogoff, a former chief economist at the IMF, said when asked if that was a possibility.The Federal Reserve’s swap lines, which lend dollars to other central banks during periods […]
Arthur Hayes Says Secret Fed Liquidity to Support the Yen Could Mechanically Boost Bitcoin and Crypto Prices Former BitMEX CEO Arthur Hayes has suggested that the US Federal Reserve could soon expand its balance sheet to support the Japanese yen and government bonds. He argued that this secret money printing would directly increase the price […]
The week has already started with high market volatility, and more is expected over the next five business days. Markets will digest US President Trump’s latest round of tariff threats and a possible US government shutdown this week, in addition to ongoing geopolitical tensions. Add to that the Federal Reserve’s meeting and rate decision, and […]
U.S. stock prices fell on Friday, putting Wall Street’s major indexes on track for a second straight weekly decline as Intel tumbled on a bleak outlook and ongoing geopolitical tensions sapped risk appetite.Stocks have recovered over the past two sessions after Tuesday’s sharp sell-off, triggered by US President Donald Trump’s threats to impose tariffs on […]
Stocks rose on Thursday after President Donald Trump backtracked on threats to hit key European countries with tariffs over their opposition to a US takeover of Greenland.Gains were also fueled by a rise in technology stocks, as artificial intelligence trading was back in the spotlight after the head of top AI chipmaker Nvidia said the […]
Precious metals retreated on Thursday as geopolitical tensions and demand for safe havens eased after US President Donald Trump backed away from new tariff threats and proposals to forcibly annex Greenland, while a firmer dollar also put pressure on prices. RAW MATERIALS * Spot gold fell 0.8% to $4,799.79 an ounce as of 0136 GMT, […]
TLDR: Gold posted its strongest annual performance since 1979 with a 61.4% gain to reach a record high of $4,600. JP Morgan and Bank of America predict that the gold price will reach $5,000 in 2026 with a Polymarket probability of 79%. Tokenized gold products Pax Gold and Tether Gold control nearly 80% of the […]
Minneapolis Federal Reserve President Neel Kashkari declined to cut rates last month and sees no need to cut them in the near term given the resilience of the labor market and inflation above the Fed’s target, the New York Times reported Wednesday.“I don’t see any impetus to cut in January,” Kashkari said in an interview […]
Wall Street’s major indexes fell for a second straight day as investors analyzed results from Bank of America and Citigroup, while data on retail sales and producer prices failed to shake expectations for interest rate cuts later this year.Shares of Bank of America fell 3.5% even as the lender beat quarterly profit expectations, while Wells […]
