Treasury yields were lower on Friday after New York Federal Reserve President John Williams offered some hope to investors that the Fed may lower its key interest rate at its final meeting of 2025 next month. The yield on the…
President Donald Trump on Wednesday said he would love to fire Federal Reserve Chair Jerome Powell, but suggested that Treasury Secretary Scott Bessent is holding him back. ″[I’ll] be honest, I’d love to fire his ass,” Trump said of Powell…
Asia-Pacific shares mostly rose Thursday after U.S. President Donald Trump signed a funding bill into law, effectively ending the longest federal government shutdown in U.S. history. Japan’s benchmark Nikkei 225 index rose 0.43% to close at 51,281.83. The Topix added…
The U.S. Federal Reserve on Wednesday stateside cut interest rates by a quarter point, bringing the overnight funds rate range between 4% and 4.25%. That move was fully priced in markets — so traders got what they expected. It was…
Newly-confirmed Federal Reserve Governor Stephen Miran dissented from the central bank’s decision to lower the federal funds rate by a quarter percentage point on Wednesday, choosing instead to call for a half-point cut. Miran, who was confirmed by the Senate…
Wells Fargo CEO Charlie Scharf said he “absolutely” supports the Federal Reserve’s independence, but that President Donald Trump is free to express his beliefs on how the central bank should set monetary policy. The Fed has to be and currently…
The US will suspend duty-free treatment for imported parcels valued at $800 or less starting August 29th. Smaller parcels will then be subject to all applicable taxes and fees. According to the United Nations Universal Postal Union on the 26th,…
The Federal Reserve released the minutes of its July monetary policy meeting on the 20th. Fed members attending the meeting agreed that U.S. economic activity slowed in the first half of the year, while inflation remained elevated. The impact of…
The US Department of Labor released data this morning on the 14th showing a significant increase in the US Producer Price Index (PPI) in July, exceeding market expectations and signaling a renewed round of inflationary pressures in the upstream US…
On July 27th, local time, US President Trump announced that the US had reached a trade agreement with the EU, imposing a 15% tariff on EU goods imported into the US. It was reported that on the 27th, US President…
