Healthy Americans Weigh Down Productivity as the Fed Plans Rate Increases Amidst $4 Gas Prices
Weekly Wrap: Americans have worked longer, but they haven’t gotten any smarter. Welcome to Friday! This is a digest of recent economic and financial events. We’re taking a look at what happened over the past week, keeping it straightforward and to the point. This week, the Labor Department reported that while Americans worked as expected […]
Kevin Warsh’s approval as the new Fed chair faces delays amid increasing concerns over the Iran conflict: sources
Kevin Warsh’s Nomination Uncertain Amidst Capitol Discussions Kevin Warsh, who has been nominated by President Trump to take over from Jerome Powell as chairman of the Federal Reserve, is currently making rounds on Capitol Hill, trying to gain support from Republican senators and possibly a couple of Democrats essential for his confirmation. However, his nomination […]
Gold price update for Thursday, March 19: Gold drops after Fed decision
Gold futures for April began trading on Thursday at $4,828 per troy ounce, seeing a 1.4% decline from Wednesday’s close of $4,896.20. During the initial trading period, prices even dipped below $4,700. The Federal Reserve wrapped up its March policy meeting on Wednesday, opting to keep interest rates steady. In the latest Summary of Economic […]
USD/JPY rises and targets 160 as aggressive Fed strengthens US Dollar
On Wednesday, the USD/JPY pair gained nearly 0.40% after the Federal Reserve decided to keep interest rates unchanged, suggesting there might be just one reduction in rates for 2026. As of now, USD/JPY is trading around 159.60, although the market remains quite volatile. Yen Weakens as Fed Signals Limited Easing During a press conference, Fed […]
Powell Stays? Fed Chair Indicates He Will Remain If Justice Department Continues Investigation
Federal Reserve Chairman Statement on Investigation Federal Reserve Chairman Jerome Powell has stated that he plans to remain on the Fed’s board until the ongoing Justice Department investigation concludes. “I will not leave the Board until the investigation is successfully concluded with transparency and finality,” he mentioned, referring to a statement in the Fed’s preparedness […]
March FOMC: Fed maintains current interest rates
Federal Reserve Decides to Maintain Interest Rates The Federal Reserve announced that it will keep interest rates steady, a decision made during their latest Federal Open Market Committee (FOMC) meeting. This announcement comes amidst a declining labor market and rising uncertainty linked to the ongoing situation in Iran. The Fed has decided to maintain the […]
US Dollar Index remains stable above 99.50 as traders prepare for Fed interest rate decision
US Dollar Index Update The US Dollar Index (DXY), which gauges the value of the US dollar (USD) against six major global currencies, is hovering around 99.60 as Asian markets opened on Wednesday. This steadiness comes as traders hold their breath, waiting for the Federal Reserve’s decision on interest rates later today. Compounding the situation, […]
Trump seeks lower interest rates from the Fed, but his conflict with Iran is creating obstacles.
Amid ongoing tensions with Iran, President Donald Trump is increasingly vocal about his desire for the Federal Reserve to lower interest rates. If there was ever a critical moment for such cuts, it would likely be in the wake of the current conflicts, which have pushed oil prices up and reignited inflation fears, complicating the […]
GBP/USD remains stable before simultaneous Fed and BoE choices.
The British pound saw a slight uptick for the second consecutive day as traders prepared for the Federal Reserve’s meeting on Wednesday and the Bank of England’s decision on Thursday. On Wednesday, the Fed is anticipated to hold interest rates steady between 3.50% and 3.75%, largely due to the uncertainties stemming from the ongoing conflict […]
EUR/USD falls under 1.1500 as Fed and ECB decisions approach
During Tuesday’s Asian session, EUR/USD dipped slightly, unable to build on the recovery seen the previous day near the 1.1415-1.1410 range, close to its lowest point since July 2025. Currently, it trades just under the valuable 1.1500 mark. However, it seems that the downward movement is slowing down as key central bank events approach. The […]