Dollar pauses before Fed meeting
Dollar Stabilizes Amid Growing Expectations for Rate Cuts The dollar saw some stability on Wednesday as attention shifted to other markets. However, with eyes fixed on 2026, investors are beginning to anticipate a potential interest rate cut in the U.S., which could negatively impact the dollar’s value. In morning trading, the Australian dollar hit a […]
Trump announces he’s decided on his choice for the next Fed chair: ‘I know who I’m going to choose’
Trump Set to Name New Federal Reserve Chair President Trump announced that he has made a decision regarding the next Federal Reserve chairman, hinting that a replacement for Jerome Powell will be named soon. For months, Trump has voiced dissatisfaction with Powell, particularly criticizing his reluctance to cut interest rates sooner. While speaking to reporters […]
Japanese Yen rises to its highest level in over a week against USD due to differing expectations from BoJ and Fed.
The Japanese yen (JPY) surged to a 1.5-week high against a notably weaker US dollar (USD) during Monday’s trading in Asia. Comments from Bank of Japan (BoJ) Governor Kazuo Ueda indicated that interest rate hikes are on the horizon. This pushed Japanese government bond (JGB) yields to their highest levels in years. Consequently, the interest […]
Brooklyn rapper attacked by two men fed up with his offensive behavior
Anthony Caines, the man recently arrested by the NYPD for allegedly spitting in a woman’s face in Williamsburg, has reportedly faced some form of street justice. Videos circulating on social media show two men visibly attacking a person believed to be Caines, 45, outside a hair salon on Sixth Avenue. It’s uncertain exactly when these […]
5 ETFs Set to Rise if the Fed Lowers Rates in December
US Federal Reserve Likely to Cut Interest Rates by December There are rising expectations that the US Federal Reserve may lower interest rates in December. Major banks and market players are increasingly leaning towards this possibility. For instance, JPMorgan recently adjusted its prediction, suggesting policymakers might actually implement a 25 basis point cut in December, […]
EUR/USD rises slightly as US data does not change dovish Fed outlook
Euro Holds Steady Against US Dollar The euro (EUR) remained stable against the US dollar (USD) on Wednesday, with the EUR/USD pair seeing a slight increase after an initial decline prompted by new US economic data. Currently, it’s trading around 1.1580, bouncing back from a daily low of 1.1547. Looking at the recent US statistics […]
Tariff impacts on the economy evolve over time, according to San Francisco Fed research.
Economic Analysis of Tariffs and Their Effects Recently, economist Steve Moore appeared on ‘Bernie & Co.’ to discuss President Donald Trump’s proposed tariff checks, cautioning against actions that may exacerbate inflation. A fresh analysis from the Federal Reserve Bank of San Francisco examined the impact of tariffs on the economy over the past 40 years. […]
Bessent states there’s a strong possibility Trump will appoint a new Fed chair before Christmas.
Potential Change at the Federal Reserve On Tuesday, Treasury Secretary Scott Bessent indicated that it’s “very likely” President Trump will announce a new Federal Reserve Chairman to succeed Jerome Powell by Christmas. Bessent, who is heading the search for Powell’s replacement, mentioned that he has just one more interview to conduct. He refrained from guessing […]
Bitcoin Prepared for a Major Price Shock from the Fed After Unexpected Change
Updated on November 25. This post was originally published on November 23. Bitcoin has seen a modest recovery this week, after a steep decline that had it plummeting toward $80,000. I guess it’s fair to say that there’s growing concern about the possibility of a significant crash in Bitcoin prices. The recent downturn follows a […]
EUR/USD rises slightly as chances of Fed easing increase.
On Monday, the EUR/USD pair saw a slight increase of over 0.10%, with the US dollar gaining strength, even in light of some less aggressive remarks from Federal Reserve officials. The dollar stood at 1.1525 after peaking at 1.1550 earlier in the day. The euro edges up as market considers potential December rate cuts Recent […]