Stock market today: Dow, S&P 500, Nasdaq futures slip after 2-day rally with geopolitics and Fed in focus – Yahoo Finance
Crude oil futures rallyed for the third day in a row on Tuesday after Israeli military heightened tensions in the Middle East. Global benchmark Brent Futures (BZ = F) rose 1.1% to the top $71 per barrel, while US benchmark West Texas intermediate futures (CL = F) won 1.3% to surpass $68. The overnight Israeli […]
Trump nominates Fed Governor Michelle Bowman as vice chair for supervision
President Donald Trump is expected to nominate Federal Reserve Gov. Michelle Bowman as the top regulatory position at the central bank, where he will oversee the relaxed rule writing and bank oversight agenda. Bowman, a former community banker and frequently critic of enthusiastic banking regulations, resigned from his oversight post at the end of February, […]
Gold News: Fed Policy in Focus as XAU/USD Holds Above $3,000, Eyes New Highs – FX Empire
Daily Gold (Xau/USD)After temporarily surpassing $3,000 last week, Friday hit a record high of $3,005.04 before retreating. Metals are supported by the demand for safe havens, and traders are closely monitoring the Federal Reserve's policy stance. A break above $3,005.04 indicates a continuing uptrend, while a drop below $2,978.50 could confirm a short-term reversal, potentially […]
Gold (XAU) Price Forecast: Will Fed Policy and Rate Cut Bets Fuel the Next Major Rally? – FX Empire
Last week, Xau/USD was $2,984.91, up $75.36 or +2.59%. Stock market volatility and trade uncertainty drive gold purchases Gold's rally was supported by growing concerns about US trade policy. President Trump's new tariff measures, particularly on Chinese imports, have sparked fear of long-term economic tensions. Retaliation tariffs from China and Canada added to market instability, […]
Fed judge orders deportation flights carrying alleged Venezuelan gangbangers to return to US after Trump invokes Alien Enemies Act
A federal judge stopped President Trump from invoking the alien enemy law of the 18th century on Saturday. US District Judge James Boasberg quickly halted an order that allowed U.S. authorities to deport Venezuelan groups under wartime actions after civil rights groups submitted their challenge early Saturday, the Washington Post reported. James Boasberg ordered the […]
Fed expected to cut interest rates in 2025 despite trade war — but not until later in year
The Federal Reserve is planning to cut interest rates this year as policymakers put pressure on Trump's fallout from tariffs, according to a survey released Friday. Voted by Bloomberg News, the economist predicted two quarter cuts, with the outlet reporting the first one being expected in September and the second being expected in December. Fed […]
Gold (XAU) Silver (XAG) Daily Forecast: Will Gold Break $3,000 as Fed Rate Cut Bets Rise? – FX Empire
The producer price index (PPI) was stable, with the annual rate falling from 3.7% to 3.2%, strengthening expectations for a lenient monetary policy. Silver is stable amidst the volatility of the market Silver (Xag/USD) is trading at $33.91 after soaking it in $33.67 early in the session. Metals remain well supported by economic uncertainty and […]
Gold (XAU) Silver (XAG) Daily Forecast: Can Gold Hold $2,900 as Fed Rate Cut Bets Rise? – FX Empire
“The uncertainty surrounding tariffs and the potential impact on global trade have strengthened the appeal of gold's safe haven,” said ANZ senior product strategist. The upcoming US Consumer Price Index (CPI) report is expected to offer further direction as it closely looks at inflation trends and the Fed's policy stance. As the dollar strengthens, silver […]
Fox News Politics Newsletter: Fed Funding Plan Faltering?
Welcome to Fox News Politics Newsletter with the latest updates on the Trump administration, Capitol Hill and Fox News Politics content. What is this going on… –Newsom's connection with CCP Under the microscope of a new book revealing suspicion of corruption: “Fleece American Citizens” – The 8th week of Trump in the office is set […]
Fed chair says he’s in no hurry to cut rates amid Trump policy shifts
Federal Reserve Chairman Jerome Powell suggested that the central bank is unlikely to offer President Trump his highly decisive interest rate cuts anytime soon. Before and after Trump's tariffs – After a 30-day suspension, it announced its second suspension earlier this week, with strict taxes on Canada and Mexico. However, Powell on Friday reiterated that […]