USD/CAD trades around 1.3900 after pulling back from all-time highs, awaits Fed decision – FXStreet

USD/CAD could rise as the US dollar (USD) receives support from President Trump's trade. U.S. Treasury yields rose to 4.31% and 4.47%, respectively, on Wednesday, their highest levels since July, before adjusting lower. Commodity-linked CAD is supported by rising oil prices. USD/CAD retreated from the all-time high of 1.3958 reached in the previous session. The […]
Fed agency responsible for the draft reposts vulgar tweet suggesting US is becoming Nazi Germany

The federal agency responsible for enforcing the military draft if the need arises reposted a vile tweet on Wednesday that suggested the United States was moving in a direction reminiscent of Nazi Germany. “To all you idiots who still believe military service is voluntary. Don't forget Germany in 1936,” the X post shared by the […]
Donald Trump’s election win could mean fewer Fed rate cuts

With President-elect Donald Trump's impending return to the White House, a slew of new policies adopted by Republican leaders to boost the economy are poised to stall or reverse the Fed's interest rate cuts. It seems to be moving in a gradual and shallow direction. Slowing inflation. U.S. central bankers remain widely expected to cut […]
Larry Fink says Fed won’t cut interest rates as much as some think

Wolfgang Koester, vice chairman of Sapphire, details his excitement for the fintech space, looks ahead to this week's earnings and previews October's jobs report. BlackRock CEO Larry Fink said Tuesday he doesn't think the Federal Reserve will cut interest rates as much as some analysts expect, citing “embedded” inflation. At the annual Future Investment Initiative […]
Dow plummets over 600 points on McDonald’s, Fed worries

Wall Street was buoyed by mega-cap stocks on Wednesday as corporate news put pressure on McDonald's and Coca-Cola, while U.S. Treasury yields rose and investors grew uncertain about the prospect of strong interest rate cuts by the Federal Reserve. led the decline and fell. The Dow Jones Industrial Average fell more than 600 points, dropping […]
Fed Board fired four staffers, disciplined five others for sexual harassment: report

The Federal Reserve fired four employees and disciplined five others after receiving complaints alleging sexual harassment between 2020 and 2023, according to the report. The Federal Open Market Committee, one of the Fed's three main agencies along with the Federal Reserve, received a total of 11 sexual harassment complaints during that period, according to documents […]
The ‘party of the people’ forgot the people — and the people got fed up

Americans are waking up to the reality that the Democratic Party no longer fights for their values and are leaving the Democratic Party in droves. For years, the Democratic Party has claimed to represent the working class, but more and more people are realizing that this is little more than lip service. The party has […]
US Dollar declines as market awaits Fed signals – FXStreet

The US dollar fell on Friday due to profit-taking. Fed speakers are scheduled to comment on monetary policy on Friday, which could set the pace for the rest of the session. US housing statistics show a decline in building permits and housing starts. The U.S. Dollar Index (DXY), which measures the value of the U.S. […]
Consumers see debt delinquency risk rising, higher long-term inflation: NY Fed

Capitalist Pig hedge fund manager Jonathan Honig reflects on the market rebound, concerns for ordinary Americans amid inflation, and his stock picks. Last month, U.S. consumers' expectations about the risk of debt default rose to the highest level in more than four years, while concerns about higher inflation over the long term also grew, according […]
Australian Dollar loses ground as traders expect Fed to deliver nominal further rate cuts – FXStreet

The Australian dollar has fallen due to economic instability in China. This week's ANZ Roy Morgan Consumer Confidence Index remained unchanged at 83.4. The US dollar is being supported by the fading possibility of further bumper rate cuts by the Federal Reserve. The Australian dollar (AUD) remained weak against the US dollar (USD) on Tuesday, […]