Trump seeks Supreme Court approval to dismiss Fed’s Lisa Cook
Justice Department Urges Supreme Court over Fed Governor’s Dismissal On Thursday, the president ordered the dismissal of Federal Reserve Governor Lisa Cook amid allegations of mortgage fraud. This action has raised significant questions regarding the independence of the Federal Reserve, which is typically expected to operate free from political influence. Cook participated in a crucial […]
Hassett describes the Fed’s decision on rates as sensible, even with Trump urging for larger reductions.
Fed’s Cautious Approach Triggers Mixed Reactions President Trump’s leading economic adviser recently endorsed the Federal Reserve’s careful approach to interest rates, despite the President’s call for more aggressive cuts. Kevin Hassett, who heads the White House National Economic Council, backed the Fed’s decision to lower rates by 0.25 percentage points, which came as a bit […]
EUR/USD retreats as the effects of the Fed’s cautious rate cut settle
Ahead of US Jobless Claim Release: Euro Recovers from 1.1780 to 1.1750 The Fed cut rates as anticipated, indicating further easing on Wednesday, although policymakers are divided on future rate paths. A moderate risk appetite may support a recovery for the US dollar on Thursday. The EUR/USD currency pair managed to regain some earlier losses […]
Dow Ready to Rise as Market Processes Fed’s Rate Choice
Market Reactions Following Fed’s Interest Rate Cuts On Thursday, stock market shares were expected to open higher following interest rate cuts from the Federal Reserve—something the market had been anticipating for a while. Federal Reserve Chairman Jerome Powell also signaled support, which seemed to boost investor confidence. Futures for the Dow Jones Industrial Average rose […]
Forex Today: Watching the BoE decision following the Fed’s careful rate decrease
Market Update for September 18th Here’s a summary of the situation as we head into Thursday, September 18th: The market seems to be caught in a mix of caution and optimism today, potentially altering the cautious stance of the US Federal Reserve. This shift might adjust the anticipated interest rate cuts from the Bank of […]
EUR/USD rises following Fed’s rate cuts to support weak job figures
The Federal Reserve has made its first interest rate cut since December. The capital rate has dropped from 4.5% to 4.25%, which many had anticipated. The Summary of Economic Projections (SEP) indicates fewer rate changes ahead, leading to a shift in risk appetite. In what many expected, the Federal Reserve has opted for a quarter-point […]
Euro weakens toward 1.1850 before Lagarde’s speech and the Fed’s rate decision.
The EUR/USD is projected to decline to around 1.1855 during the Asian session on Wednesday. Market participants have fully priced in a 25 basis points cut from the Fed. Germany’s Zew Sentiment is expected to show improvement in September. The EUR/USD pair lost its upward momentum, reaching approximately 1.1855 and breaking a four-day winning streak […]
Monday market summary: Most stocks are steady after a strong rise to record highs and before the Fed’s decision.
Market Analysis: A Snapshot of Current Trends Today, the market seems to be holding steady after a remarkable surge to record highs. While much of the trading has settled, certain megatech stocks and the S&P 500 are experiencing notable shifts. As I’ve mentioned before, there’s a prevalent bullish sentiment, largely driven by expectations that the […]
Larry Kudlow suggests Lisa Cook should be removed from the Fed’s September meeting.
WASHINGTON – Federal Reserve member Lisa Cook should be excluded from upcoming central bank meetings this month due to allegations related to mortgage fraud, according to former Trump economic adviser Larry Kudlow. He expressed that officials “were dead” on these accusations, suggesting there’s no room for Cook in meetings going forward. Kudlow told Miranda Devine […]
Judge temporarily stops Trump from firing Fed’s Lisa Cook
A federal judge has temporarily halted the efforts to dismiss Lisa Cook, a member of the Federal Reserve appointed by President Trump. US District Judge Jia Cobb acknowledged that the recent shooting and related legal issues surrounding Cook present “many serious questions” that the court hadn’t considered before. However, at this initial stage, Cook argued […]