Bowman supports a July interest rate reduction due to low inflation and a fragile job market.
On Monday, Michelle Bowman, who serves as the Vice-Chair for Oversight at the Federal Reserve, indicated support for possible interest rate cuts as soon as next month. She noted that the inflation effects of President Donald Trump’s trade conflicts are less severe than originally anticipated and highlighted signs of weakness in the U.S. labor market. […]
Dollar remittance rate decreases due to low demand and robust export growth
The exchange rate for remittance dollars seems to be on the decline. This is largely attributed to a decrease in demand from banks, which is linked to better liquidity, fewer overdue import payments, and steady growth in exports. Several bank treasury officials noted that banks purchased about TK0.5-0.7 on Thursday, suggesting an influx of remittances. […]
Musk announces Tesla’s AI robotaxi is now offered in Austin for a flat rate of $4.20.
Tesla Launches Robotaxi Service in Austin This weekend marked a significant milestone for the growing autonomous taxi sector as Tesla officially launched its Robotaxi service, known as Cybercab, in Austin, Texas. According to Tesla CEO Elon Musk, the service went live on Sunday afternoon, offering rides at a flat fare of $4.20. The initial rollout […]
Birth rate of Trump voters exceeds that of Democrat voters
Republican Families Outpacing Democrats in Birth Rates There’s a notable trend that suggests Republicans are having more babies than Democrats, a gap that’s widening during the Trump presidency. Reports, including data from the National Center for Health Statistics, highlight a striking link between the political landscape—specifically red versus blue counties—and their fertility rates. Interestingly, it’s […]
Waller from the Fed States Rate Cuts Could Start in July
Christopher Waller from the Federal Reserve Council expressed on Friday that central banks might start to lower interest rates as early as next month. He believes that there’s no need to wait for signs of cooling inflation or a weakening labor market before taking action. “I think we’re in a position to be able to […]
Waller from the Fed indicates that interest rate reductions might happen by July.
The Federal Reserve’s Potential Rate Cuts The Federal Reserve might lower interest rates as early as 2025, although one member of the Governor’s Committee indicates things could shift sooner than expected. In a recent interview, Federal Reserve Governor Christopher Waller mentioned that, in his view, the central bank could start cutting rates next month. “I […]
Bitcoin Remains Steady as Waller Suggests Rate Cut in July
Simply put Federal Reserve Governor Christopher Waller suggested back in July that the Fed should consider cutting interest rates before the job market “tanks.” This Wednesday, the Fed decided to keep interest rates unchanged for the fourth straight month. Fed Chair Powell mentioned that, while economic uncertainty is rising due to the ongoing trade tensions […]
Gold price forecast for today: What to expect for the gold rate on June 20, 2025; reasons for a ‘sell on rise’ approach.
Gold Price Forecast Gold prices have been on a downward trend recently. As traders assess where the gold rates might be headed and how to navigate the market, here’s some insight from Jateen Trivedi, a VP Research Analyst at LKP Securities. During the trading session on June 20, gold opened significantly lower, reflecting a broader […]
Australian Dollar stays robust after China’s interest rate decision
The Australian Dollar Remains Stable Amid China’s Loan Prime Rate Announcement The People’s Bank of China reveals adjustments to its loan prime rates. The PBOC keeps its 1-year and 5-year LPRs steady at 3.00% and 3.50% on Friday. The US dollar might regain strength due to potential direct involvement in Middle Eastern conflicts. The Australian […]
Bitcoin receives support from Fed rate pause as BTC targets $106K short squeeze
Key Points: A recent analysis suggests that Bitcoin might see a bullish trend following the Fed’s decision to maintain interest rates, referencing historical patterns. Potential upward momentum for BTC/USD could increase if Binance experiences a drop in open interest. The analysis highlights order book liquidity, predicting shorter timeframes to reach $106,000. According to the report, […]