Trump criticizes Fed Chair Powell for the stalemate on interest rates
Tensions Rise Between Trump and Powell Recently, tensions have escalated between President Trump and Federal Reserve Chairman Jerome Powell. This follows Trump’s visit to the large construction site at the Federal Reserve headquarters last week. Trump’s critiques of Powell’s leadership, particularly his refusal to lower interest rates, have sparked some heated exchanges. This past Friday, […]
Trump calls on the Fed board to take charge if Jerome Powell doesn’t cut rates soon
President Trump urged the Federal Reserve on Friday to take decisive action if Jerome Powell doesn’t reduce interest rates immediately. In a post on Truth Social, he referred to Powell as “the stubborn idiot Jerome ‘too late’ Powell,” insisting that the Fed must act swiftly. He warned that if Powell continues to hesitate, the board […]
Asia-Pacific markets decline as Trump alters tariff rates
The market probably “shrugs at this news,” Morningstar says of Trump’s revised tariffs Lorrainetan, an equity research director at Morningstar, mentioned that President Trump’s updated tariff responsibilities concerning Asia are somewhat anticipated, suggesting a minimal impact on the market. “The current rates of 15% for major exporters like South Korea and Japan, and 19% for […]
USD/JPY reaches a four-month peak as BoJ maintains interest rates
Japanese yen declines for six sessions, with the USD/JPY reaching its highest mark since April. The Bank of Japan has maintained its policy rate at 0.50% for the fourth straight meeting. The BOJ is raising its inflation forecast for the fiscal year to 2.7% due to pressures on food prices, but cautions that domestic consumption […]
Trump reveals updated matching tariff rates
President Trump disclosed new tariff rates affecting numerous countries, which will come into play on August 7th. This move raises concerns about its impact on the global trading framework. He signed a Presidential Order that adjusts tariffs for several nations, a decision made after postponing his plans for “mutual” tariffs on two occasions. The rates […]
BOJ likely to maintain current interest rates due to global uncertainty
Bank of Japan Holds Interest Rates Steady The Bank of Japan (BOJ) board members opted to keep their short-term interest rate targets stable, ranging from 0.40% to 0.50%, following a two-day monetary policy review on Thursday. This decision was, perhaps not surprisingly, expected by many. After raising rates to 0.50% back in January, the central […]
USD/JPY approaches a three-week peak as US data is strong and the Fed maintains rates at 4.50%
The Japanese yen continued to decline on Wednesday, with USD/JPY approaching a three-week high. The US dollar’s strength was bolstered by better-than-expected GDP and labor market figures, marking five consecutive days of gains. On Thursday, the Bank of Japan is likely to maintain its interest rate at 0.50% during its meeting. On Wednesday, the Japanese […]
AUD/USD falls as the Fed maintains rates, with Powell in focus.
The Federal Reserve remains steady, with two governors favoring a 25 basis points cut. The statement indicates “increased uncertainty” and moderate growth in the first half of the year. The AUD/USD fluctuates between 0.6454 and 0.6471, with critical support near 0.6400. The AUD/USD dipped on Wednesday, continuing a decline four days post the Federal Reserve’s […]
EUR/USD falls as Fed keeps rates steady; Waller and Bowman disagree
The Fed remains stable, with two governors supporting a 25 bps cut. The statement indicates “increased uncertainty” and moderate growth early this year. EUR/USD is set to decline near 1.1475, with main support at 1.1450. During the North American session, the EUR/USD pair experienced a decline. This was largely influenced by the Federal Open Market […]
Fed Chair Powell goes against Trump, maintains interest rates despite positive economic news.
Federal Reserve Keeps Interest Rates Unchanged The U.S. Federal Reserve’s decision on Wednesday not to adjust interest rates caught many off guard, especially amidst calls for reductions from various quarters. Chairman Jerome Powell confirmed that rates would remain steady, even with recent positive economic indicators. President Donald Trump had been vocal about wanting the Fed […]