GBP/USD declines as Fed delays September cut, US data bolsters Dollar
GBP/USD declines following a Federal Reserve decision to maintain interest rates without guidance for September. US unemployment claims decrease to 218k, reflecting a robust labor market that supports the USD. Year-on-year Core PCE in June rises to 2.8%, with headline PCE at 2.6%, both figures exceeding estimates. During Thursday’s North American session, GBP/USD experienced modest […]
Canada reveals intentions to acknowledge ‘State of Palestine’ at September UN General Assembly: ‘No time to waste’
Canada to Recognize Palestine This September On Wednesday, Canadian Prime Minister Mark Carney announced that Canada will officially recognize Palestine in September, following similar moves made by France and the UK. This recognition will be made public at the upcoming UN General Assembly, signaling a shift in support toward Palestinian statehood. Carney emphasized Canada’s commitment […]
The inflation measure favored by the Fed rises as tariffs increase prices, raising doubts about a rate cut in September.
The Federal Reserve’s preferred measure of inflation saw a slight decline in June as tariffs on imported goods began raising costs for some products. The Personal Consumption Expenditure (PCE) price index climbed by 0.3% last month, aligning with economists’ predictions from a Reuters survey. Year-over-year, PCE increased by 2.6%. Core PCE, which strips out the […]
Canada intends to acknowledge Palestinian statehood in September, according to PM Carney.
Canada’s Upcoming Recognition of a Palestinian State Canada plans to recognize a Palestinian state during a UN meeting in September, as announced by Prime Minister Mark Carney on Wednesday. Carney emphasized that this decision aims to support the potential for a two-state solution and to prevent further negative developments in the region, including violence and […]
Supreme Court will examine Ghislaine Maxwell’s request in September session
Supreme Court to Review Ghislaine Maxwell’s Appeal The Supreme Court announced on Wednesday that it will consider Ghislaine Maxwell’s appeal regarding her conviction for sex trafficking as part of its upcoming review during the September closure meeting. A brief notice was posted by the Supreme Court on September 29, indicating that they will examine a […]
UK Prime Minister Starmer: Britain will acknowledge Palestinian State in September if Israel doesn’t agree to a ceasefire and engage in the peace process.
UK’s Recognition of Palestine Hinges on Israel’s Actions British Prime Minister Kiel Starmer recently communicated that the UK plans to officially acknowledge “Palestine” as recognized by the UN General Assembly, contingent on Israel making significant moves to improve conditions in Gaza. This announcement came at the end of September. If Israel agrees to a ceasefire, […]
UK advises Israel: Stop fighting or face Palestinian acknowledgment by September
British Prime Minister Kiel Starmer announced that the UK will formally recognize the Palestinian state if Israel fails to agree to a ceasefire and take steps toward peace in Gaza by September. This statement came during a press conference on Tuesday, following talks with Scotland’s President Donald Trump where they addressed the ongoing Israeli-Hamas conflict […]
Electric vehicle tax credit will expire in September. Here’s what to understand.
On July 4th, President Trump signed legislation that removed electric vehicle (EV) tax credits introduced under the Biden administration. These credits included $7,500 for purchasing or leasing a new qualified EV and $4,000 for a used one. Originally, this program was set to last until 2032 but has now been ended. If you’re looking to […]
Deadline for electric vehicle tax credit is in September. Here’s what you need to know.
On July 4th, President Trump enacted a law that scrapped the electric vehicle (EV) tax credits initiated during Biden’s administration. This includes a $7,500 credit for new qualified EVs and a $4,000 credit for used ones. The tax credits were intended to last until 2032, but Trump’s action ended that possibility. While credits are still […]
Macron promises France will recognize the ‘State of Palestine’ at the UN in September
Macron’s Announcement on Palestine Recognition French President Emmanuel Macron recently shared his plans on X to push for France’s recognition of “Palestine” at the upcoming UN General Assembly in September. In a letter directed to the president of the Palestinian authorities, Macron stated that “the French want peace in the Middle East,” emphasizing the necessity […]