Powell Counters Trump, States Tariff Uncertainty Calls for Keeping Rates Unchanged
Fed Chair Powell Addresses Interest Rates and Tariffs During a hearing before Congress on Tuesday, Federal Reserve Chairman Jerome Powell made it clear that the central bank isn’t in a position to reduce interest rates just yet. He pointed to ongoing uncertainty about the impact of new tariffs on consumer prices and emphasized that the […]
Stock futures remain unchanged as traders keep an eye on oil prices and Iran’s reaction to the U.S. bombing: Live updates
Stock Market Update Amid Middle East Tensions On June 18, 2025, stock futures showed little change even after the U.S. engaged in military action involving Israel and Iran over the weekend. Oil prices reacted mildly, with recent missile strikes targeting three Iranian nuclear sites. The Dow Jones Industrial Average futures dipped by 34 points, translating […]
EUR/USD held under 1.1500 as the Fed remains unchanged and Trump boosts Dollar strength
The EUR/USD is expected to hover around 1.1476 after briefly surpassing the 1.1500 mark. The Federal Reserve has kept interest rates steady. Current forecasts indicate slow growth alongside persistent inflation. President Trump will participate in discussions regarding Iran, while ECB officials are raising concerns about the eurozone’s economic fragility. The EUR/USD pair is trading fairly […]
Inventories Remain Unchanged, Signaling No Tariff Pressure on the Economy
U.S. Business Inventory and Sales Update Sales dipped slightly, while U.S. business inventory remained unchanged in May, according to Tuesday’s data from the Census Bureau. This suggests that the recent tariff expansions haven’t significantly disrupted the economy, as businesses seem to show no signs of supply chain stress or major precautions. The total inventory across […]
Stock futures remain unchanged as investors look for information from U.S.-China discussions, with the May inflation report approaching: Live updates
Market Update: Stock Futures Steady Ahead of Key Reports On Tuesday evening, stock futures showed little change as investors eagerly awaited more information on US-China trade negotiations. They were also anticipating the upcoming Consumer Inflation Report for May. Futures associated with the S&P 500 were nearly flat, while Nasdaq 100 futures climbed slightly by 0.02%. […]
Stock futures remain unchanged following a significant drop due to worries about deficits: Latest updates
A trader is seen working on the New York Stock Exchange floor as of August 4, 2022. Stock futures remained stable in overnight trading on Wednesday, amid growing worries regarding Balloon’s deficits and significant sell-offs occurring on Wall Street. The Dow Jones Industrial Average futures indicated a modest drop of 44 points. The S&P 500 […]
Central bank keeps interest rates unchanged as it assesses effects of tariffs
The Federal Reserve decided to maintain current interest rates during its recent meeting on Wednesday, without providing any guidance on when they might lower them. The target range remains set between 4% and 4.25%, as we look forward to understanding the economic impact of President Trump’s tariffs. Federal Reserve Chair Jerome Powell emphasized the importance […]
Duffy Issues Ultimatum on New York Funding as Congestion Pricing Deadline Passes Unchanged!
Transport Secretary Sean Duffy warns that approvals and funding for construction projects in New York City may be reduced if the state’s congestion pricing initiative persists beyond the Trump administration’s deadline, which concludes on Sunday. Duffy issued a letter to New York Governor Kathy Hochul, indicating on Monday that there would be “severe consequences” if […]
USD/CAD nears unchanged on the day as risk trades bounce – ForexLive
USDCAD 10 min USD/CAD rose as much as 1.4373 today, but trimmed it at 40 pips and it was unchanged for the day. The pair began climbing 40 pipes after today's Canadian retail sales data. Mixed with that move was a wider US dollar rally as the stock market was beaten. As for retail sales […]
Fed keeps rates unchanged as Trump tariffs, economic concerns loom
The Federal Reserve stabilized interbank lending rates in the 4.25-4.5% range on Wednesday despite indications that the economy may be heading for a slowdown. The decision to keep the fees where they were was in line with market expectations. The CME FedWatch prediction algorithm based on futures contract prices will stabilize the Fed with a […]