The policy stance comes as outside pressures mount from Middle East conflict and artificial intelligence investment booms. Kevin Warsh Defends Lean Communications Before Congressional Committees Federal Reserve Chairman Kevin Warsh defended his determination to bring inflation down without offering specific policy fixes during testimony before the House Financial Services Committee and the Senate Banking Committee. … Read more
Global financial markets rallied on August 3, 2026, as easing geopolitical tensions between the United States and Iran triggered a sharp plunge in crude oil prices. Stock futures advanced across Wall Street and Asian exchanges while bond yields pulled back, following diplomatic efforts to reopen the Strait of Hormuz. Stock markets and energy trading floors … Read more
U.S. stock indexes rallied sharply on Monday, August 3, 2026, as falling oil prices helped calm intense Wall Street anxieties over inflation. The S&P 500 rose 1.2% following a volatile July, while President Donald Trump announced he had delayed planned strikes against Iran. Wall Street kicked off the new trading month on strong footing, with … Read more
The intervention, which saw the yen rebound from 163.73 to 157.57 per dollar, was driven by dual concerns: safeguarding U.S. Treasury markets and reinforcing Japan’s financial system. Louise Loo, head of Asia economics at Oxford Economics, highlighted that Washington feared Japan might resort to selling U.S. Treasuries to fund unilateral intervention, risking destabilization of the … Read more
President Donald Trump has been losing his own battle to cut interest rates, as newly installed Federal Reserve Chair Kevin Warsh resists lowering borrowing costs while inflation continues to run hot, according to AP News. Warsh, whom Trump picked to replace Jerome Powell, held interest rates steady in a range of 3.50% to 3.75% during … Read more
The Ringgit’s Volatility: A Harbinger of Broader Emerging Market Currency Shifts? A staggering 78% of global fund managers now anticipate further US dollar strength in the coming quarter, according to the latest Bank of America survey. This sentiment is directly impacting regional currencies, including the Malaysian Ringgit, which recently breached the psychological RM3.90 barrier against … Read more
Energy Markets Rocked by Middle East Attacks; Central Banks Face Inflation Dilemma February 29, 2024 – Global energy prices surged today following coordinated strikes targeting natural gas production facilities in both Iran and Qatar. The attacks have injected a fresh wave of uncertainty into the global economic outlook, leaving central bankers grappling with increasingly complex … Read more
Trump Ally Calls for Discipline of Federal Reserve Economists Over Tariff Report A prominent economic advisor to former President Donald Trump is demanding accountability from researchers at the Federal Reserve following the release of a study indicating that American consumers and businesses are bearing the brunt of tariffs imposed during the Trump administration. Kevin Hassett, … Read more
Gold and Silver Plunge: A Market in Turmoil Global markets are reeling as gold and silver experience a dramatic downturn, marking the steepest decline for gold in over four decades. The precious metals have shed significant value in recent days, sparking concerns among investors and prompting analysts to reassess their outlooks. This sudden shift follows … Read more
Is Bitcoin’s Reign as an Inflation Hedge Over? Navigating the $80K Plunge and Future Volatility A staggering $100 billion evaporated from the cryptocurrency market in a single day this week, with Bitcoin leading the decline, briefly dipping below $80,000 – its lowest point in ten months. This isn’t merely a correction; it’s a critical juncture … Read more