Why Fed Independence Matters The Fed’s Current Dilemma: Independence, Politics, and Rate Decisions The Fed is once again in the spotlight as political pressure mounts. With President Trump applying relentless pressure on Fed Chair Powell to cut interest rates, the central bank faces a difficult balancing act. The upcoming Federal Open Market Committee (FOMC)…
The US Dollar is holding firm after its strongest daily gain since May, fueled by the US-EU trade agreement. The Dollar Index (DXY) is up over 2.0% in July, on pace for its first monthly gain since December. US JOLTS Job Openings fell to 7.437 million in June, below expectations, indicating a slow labor market…
As the Federal Reserve (Fed) prepares to hold interest rates steady at its July 30 meeting, American savers need more than ever to understand how the central bank’s moves affect their retirement plans, particularly Individual Retirement Accounts (IRAs). The Fed’s interest rates and retirement planning The Fed plays a central role in the financial lives…
Highlights include Trade talks and deadlines, Fed, BoJ, BoC, US NFP, Mfg PMI, PCE, QRA, EZ CPI & GDP and Aussie CPI Newsquawk Week Ahead: Highlights 28th July-1st August 2025 MON: US Dallas Fed (Jul), German GfK (Aug) TUE: US Consumer Confidence (Jul), JOLTS (Jun) WED: FOMC & BoC Policy Announcements; ECB Wage Tracker,…
The US Dollar steadies after a sharp midweek drop, with DXY holding above the key 97.00 support. Trade optimism lifts risk appetite following bilateral tariff deals with Japan, Indonesia and the Philippines. US President Donald Trump to visit the Federal Reserve at 20:00 GMT, intensifying political pressure on Fed Chair Jerome Powell. The US Dollar…
It was just a brief dip below the 1.16 mark last week. Early this morning, EUR-USD is trading almost 2 cents higher around 1.1740. As our currency indices indicate (which measure the performance of currencies against the G10 average), the downward movement and now the upward movement can primarily be attributed to the USD side….
Markets showed surprising composure last week as equities climbed and Dollar dominate FX rankings. NASDAQ’s relentless ascent and a fresh record for the S&P 500 highlighted investor confidence despite growing political noise and tariff tensions. Elsewhere in FX, Euro and Sterling held firm, along with Loonie but were largely lifted by relative outperformance. Meanwhile, Aussie…
Australian Dollar rebounds after Thursday’s sell-off triggered by weak jobs data. A softer US Dollar and falling Treasury yields ease pressure on the Aussie. US Michigan Consumer Sentiment beats expectations but fails to lift the Greenback. The Australian Dollar (AUD) is recovering lost ground on Friday after a sharp sell-off on Thursday, which was fueled…
Gold price recovers a portion of losses after a rejection of $3,300. Interest rate expectations and rising yields support the Dollar, limiting bullion gains. XAU/USD bulls and bears battle to push the price out of its narrow range. Gold (XAU/USD) is experiencing a pullback on Thursday as traders digest US Retail Sales data and await…
Fed Governor Adriana Kugler said she favors keeping interest rates unchanged “for some time,” citing a resilient labor market and rising inflation pressures from tariffs. In a speech today, she noted that both headline and core inflation “have shown no progress in the last six months”. Instead, this week’s CPI and PPI report showed core…