Fed Rate Cut Speculation Gets a Fresh Impetus from Treasury Secretary Bessent August 13, 2025 In the Trump Administration’s opinion, the federal funds target ought to be 150-175 basis points lower than the current 4.25-4.50% target range. Remarks from Treasury Secretary Bessent harp back to overly optimistic jobs figures announced initially for both May and…
The Nikkei 225 Index rose by 1.3% to reach 43,275, while the broader Topix Index increased by 0.83% to 3,092 on Wednesday—both indices achieving new record highs following a rally in the U.S. markets overnight. These gains were driven by U.S. inflation data that heightened expectations for a potential Federal Reserve rate cut next month,…
Australian Rate Cut Today No Surprise August 12, 2025 The Reserve Bank of Australia’s interest rate cut, like those February and May, amounted to a quarter percentage point (25 basis points). At 3.60%, the new OCR level of 3.60% is its lowest since the start of May 2023. Also as before, the rate change was…
Fed Rate Hike Still Widely Expected in September Despite a Mixed U.S. CPI Report August 12, 2025 While overall U.S. CPI inflation of 2.7% last month was a tick under expectations, core inflation excluding food and energy rose 0.2 percentage points to 3.1%, crossing above the 3.0% threshold for the first time in five months….
Firm Dollar at the Start of a Week with Many Potential Market-Moving U.S. Data Releases August 11, 2025 (179) Compared to the close of U.S. trading before the weekend, the dollar has advanced by 0.6% against the Swiss franc, 0.5% on a weighted basis and versus the New Zealand dollar, 0.4% relative to the euro…
Egypt’s annual urban inflation rate decreased for the second month in a row, reaching 13.9% in July 2025, a decline from 14.9% in June. This follows a peak in May, primarily due to rising fuel costs. July’s inflation rate marks the lowest since April, with a significant slowdown in food prices being a major factor….
Gold, Oil, Dollar and Stocks Up, but Bond Prices and Bitcoin Down August 8, 2025 Gold rose 0.8% overnight as gold bar imports were added to the reciprocal tariff list. The price of WTI oil firmed 0.5%, whereas Bitcoin’s cost slipped by 0.5%. U.S. stock markets opened moderately higher in contrast to declines of other…
Bank of England Struggles to Find Policy Consensus August 7, 2025 On the Bank of England’s Monetary Policy Committee, officials are grappling with a recent reacceleration of inflation but also sluggish growth and higher unemployment. The Committee initially split 4-4-1 with a four-person minority including the bank’s chief economist favoring no change in the former…
Many Data Releases and Central Bank Interest Rate Announcements August 7, 2025 Reciprocal tariffs became effective today. The scale of their increase is profound, and reactions in America to the new tax are extremely polarized and aligned with political affiliations. For Trump supporters, today is a great day, heralding a large new source of fiscal…
Dollar Continues to Weaken as Trump Monopolizes News Feeds August 6, 2025 Since late Tuesday, the dollar has fallen 0.4% against the euro, kiwi and on a weighted DXY basis. The greenback has also dropped 0.8% vis-a-vis the Mexican peso , 0.3% versus the Australian dollar and 0.2% relative to sterling, the Turkish lira and…