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Core PCE inflation remains under 3%, boosting the probability of Fed rate cuts to nearly 90% into year-end.Dovish Fed voices highlight a fragile labor market, and Barkin warns that inflation and unemployment trends remain concerning.Euro steadies despite NATO–Russia tensions, with traders eyeing US jobs data and upcoming Eurozone inflation prints.EUR/USD recovers on Friday as traders’ confidence rises that the Federal Reserve (Fed) will reduce interest rates after the release of the latest inflation report in the United States (US). At the time of writing, the pair trades at 1.1697, up 0.27%.Euro eyes 1.1700 as softer US inflation fuels confidence in…
“Be careful.” That’s one Wall Street pro’s advice as AI spurs a wave of debt offerings and consumer backlash.
Jobless Reincarnation A potential U.S. government shutdown on October 1 could not come at a worse time for financial markets. Just two days later, the September employment report. the most closely watched piece of economic data, is scheduled for release. With traders laser-focused on U.S. job growth as a guide for Federal Reserve rate cut expectations, any delay would leave markets sailing without a rudder. Why the Timing Matters The Fed is walking a tightrope: despite Trump’s Pressure on the Fed Jobs market: Data shows signs of softening, raising recession concerns. Inflation: Remains sticky, keeping the Fed cautious on…
It’s getting increasingly expensive and burdensome for homeowners to undertake renovation projects.
US President Donald Trump said that the United States (US) will impose a 100% tariff on imports of branded or patented pharmaceutical products from October 1, unless a pharmaceutical company is building a manufacturing plant in the US, Reuters reported on Thursday. Additionally, Trump will be imposing a 50% Tariff on all Kitchen Cabinets, Bathroom Vanities, and associated products, as well as a 25% tariff on trucks, starting from October 1. Market reactionAt the time of writing, the US Dollar Index (DXY) is trading 0.65% higher on the day to trade at 98.50. Tariffs FAQs Tariffs are customs duties levied on certain merchandise imports or…
Costco on Thursday reported fourth-quarter same-store sales that came up shy of Wall Street’s estimates, though the membership warehouse retailer’s per-share profit topped expectations.
The US Dollar lurched higher on Wednesday, sparked by a fresh round of risk aversion across the broader markets. Central banks worldwide are grappling with two-speed economies of varying degrees, and many are battling a steepening slowdown in economic activity. At the same time, global inflation metrics remain too high for too long, limiting the effectiveness of many standard policy approaches.The US Dollar Index (DXY) climbed two-thirds of one percent on Wednesday, testing the 98.0 region and touching its highest valuations in nearly two weeks as investors rotate into a near-term risk-off stance. The latest key inflation data from the…
Jimmy Kimmel’s free-speech fight with the Trump administration has turned out to be a ratings bonanza.
Tucked in the busy streets of Downtown Los Angeles lies a historic gem that has shaped the face of the American jewelry industry for over a century: the LA Jewelry District. While its best known today as a shopper’s paradise for diamonds and gold, its deeper value lies in its role as a creative and commercial engine for jewelers across the country. Where It All Began The roots of the LA Jewelry District trace back to the early 20th century. As Los Angeles blossomed into a cultural and entertainment powerhouse, so too did demand for high-end, custom-designed jewelry. The area…
Gold at Record Highs XauUsd Technical Analysis Gold (XAUUSD) has surged an astonishing 44.4% in 2025, climbing from a year-end close of $2,624 to reach fresh record high at $3.791. For traders, investors, and central banks alike, the question is simple: what’s driving this runaway train, and what could bring it to a halt? What Is Spot Gold? Spot gold refers to the current price of one troy ounce of pure gold for immediate delivery (typically settled within two business days). Unlike futures contracts, it reflects real-time supply and demand in the physical and financial markets. What’s Driving Gold’s…