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Japan’s National Consumer Price Index (CPI) rose by 3.1% YoY in July, compared to the previous reading of 3.3%, according to the latest data released by the Japan Statistics Bureau on Friday.Further details unveil that the National CPI ex Fresh food arrived at 3.1% YoY in July versus 3.3% prior. The figure came in above the market consensus of 3.0%.CPI ex Fresh Food, Energy rose 3.4% YoY in July, compared to the previous reading of 3.4%.Market reaction to Japan’s National CPI dataFollowing Japan’s CPI inflation data, the USD/JPY pair is down 0.03% on the day at 148.32. Inflation FAQs Inflation measures the rise in the price…
The inevitable gold-price reckoning that could fund Trump’s bitcoin ambitions — and sting your bank account.
Mexican Peso appreciates 0.25%, as traders punish the Greenback on US political noise.Mexico inflation falls to 3.51% YoY, strengthening odds for a Banxico cut to 7.50% in September.Citi survey: Peso expected to stay strong, USD/MXN seen near 19.50 by year-end.USD/MXN retreated on Wednesday as investors became worried about the Federal Reserve’s independence, as the Trump administration “doubled up” their pressure on Fed officials, as revealed by Bloomberg. Market participants ignored “hawkish” minutes released by the Fed and punished the Greenback for the benefit of the Peso. The pair trades at 18.76, down 0.25%.Peso strengthens as Trump pressures Fed’s Cook; Banxico…
“Even if someone has millions of dollars in retirement, that won’t keep them from being trapped in the hospital.”
Fed Independence Trump’s Pressure on the Fed: A Threat to Independence? For decades, the independence of the Federal Reserve has been considered a cornerstone of U.S. financial stability. The last major challenge to this independence dates back to the early 1970s when President Richard Nixon pressured Fed Chair Arthur Burns to cut interest rates before an election. Fast forward to today, and history appears to be repeating itself. President Donald Trump has launched a relentless campaign urging the Fed to lower interest rates, often criticizing Fed Chair Jerome Powell publicly. This persistent pressure raises serious questions: Can the…
Cook is one of 12 voting members of the Federal Open Market Committee, which sets benchmark interest rates.
Reserve Bank of New Zealand’s (RBNZ) acting Governor Christian Hawkesby presents the prepared remarks on the policy statement and responds to media questions at the press conference after the August monetary policy announcement.Following its August policy meeting, the RBNZ delivered a 25 basis points (bps) cut to the Official Cash Rate (OCR) from 3.25% to 3%, as widely expected.Please follow the Live Stream of the press conference hereRBNZ press conference key quotesNext two meetings are live, no decisions have been made.OCR projection troughs around 2.5%, consistent with further cuts.Not changed view on neutral, OCR not restrictive anymore.Q2 economic activity considerably…
More investment can’t solve Intel’s main problem: It doesn’t have enough customers.
When people think of America’s most secure precious metal reserve, Fort Knox immediately comes to mind. But what if we told you there’s a lesser-known fortress with a similar role, only for silver? Welcome to the West Point Mint, often referred to as the “Fort Knox of Silver.” While it’s one of the most secure and important U.S. Mint facilities, what makes it truly remarkable is the vast amount of silver it has stored on behalf of the federal government, and the critical role silver continues to play in both industry and investment. What is the West Point Mint? The…
United States (US) President Donald Trump confirmed that he would be beginning the preparation steps for a trilateral meeting between Russian President Vladimir Putin, Ukrainian President Volodymyr Zelenskyy, and himself at some point in the near future. Trump’s own claims of achieving an immediate peace deal have given way to much softer suggestions that maybe there could be some sort of partial peace arrangement within the weeks to come.Key Trump highlightsI think we’ll have a successful talk.Been a very successful day thus far.I will call Putin after this meeting and we’ll try to work out trilat after that.Alaska summit reinforced…