Donald Trump has expressed a keen interest in exerting influence over the Federal Reserve if he is elected president again. He believes that the president should have a say in the Fed’s decisions, which would mark a significant departure from the institution’s long-standing independence. Trump’s remarks indicate that he is aligned with proposals to involve
Economy
As the dollar retreats from a one-week high against major currencies, traders are navigating through a turbulent period marked by fluctuations in response to economic indicators. The recent drop in U.S. jobless claims and concerns about a potential economic downturn have contributed to the uncertainty in the market. Following firmer-than-expected employment data, there has been
The Reserve Bank of India (RBI) decided to keep its key interest rate steady at 6.50% in its recent policy meeting, a move that was widely anticipated. The decision was made in an effort to combat inflation, despite other major central banks around the world considering easing their monetary policies. The Monetary Policy Committee (MPC),
In the world of financial markets, the recent burst of volatility has taken many traders by surprise. There is an inherent irony in the fact that trades which are only feasible and highly profitable in a low volatility environment are suddenly exposed when volatility spikes. FX “carry trades” and the “basis” trade in U.S. Treasuries
The Bank of Japan’s deputy governor, Shinichi Uchida, emphasized the importance of stability in financial markets when considering interest rate hikes during a speech in Hakodate, Japan. Uchida’s remarks contrasted with the more hawkish comments made by Governor Kazuo Ueda the previous week when the BOJ unexpectedly raised interest rates. The recent sharp volatility in
Recent data released by the Toronto Regional Real Estate Board (TRREB) indicates that the Greater Toronto area experienced a decline in home sales in July. This decrease comes after a surprising rise in June, breaking a four-month streak of declining home deals. Seasonally adjusted sales dropped by 1.7% in July, following a 3.2% increase in
The recent minutes from Brazil’s central bank policy meeting on July 30-31 revealed a strong willingness to take action in order to bring inflation down to its target. The central bank emphasized the need for increased vigilance as inflation expectations continue to rise, potentially leading to a de-anchoring of expectations. The policymakers expressed their readiness
The global markets are currently in a precarious state as investors are becoming increasingly worried about the possibility of stocks being overvalued. Despite a relatively solid earnings season, there is a prevailing sense of unease that seems to overshadow any positive news. Around half of the developed-market central banks have already started cutting interest rates,
The major share indices plunged in Asia on Monday, reflecting investors’ fears that the United States might be on the brink of a recession. The increasing risk aversion led to a rapid decline in markets, with investors betting that interest rates would need to be cut significantly and quickly to support economic growth. Nasdaq futures
In a recent development, Alphabet’s Google has entered into a non-exclusive licensing agreement with Character.AI, a startup specializing in chatbot technology. This agreement, similar to deals struck by other tech giants like Microsoft and Amazon, has raised concerns among regulators in both the U.S. and Europe. Character.AI’s co-founders, Noam Shazeer and Daniel De Freitas, will
The recent selloff in equity markets around the world has put a damper on investor sentiment. The S&P 500 is down nearly 6% from its peak in July, while the tech-heavy Nasdaq Composite has experienced a 10% correction. This plunge has not been limited to the U.S., as equities in Europe and Asia have also
The U.S. Commerce Department’s recent announcement to continue classifying Vietnam as a non-market economy country has left Hanoi disappointed. This decision comes at a time when the U.S. has been trying to strengthen ties with Vietnam as a way to counter China’s influence in the region. Vietnam had been hoping for an upgrade, which would