Federal Reserve Governor Michelle Bowman recently highlighted the possibility of interest rates needing to move higher in order to control inflation. This stands in contrast to the general expectation in the market of potential rate cuts. While acknowledging the presence of upside risks to inflation, Bowman emphasized the importance of proceeding with caution in adjusting
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Decades of trade deficits and the strengthening of the U.S. dollar have created a large number of “losers” within the U.S. economy. This situation led to the rise of protectionist policies, particularly championed by former President Donald Trump. These protectionist measures included imposing tariffs on countries like China, Mexico, and the European Union, with the
The USD/JPY pair saw a significant rally towards the 152.00 level recently before entering a consolidation phase. Interestingly, there is a major bullish trend line forming with a crucial support level at 151.20 on the 4-hour chart. This indicates that the pair may have some potential for further upward movement in the near future. However,
The U.S. job market experienced a moderate slowdown in March, but wage gains remained high, indicating a stable economy entering the second quarter of the year. The Labor Department’s report showed that the unemployment rate has remained below 4% for 26 consecutive months, the longest stretch since the late 1960s. Despite the Federal Reserve’s rate
The Indian Rupee (INR) is currently facing challenges as it trades in negative territory due to stronger demand for the US Dollar (USD). This demand is likely coming from importers, putting pressure on the INR. Additionally, the escalating geopolitical tensions in the Middle East and the increase in oil prices are further weighing on the
Over the past few months, Chinese electric car company Nio has been strategically expanding its battery swap partnerships with various automakers in China. In an attempt to gain an edge on the infrastructure side of the EV ecosystem, Nio has collaborated with Changan, Geely, Chery, and JAC to develop battery swap standards and enhance the
Analyzing the current economic data, it is evident that a steady unemployment rate and a surge in nonfarm payrolls could potentially lead to an increase in wage growth. This upward trend in wages has the potential to boost disposable income, which in turn could fuel consumer spending and drive demand-led inflation. The Federal Reserve may
The Federal Reserve could potentially delay the timeline for an interest rate cut, which would have a direct impact on borrowing costs and reduce disposable income. This decision could significantly affect the USD/JPY trends in the near future. The upcoming US Jobs Report will be a crucial factor to consider, along with the speeches by
Cuban President Miguel Diaz-Canel recently addressed the nation on a mid-day TV newscast, reassuring the population that the government has managed to secure key subsidized food rations. This comes in the wake of protests that erupted just two weeks prior, due to widespread shortages in the country. Diaz-Canel acknowledged the efforts made by the government
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Joe Lewis, a British multibillionaire, is facing sentencing in a U.S. court for illegally sharing stock tips obtained through his investments. The case has sparked interest due to Lewis’ wealth, his admitted guilt, and the potential impact of his actions on the financial markets. Sentencing Guidelines and Plea Deal Federal sentencing guidelines suggest a prison
Gold prices have climbed to an all-time high above the $2,300 mark during the early Asian session. This surge can be attributed to the weaker-than-expected US ISM Services PMI data for March and the speculation that the Federal Reserve (Fed) has reached its peak in the rate hike cycle, boosting demand for the precious metal.