Federal Reserve Chair Jerome Powell is taking a cautious approach to interest-rate cuts as he prepares for congressional testimony, despite pressure from President Trump and signs of differing views within the Fed. In his prepared remarks, Powell said the Fed will wait for clearer evidence on how trade disputes affect the economy before making changes … Read more

The Trump campaign is reportedly weighing proposals to curb India’s purchases of Russian oil, according to a Bloomberg report. Proponents say the measures are intended to tighten financial pressure on Moscow by reducing a major market for Russian crude. Critics and analysts, however, caution that restricting India’s access to Russian oil could complicate relations between … Read more

The U.S. dollar gained modestly after President Donald Trump nominated a new Federal Reserve governor, giving markets a brief lift. Despite that uptick, the dollar remains on track for a weekly decline as investors weigh lingering uncertainty and economic signals. Currency traders appear cautious, interpreting the nomination as one factor among many — including interest-rate … Read more

Federal Reserve Chair Jerome Powell is scheduled to speak at a Federal Reserve anniversary event today, while President Donald Trump faces intensifying scrutiny over his proposed tax-cut measures. Analysts and fiscal watchdogs warn that the package of tax and spending reductions approved by the House could add roughly $5.1 trillion to the national debt over … Read more

U.S. Treasury Secretary Scott Bessent criticized the Bank of Japan’s monetary policy, saying the central bank is “behind the curve” on inflation and needs to raise interest rates. In a Bloomberg TV interview, Bessent noted that Japan has faced core inflation above 2% for more than three years and argued the Bank of Japan should … Read more

Investors are eagerly buying riskier assets across global markets after encouraging U.S. inflation data, a trend that has pushed Wall Street to record highs and driven volatility measures down to their lowest levels for the year. While concerns remain about President Trump’s tariff plans, traders appear to be focused on the prospect of lower interest … Read more

The US dollar climbed to its strongest level in more than two years after Friday’s unexpectedly robust jobs report, which showed faster payroll growth and a 4.1% unemployment rate. That stronger-than-expected labor market has forced investors to rethink interest rate expectations for 2025. Where traders had been pricing in two quarter-point rate cuts, many now … Read more

Gold and silver climbed sharply on Monday, breaking through several important technical and psychological price levels as the US dollar weakened and concerns about international trade and fiscal pressures increased. Gold rose decisively above its April downtrend, finding fresh support near $3,325, while silver produced its largest single-day percentage gain since October, rallying roughly 5.4% … Read more

Global markets experienced sharp volatility after the announcement of new US tariffs targeting several major trading partners. The dollar jumped about 0.9% to reach a two-year high, while S&P 500 futures fell roughly 1.6% as investors reassessed risk and sought safe-haven assets. The impact was broad-based. European automakers plunged more than 5% amid concerns about … Read more

A Reuters poll of 40 analysts and traders projects that gold prices will remain historically high as investors continue to seek safety amid global trade tensions and rising U.S. debt. The median forecast in the survey places gold at about $3,220 per ounce in 2025 and $3,400 per ounce in 2026, a notable upward revision … Read more