Tariffs: 1. US to impose 15% tariffs on most EU imports 2. US to lower auto tariffs once the EU passes matching tariff-cut legislation 3. From Sept 1, US will apply only MFN tariffs on EU aircraft/parts, generics, chemical precursors, and scarce natural resources 4. EU to eliminate tariffs on all US industrial goods and […]
This highlights a surprising shift by Michelle Bowman, a Federal Reserve governor known for her hawkish stance against rate cuts, now supporting an emergency rate cut in July 2025, potentially signaling a major policy pivot amid economic uncertainty; this aligns with recent data showing U.S. unemployment rising to 4.3% in July 2024, per Bankrate, hinting
A statement from Federal Reserve Governor Christopher Waller, is indicating a potential interest rate cut as early as the July 2025 meeting, a shift from the Fed’s cautious stance amid recent economic uncertainty, influenced by Waller’s academic background in economics at Notre Dame and his role since 2020. This announcement comes amid escalating geopolitical tensions,
Fed’s Christopher Waller says a rate cut “could come as soon as the July meeting.” Read More »
President Donald Trump criticizes Federal Reserve Chair Jerome Powell for not lowering interest rates, humorously attributing Powell’s decision to a lack of personal affection towards him. This reflects Trump’s ongoing frustration with the Fed’s monetary policy, particularly in the context of maintaining rates at 4.25%-4.5% despite Trump’s claims of low inflation and strong economic performance
The Federal Reserve’s FOMC interest rate decision on May 7, 2025, at 2 PM ET, is a critical event influencing global markets, especially cryptocurrencies, due to potential impacts on inflation and borrowing costs. Market expectations, per the trending summary, suggest rates will remain at 4.25–4.50%, with the Fed’s recent $20 billion and $42 billion bond
China’s removal of the 125% tariff on US ethane imports, announced on April 29, 2025, reverses a trade war escalation that began with a 15% tariff in February 2025, as reported by RBN Energy, signaling a potential de-escalation amid economic pressures like deflation and a trillion-dollar trade surplus in 2024. Ethane, a key petrochemical for
China removes 125% tariff on US ethane imports Read More »
The ECB fears that a surge in U.S.-backed stablecoins could lead to a flight of European capital into U.S. The European Central Bank (ECB) fears that Trump’s pro-crypto policies, particularly his support for U.S.-backed stablecoins, could destabilize Europe’s economy by causing a capital flight, as reported by POLITICO on April 22, 2025. Stablecoins, like USDT
Scott Bessent, sworn in as U.S. Treasury Secretary on January 28, 2025, emphasizes financial literacy, aligning with the Treasury’s Financial Literacy and Education Commission’s mission to promote informed financial decisions for Americans, established under the 2003 Fair and Accurate Credit Transactions Act. Bessent’s 40-year career in global investment, including roles as CEO of Key Square
Treasury Secretary Scott Bessent says, “Everyone should care about financial literacy.” Read More »
China’s M2 money supply reached a record $326 trillion in March 2025, reflecting a significant increase from $320.5 trillion in February, as reported by Trading Economics, indicating a rapid expansion of liquidity that can influence global markets. Analysts suggest this surge in China’s M2 could push Bitcoin toward $90,000, aligning with historical trends where Bitcoin
The US Initial Jobless Claims data reported 215,000 new unemployment filings for the week, beating expectations of 225,000 and improving from the previous week’s 223,000, signaling potential labor market resilience amidst economic uncertainty. According to Investing.com, lower-than-expected jobless claims are typically bullish for the USD, as they suggest fewer people are losing jobs, which can
US Initial jobless claims came in at 215k (expected 225k, previous 223k) Read More »
