US FED RATE CUT
Japan's Nikkei edges lower as tariff stalemate weighs
Japanese shares fell slightly on Wednesday, reacting to a selloff in U.S. technology heavyweights and uncertainty about trade tariffs, with the prospect of Fed interest rate cuts providing markets a floor.
Jerome Powell says Fed would have cut rates already, but Trump's tariffs are getting in the way
Federal Reserve Chairman Jerome Powell indicated that President Trump's tariffs delayed potential interest rate cuts this year. Speaking at the ECB forum, Powell noted increased inflation forecasts due to the tariffs prompted the Fed to adopt a 'wait-and-see' approach. Despite White House pressure, the Fed held rates steady, emphasizing its commitment to price stability and maximum employment.
Jerome Powell stands by 'wait and see' stance with Trump ramping up attacks on the Federal Reserve
Jerome Powell maintains the Federal Reserve will hold its key rate. This is while assessing President Donald Trump's tariffs impact. Trump criticizes Powell for not cutting rates. He says it would save taxpayers money. Trump also attacks the entire Fed board. He blames them for inaction. The Fed has kept rates steady this year.
Gold rises on weaker dollar as markets await Fed rate-cut clues
Gold prices saw an increase due to a weaker dollar. Investors are watching for labour market data. This will help to understand the Federal Reserve's rate-cut plans. Donald Trump wants lower rates. Trade talks between the U.S. and Japan are tense. The U.S. will restart trade talks with Canada. Data from manufacturing and unemployment are awaited.
Dollar droops as optimism over US trade deals boost Fed easing bets
The dollar weakened against the euro, hitting near four-year lows. Optimism around U.S. trade deals increased bets for Federal Reserve rate cuts. The greenback also fell against the sterling and Swiss franc. Investors are closely watching U.S. payroll data and Trump's tax-cut bill. Trade developments will likely drive the dollar's performance this week. The Australian dollar saw a slight increase.
Trump says he wants interest rate cut to 1%, would 'love' if Powell resigned
President Trump expressed his desire for Federal Reserve Chair Jerome Powell to resign, criticizing Powell's performance and labeling him "stupid." Trump stated he would prefer interest rates at 1%, accusing Powell of maintaining higher rates due to "Trump Derangement Syndrome." He intends to nominate a successor who will lower rates, potentially challenging the Fed's traditional independence.
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Trump says he won't appoint anyone to Fed who doesn't back rate cuts
Donald Trump insists on appointing a Federal Reserve head who will lower interest rates. He criticizes current chair Jerome Powell's performance. Trump suggests rates should drop to 1%. He has potential candidates in mind for Powell's replacement. Scott Bessent downplays the idea of a 'shadow chair'. Adriana Kugler's term ending presents an appointment opportunity.
Gold price today climbs to $3,336 as Trump blasts Powell—here's the forecast and what gold investors should expect next
Gold prices may be trading sideways today, but the market is anything but quiet. Between Trump’s attacks on the Fed, a possible shakeup in Powell’s leadership, and critical inflation data just around the corner, volatility is inevitable. In the short term, gold is likely to remain rangebound between $3,300 and $3,350, but analysts see the metal pushing higher toward $3,500 or beyond by year-end—if the Fed starts cutting and inflation cools off. Keep an eye on Friday’s PCE report. It could be the spark that determines gold’s next big move.
Fed rate cut in July? Inside the US central bank, few takers
Despite President Trump's call for rate cuts due to tame inflation, the Federal Reserve is hesitant, awaiting more data. Most policymakers, including Susan Collins, prefer to observe the impact of tariffs on inflation and unemployment, with the job market remaining solid.
Market bets on a more dovish Fed as Trump eyes Powell's replacement
Investors believe Donald Trump's next Federal Reserve chair pick will cut rates faster. This contrasts with the Fed's own projections. The market expects deeper rate cuts by 2026. Trump criticizes current chair Jerome Powell. He hints at potential replacements. The future Fed policy direction remains uncertain. Independence of the central bank is under scrutiny. Potential candidates are being considered.
Wall Street ends higher on rate cuts, S&P 500, Nasdaq miss record highs
Wall Street saw gains as the S&P 500 and Nasdaq approached record highs. Optimism grew due to ceasefire news and economic data hinting at possible Federal Reserve rate cuts. Bank stocks performed well after the Fed proposed easing leverage rules. Investors are anticipating potential rate cuts later this year.
S&P 500, Nasdaq near record highs as rate-cut bets creep up
American stock markets are showing positive trends. S&P 500 and Nasdaq are nearing record highs. This surge is fueled by speculation of Federal Reserve easing monetary policies. President Trump's views on interest rate cuts are a factor. Economic data presents a mixed picture. Jobless claims have decreased. Investors are awaiting the Personal Consumption Expenditures report.
US stock market today: Dow jumps 200 points, S&P nears record, Nasdaq climbs as Trump eyes Fed shake-up and Nvidia leads top movers
US Stock market today saw the Dow, S&P 500, and Nasdaq move higher as President Trump signals a possible replacement for Fed Chair Jerome Powell, raising hopes for upcoming US interest rate cuts. The Dow Jones gained 200 points, while the S&P 500 inched toward a record. The Nasdaq Composite rose 0.3%, and Nvidia stock extended its rally. Weak US GDP data and rising jobless claims added to expectations of Fed easing. All eyes are now on Friday’s key PCE inflation report, which could reveal if Trump's tariffs are impacting prices. Markets are watching closely as rate cut bets build.
Hawkish Fed could inflict markets' biggest 'pain trades': McGeever
As the first half of the year closes, financial markets are in limbo, waiting to see how the kaleidoscope of global trade deals will - or won't - come together after July 9, when Washington's pause on its "reciprocal tariffs" expires.
No love for the dollar as markets fret about Fed independence
A battered dollar is taking another beating as investors, unnerved by fresh signs of an erosion in U.S. central bank independence, waste no time in pushing the greenback back to its lowest levels in over three years.
US economy set to slow, but recession unlikely: Richard Yetsenga
ANZ Group's Richard Yetsenga anticipates a US economic slowdown in the latter half of the year, stopping short of a recession. Despite economists' bearish outlook, financial markets like the S&P and Nasdaq are performing well.
US stock market futures steady as Dow, S&P 500, Nasdaq hover near record highs amid Fed rate cut hopes and Middle East ceasefire stability
US Stock market today remains steady as Dow, S&P 500, and Nasdaq futures trade flat near record highs. Hopes for interest rate cuts grew after Fed Chair Jerome Powell signaled that rate reductions could happen “sooner rather than later.” Investors are closely watching Powell’s second round of testimony today and the upcoming May PCE inflation report, the Fed’s preferred inflation gauge. Meanwhile, calm in the Middle East, thanks to a US-brokered ceasefire between Israel and Iran under President Trump, is adding stability. Traders now await key data to see if a fresh rally can push markets to all-time highs.
Asian stocks muted after rallying on Mideast truce
Asian stocks showed caution as the Israel-Iran truce held and Fed Chair Powell offered balanced rate cut views. Middle East tensions eased, and Powell's flexible tone boosted equities. While the Fed remains patient, lower inflation could prompt earlier rate cuts, with markets pricing in two cuts by the end of 2025. Trump's stance on Iranian oil also surprised markets.
Powell repeats rate cuts can wait as Fed studies tariff impacts
Federal Reserve Chair Jerome Powell indicated the central bank is adopting a wait-and-see approach regarding potential interest rate cuts, despite President Trump's demands. Powell acknowledged that tariffs could drive up prices but emphasized the need for more data to assess the persistence of inflationary effects.
Trump will finally have his way as Fed official hints July could bring long-awaited rate cut
A top Federal Reserve official indicated a possible interest rate cut in July. This comes after months of pressure from US President Donald Trump. Michelle Bowman said she's open to the cut if inflation remains controlled. The Fed has held rates steady between 4.25% and 4.50% in 2025. Trump's tariffs have complicated the Fed's job. Some officials worry about stagflation.
S&P 500, Nasdaq near record highs, Dow Jones soars 500 points on Israel-Iran ceasefire hopes
Wall Street's S&P 500 approached a record high following a ceasefire announcement regarding Israel and Iran, coupled with Federal Reserve Chair Jerome Powell's cautious stance on interest rate cuts. Financial and technology sectors led the market rally, while energy stocks declined due to falling crude prices. Investors are also closely monitoring upcoming speeches from several central bank officials.
US Fed rate cut not happening soon as Jerome Powell disappoints Donald Trump again
President Trump is urging for US Fed interest rate cut to save the US government money on its interest payments affixed to the vast national debt.
US Fed chair to signal no rush for rate cuts despite Trump pressure
Federal Reserve Chair Jerome Powell indicated to Congress that the central bank is prepared to assess the impact of tariffs before considering further interest rate cuts, despite President Trump's urging for immediate reductions. Powell emphasized the Fed's commitment to preventing temporary price increases from escalating into persistent inflation.
Fed should wait on rate cuts with price hikes expected, Atlanta Fed President Bostic says
Atlanta Fed President Raphael Bostic suggests the Federal Reserve has time before cutting interest rates, citing stable job market and planned price hikes due to higher import taxes. Bostic anticipates only one rate cut late in 2025, with economic growth slowing and inflation nearing 3%. Businesses express confidence in managing tariffs but foresee inevitable price increases.
Dollar falls in broad risk rally after Trump announces Israel-Iran ceasefire
The dollar weakened as risk appetite surged following President Trump's announcement of a ceasefire between Israel and Iran. The Australian and New Zealand dollars gained, while the yen strengthened against the greenback. Dovish comments from Federal Reserve officials, hinting at potential interest rate cuts, further pressured the dollar.
Iran Israel war, US nuclear strikes to push early Fed interest rate cut in July?
US Fed interest cut could happen soon even as Iran Israel war and the involvement of the USA has brought back focus on economy.
US Fed rate cut: Donald Trump to appoint himself to lead Federal Reserve soon? Here's what American President has to say
US Fed rate cut decision is set to be out on Wednesday even as US President Donald Trump has made shocking remarks.
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