Central banks (Fed, BoE, ECB) face dilemmas in balancing inflation control with economic stability amid the Middle East war's impact on oil prices, with mixed strategies on interest rates and forward guidance.
Donald Trump is attempting to oust US Federal Reserve governor Lisa Cook over mortgage fraud allegations, sending a notice following a supreme court ruling upholding the central bank's independence.
The US Federal Reserve's FOMC maintained interest rates with a 9-3 vote, marking the first time in a decade three members dissented, preferring a quarter-point hike. Fed Chair Kevin Warsh emphasized focusing on overall trends and fostering internal debate, while inflation and geopolitical events continue to influence policy.
Hong Kong's food and beverage sector is experiencing numerous restaurant closures, including fast-food chain Maxim's MX and high-end eatery Howard's Gourmet. Rents for commercial street shops have dropped significantly, prompting relocations to prime areas, while upper-floor units also saw substantial rent declines with no immediate recovery signs.
President Trump has 10 days to decide whether to sign or veto bipartisan housing legislation, the "21st Century ROAD to Housing Act," which includes a ban on the Federal Reserve issuing a CBDC until 2030. Trump has expressed disinterest, prioritizing a controversial voting bill instead.
US President Donald Trump canceled the signing of the 21st Century ROAD to Housing Act, which included a ban on a central bank digital currency (CBDC) until 2030, to prioritize the controversial SAVE America Act voting bill. The move creates uncertainty for other crypto-related legislation.
Alan Greenspan, former Fed Chair, was hailed as 'Mr. Dollar' for steering US monetary policy and the global economy for nearly 20 years. Initially praised for fostering prosperity, his reputation was later tarnished by the 2008 financial crisis, which many linked to his policies of low interest rates and deregulation.
Alan Greenspan, former Fed Chairman, was hailed as 'Mr. Dollar' for steering US monetary policy and the global economy for nearly 20 years. His reputation for brilliance was shattered after the 2008 financial crisis, which many experts attribute to his policies of low interest rates and deregulation.
Alan Greenspan, who led the U.S. Federal Reserve for nearly 19 years, has died at 100. His family cited complications from Parkinson's disease. Greenspan oversaw decades of economic growth but faced criticism for policies contributing to the 2008 financial crisis.
The Indian Rupee opened lower against the US dollar, falling over 20 paise to 94.71 due to the Federal Reserve's hawkish policy stance and a stronger global dollar. Despite this, market sentiment was boosted by a potential US-Iran agreement and ongoing trade talks between India and the US.
The US Federal Reserve kept interest rates unchanged on Wednesday. Policymakers, however, anticipate a rate hike later this year due to persistent inflation concerns. New projections show nine officials expect a hike by the end of 2026.
The U.S. Federal Reserve kept its benchmark interest rate unchanged at 3.5-3.75 percent, marking its fourth consecutive pause. At least half of policymakers anticipate a higher rate by year-end, with projections showing a rise in expected federal funds rate and PCE inflation.
The US Federal Reserve, under new chair Kevin Warsh, maintained its key interest rate at 3.5%-3.75%. While economic activity is solid, inflation remains elevated. Policymakers largely anticipate at least one rate hike before year-end, and the Fed revised its inflation forecast higher, expecting it to stay above target until 2028.
The U.S. Federal Reserve maintained its benchmark interest rate at 3.5-3.75% for the fourth consecutive meeting. This decision, the first under new Chair Kevin Warsh, comes amid economic concerns from the Middle East conflict and a recent rise in the consumer price index.
The US Federal Reserve kept interest rates unchanged for the fourth time this year, maintaining the range at 3.5% to 3.75%. New Chair Kevin Warsh presides over the decision amid elevated inflation and Middle East conflict uncertainty. Projections show a shift, with nine members now anticipating a rate hike this year, contrasting with earlier expectations of cuts.
The US Federal Reserve decided to maintain interest rates at 3.5-3.75% due to persistent inflation, driven by energy prices and Middle East conflict. Despite expectations, future rate hikes are possible by late 2027.
Gold prices may rise short-term as oil eases, but the US Federal Reserve meeting is crucial. A US-Iran deal on the Strait of Hormuz eased oil prices, boosting gold, though geopolitical details remain. India's gold imports fell due to duty hikes.
US and UK central banks are anticipated to maintain current interest rates this week. A recent Middle East peace deal is expected to reduce inflationary pressures, influencing these decisions. The Fed's new chair, Kevin Warsh, will be closely watched for his inflation outlook.
Kevin Warsh was sworn in as the new Federal Reserve chair, but his independence is questioned by Democrats and economists. Concerns linger over potential political pressure from President Trump, especially regarding interest rates, despite Warsh's assurances.
Kevin Warsh has been sworn in as the new US Federal Reserve chair. President Donald Trump emphasized the importance of Warsh's independence and urged him to focus on economic growth.
Asian markets saw gains Friday, boosted by optimism over US-Iran peace talks. However, rising oil prices and inflation worries persist, impacting interest rate expectations. Samsung workers voted on a wage deal, while Japan's inflation slowed.
President Trump's decision to swear in new Fed chair Kevin Warsh at the White House has raised concerns about the central bank's political independence. Critics, including Senator Elizabeth Warren, question Warsh's ability to remain impartial, citing his refusal to directly answer questions about the 2020 election during his confirmation hearing.
The US Federal Reserve proposed "skinny master accounts" for fintech and crypto-linked banks, offering limited payment access without traditional bank backstops. A temporary pause on Tier 3 account access requests is in place until Dec. 31, 2026.
Gold prices fell to a one-month low as rising oil prices and Middle East tensions increased market anxiety. Investors are concerned about potential inflation and higher interest rates, with a 50% chance of a Fed rate hike by December. India's foreign exchange reserves rose due to a significant jump in gold reserves.
