The resignation of Michael S. Barr as Fed Vice Chair for Supervision played a key role in this rally, as Barr has been known for his strict regulatory stance on banks engaging with and holding cryptocurrencies. His departure has eased concerns over...
The US dollar remains relatively stable against the Japanese yen as it continues trading in New York, with the level of 155 yen providing a critical support zone. This area showed durability and helped prevent further descent. Just below the level...
US Air Force General C.Q. Brown, chairman of the Joint Chiefs of Staff, stated that concerns over a near-term, full-scale Middle East conflict have diminished following limited exchanges of fire between Israel and Hezbollah in Lebanon without...
Market forecasts suggest a marginal slowdown in economic activity, with the Services PMI expected to ease to 52.2 from the previous month's 52.4. Meanwhile, mixed expectations surround US PMI data, as the Manufacturing PMI is anticipated to rise...
The Federal Reserve has decided to keep the federal funds rate steady within the range of 4.25% to 4.50%, citing a resilient labor market and balanced economic risks. The central bank's slightly hawkish stance on inflation has led to modest gains in...
