Philadelphia Federal Reserve Bank President Anna Paulson said she favors keeping interest rates stable and linking lower borrowing costs to sustained inflation control. Paulson said at a meeting organized by the Atlanta Fed on Tuesday: “A slightly tighter policy helps control inflationary pressures while maintaining labor market stability. Keeping interest rates steady allows us to […]
According to a report released by Japan’s Cabinet Office on Tuesday, the country’s real gross domestic product (GDP) grew at an annualized rate of 2.1% in the first quarter of this year, higher than the 1.7% previously predicted by economists and also faster than the 0.8% growth rate in the previous quarter, which was revised […]
On Monday (May 18, 2026), US Treasuries continued to be sold off, with the yield on 30-year Treasuries rising to its highest level in nearly three years, as investors’ concerns over accelerating inflation triggered a global debt sell-off. Oil prices continued to rise under the influence of US President Trump’s renewed pressure on Iran to […]
Michael Barr, a governor of the Federal Reserve, on Thursday rejected proposals to shrink the central bank’s balance sheet, saying they were wrong and posed a threat to financial stability. Barr’s remarks directly countered the call of the incoming Federal Reserve Chair Kevin Warsh, who has repeatedly warned that the Fed needs to shrink its […]
According to the annual survey by the Federal Reserve, the vast majority of Americans are worried about high prices in 2025, and an increasing number of people are also anxious about the job market. Last year, job growth was nearly zero. 42% of adults said that finding or keeping a job was something they were […]
According to an analysis by Bloomberg of central bank accounts, Japanese authorities may have intervened in the foreign exchange market with another $30 billion just days after taking earlier action, the latest sign of their determination to support the yen. According to the accounts released by the Bank of Japan on Thursday and the predictions […]
Indian Prime Minister Narendra Modi has called on his countrymen to avoid buying gold for at least a year to protect foreign exchange reserves. This appeal is surprising in India, where gold plays a crucial role in savings, weddings and religious festivals. Modi said on Sunday: “Within a year, we should not buy gold jewelry […]
The head of global commodities research at Citigroup said that oil prices will continue to fluctuate sharply until it becomes clear whether Iran and US President Donald Trump can reach an agreement to end the war. Max Layton of Citigroup said on Bloomberg Television’s “Surveillance” on Thursday that it’s “very hard to predict” whether Iran […]
American Bitcoin Corp., a mining company backed by the Trump family, was established before the price of Bitcoin plunged from its historical high last year. The company has reported losses for the second consecutive quarter after the value of the Bitcoin it holds declined. The Miami-based company said in a statement Wednesday that it had […]
Bond traders are ramping up their bets that the next policy move by the Federal Reserve could be a rate hike rather than a cut. Swap contracts linked to the central bank’s interest rate decisions currently indicate that the probability of the Federal Reserve raising interest rates before April next year exceeds 50%, and it […]