Republican U.S. vice presidential candidate JD Vance recently expressed his support for Donald Trump’s belief that presidents should have a say in Federal Reserve Board policy-making, including interest-rate decisions. This marks a departure from the long-standing tradition of maintaining the Fed’s independence from political interference. Vance argued that monetary policy should be a political decision,
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Recently, India’s markets regulator, SEBI, found itself at the center of controversy following allegations made by US-based shortseller Hindenburg Research. In response to these allegations, SEBI asked investors to remain calm and exercise due diligence before reacting. The regulator emphasized the importance of not jumping to conclusions based on such reports and reassured the public
As investors eye the possibility of a significant bottom in the silver market, it is crucial to acknowledge the potential risks that could impede the expected rally. Economic uncertainty looms large, with stronger-than-expected global economic growth or sudden financial instability posing a threat to silver demand dynamics. Moreover, the Federal Reserve’s decision to raise interest
China’s bond market, the second largest in the world, has been facing significant volatility recently. The central bank’s heavy-handed intervention to prevent a sharp decline in yields has left investors on edge. Despite the struggling economy, die-hard investors believe that the bull market in government bonds still has potential due to China’s economic instability, deflationary
Mega events like the Olympic Games and large concerts have a significant impact on consumer prices, with a surge in demand for various goods and services such as hotel rooms and airline tickets. However, the question remains whether French consumers are likely to feel the pinch of these price increases. According to Paul Donovan, chief
Recently, Mexico’s central bank, Banxico, made a surprising decision to lower interest rates by 25 basis points in a split vote of 3-2. This move signals a shift towards further easing policies, despite concerns about inflation and economic growth. The decision was unexpected by many and has sparked discussions about the future trajectory of the
The recent data on US initial jobless claims has sparked a positive reaction in the equity markets, with indices like the Nasdaq Composite Index, Dow, and S&P 500 experiencing significant gains. This reaction suggests that investors are relieved by the drop in unemployment benefit claims, leading to optimism about the state of the labor market.
The recent announcement by the State Department regarding the $3.5 billion aid package to Israel for weapons and military equipment has raised eyebrows across the globe. The timing of this funding, amidst escalating tensions in the Middle East, is a cause for concern. The fact that this money was appropriated during Israel’s war in Gaza
During a campaign event in Nevada, U.S. Vice President Kamala Harris expressed her support for eliminating taxes on tips, aligning herself with her rival Donald Trump on this particular policy. This move was aimed at appealing to service workers, a crucial voting bloc in the state. Harris made a promise to support working families by
The recent decision by a federal appeals court to extend an injunction blocking President Joe Biden’s student debt relief plan has sparked a heated debate. The St. Louis-based 8th U.S. Circuit Court of Appeals granted an injunction requested by seven Republican-led states, arguing that the U.S. Department of Education’s plan exceeded its legal authority. This
The AUD/USD pair experienced a slight retreat to 0.6575 during the recent trading session. This came after the Reserve Bank of Australia (RBA) reiterated its hawkish stance which contributed to a buoyant Australian Dollar. Additionally, investors were digesting Chinese inflation data which was reported during the European session. The combination of these factors led to
During a recent press conference in Phoenix, Arizona, U.S. Vice President Kamala Harris made a statement emphasizing the importance of the Federal Reserve’s independence. She stressed that, if elected as president, she would never interfere in the decisions made by the Fed. This position is a stark contrast to the views expressed by former President