Republican presidential candidate Donald Trump’s recent comments about wanting the president to have a say in Federal Reserve decisions have raised concerns about potential interference in the central bank’s independence. This move could signal a significant shift from the conventional norms surrounding the Fed’s operations and decision-making processes. Trump’s interest in having a greater role
Economy
The recent fluctuations in the foreign exchange market have left investors uncertain about the future of the U.S. dollar. Despite positive job data indicating a drop in U.S. jobless claims, the dollar was off a one-week high against other major currencies. The turbulence in the markets can be attributed to concerns about a looming economic
The Reserve Bank of India (RBI) recently made the decision to keep its key interest rate unchanged at 6.50%, which was widely expected by economists and analysts. This decision was made by the Monetary Policy Committee (MPC) after a meeting where four out of six members voted in favor of retaining the rate. The RBI’s
Financial markets are often unpredictable, and the recent burst of volatility serves as a reminder of the risks associated with certain trading strategies. One notable issue is the reliance on leveraged trades such as FX carry trades and U.S. Treasury basis trades. These trades may appear highly profitable in periods of low volatility, but the
The Bank of Japan’s deputy governor, Shinichi Uchida, recently made remarks signaling a cautious approach to hiking interest rates amidst market volatility. In a speech to business leaders in Hakodate, Uchida emphasized the need to maintain current levels of monetary easing due to intense market fluctuations. He mentioned that the recent sharp volatility in domestic
Brazil’s central bank, known as Copom, has made it clear in the minutes from its July 30-31 policy meeting that it will not hesitate to raise interest rates if necessary to bring inflation down to its target. The authority emphasized the need for vigilance as inflation expectations continue to drift off course. The committee has
Recent data released by the Toronto Regional Real Estate Board (TRREB) revealed a decrease in Greater Toronto area home sales in July on a month-to-month basis. This decline of 1.7% in seasonally adjusted sales follows a surprising 3.2% rise in June, breaking a four-month streak of declining home deals. Despite the marginal increase of 0.2%
Character.AI, a startup in the AI industry, recently announced a major agreement with Alphabet’s Google, granting the tech giant a non-exclusive license to their large language model technology. This deal comes in the wake of similar agreements made by Microsoft and Amazon in recent months, indicating a growing trend among tech giants to invest heavily
In the current global market scenario, investors are facing a significant amount of volatility as concerns arise about the overvaluation of stocks. Despite a relatively strong earnings season, the market sentiments remain uneasy. Central banks around the world have started cutting interest rates, which has resulted in a rally in stocks, cryptocurrencies, and bonds. However,
As fears of a potential recession loom over the global economy, major share indices in Asia took a significant hit on Monday. This downward trend was sparked by concerns that the United States may be on the brink of an economic downturn, leading to a surge in risk aversion among investors. The Nasdaq futures plunged
The recent selloff that reverberated throughout global equity markets has left investors cautiously eyeing potential opportunities to buy stocks at lower prices. With the S&P 500 and Nasdaq Composite experiencing notable declines, concerns about the U.S. economy and disappointing tech earnings have cast a shadow over the investment landscape. The Japanese Nikkei index notably lost
The decision by the U.S. Commerce Department to continue classifying Vietnam as a non-market economy country has left Hanoi disappointed. Vietnam has been eager for an upgrade that would reduce the anti-dumping duties imposed on countries with heavy state influence, such as itself. This classification puts Vietnam in the same category as China, Russia, North