The United States was rocked by another political tragedy after Charlie Kirk, a conservative figure and close supporter of Donald Trump, was shot dead while attending an event at Utah Valley University. This incident immediately sparked national outrage, given that Kirk was known as an influential young figure in the conservative movement and a frequent mobilizer of Trump's voter base. The shooting is feared to deepen political polarization in the US, with Republicans viewing it as an attack on free speech, while the issue of gun control has resurfaced. This political uncertainty has the...
The minutes of the US Federal Reserve's (Fed) monetary policy meeting on January 28-29 will be released on Wednesday (2/19) at 19:00 GMT. Policymakers decided to keep the policy interest rate in the range of 4.25%-4.5% for the first meeting of 2025. However, the central bank removed its previous statement that inflation had "made progress" towards its 2% target, and instead stated that the pace of price increases "remains high." The Federal Open Market Committee (FOMC) voted unanimously to keep the policy rate unchanged. The statement showed that officials expressed confidence that progress...
United Kingdom's Office for National Statistics will publish the January CPI data on Wednesday.The annual UK headline and core CPI inflation are expected to increase in January.The Pound Sterling braces for volatility on the UK CPI report data release amid a prudent BoE.The high-impact Consumer Price Index (CPI) data from the United Kingdom (UK) for January will be published by the Office for National Statistics (ONS) on Wednesday at 07:00 GMT. The Pound Sterling (GBP) could witness a big reaction to the UK CPI inflation report, which will likely have a strong bearing on the Bank of...
Federal Reserve Vice Chairman for Supervision Michael Barr delivered remarks before the Council on Foreign Relations today, discussing the state of the economy, inflation, and policy uncertainty. Barr sounded a positive note about the economy, citing strong growth over the past year and low and stable unemployment. He also noted the substantial progress that has been made on inflation, while acknowledging that there is still much work to be done. He described the path to 2% inflation as "bumpy but steady." Barr also discussed the spike in inflation that occurred in January, attributing it...
The UK Unemployment Rate held steady at 4.4% in three months to December.The Claimant Count Change for Britain came in at 22K in January.GBP/USD trims losses to regain 1.2600 after mixed UK employment dataThe United Kingdom's (UK) ILO Unemployment Rate remained at 4.4% in the three months to December, the data published by the Office for National Statistics (ONS) showed on Tuesday. The market forecast was for a 4.5% print in the reported period.Additional details of the report showed that the number of people claiming jobless benefits climbed by 22K in January, compared with a revised drop...
Federal Reserve Governor Christopher Waller said on Tuesday that he expects trade tariffs under President Donald Trump as having only a limited impact on inflation, and that the central bank should not stall in adjusting policy. Speaking at an event in Australia, Waller said his "baseline" view was that "any imposition of tariffs will only modestly increase prices and in a non-persistent manner." He recommended that the Fed look through the effects of Trump's trade policies when adjusting interest rates. "I concede that the effects of tariffs could be larger than I anticipate, depending...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
It...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Less than four months ago, President Donald Trump met with Qatar's leader, praised his magnificent palace, and signed a comprehensive defense agreement with the Gulf monarchy, a key ally that hosts...