Treasury Secretary Scott Bessent expects a substantial drop in inflation during the first six months of 2026, according to statements made Tuesday on Fox Business. Bessent indicated that an announcement regarding President Trump's Federal Reserve chair selection would likely come in early January, with "one or two more Fed interviews" possibly taking place this week. When discussing potential candidates, Bessent noted that both Kevin Warsh and Kevin Hassett are "very very qualified" for the position. He rejected suggestions that Hassett would lack agency at the Federal Reserve, while...
US President Donald Trump was on the news on Monday (24/2), commenting on the ongoing Ukraine-Russia peace situation. With Russia now more than a thousand days into a three-day military operation intended to bring the country back under Russian control, the US President, who has been allied with Russia's Vladimir Putin for years, is trying to isolate Ukraine from NATO and get Ukraine to sign up to a half-trillion-dollar deal. This follows accusations from President Trump that Ukrainian President Volodymyr Zelenskyy was ultimately responsible for Russia's invasion of Ukraine in the first...
The Dow Jones Industrial Average (DJIA) recovered on Monday (2/25), rising about 300 points and turning around its peak in an attempt to recoup some of last week's losses triggered by an unexpected drop in consumer confidence figures. The market started the new trading week with a bullish bias, but gains remained limited as tensions persisted on the upside and investors remained overall uneasy on multiple fronts. February consumer sentiment figures raised some concerns last week, and now investors will turn to key earnings numbers this week from consumer building suppliers Home Depot (HD)...
Russia's overheating economy is on the cusp of serious cooling, as huge fiscal stimulus, soaring interest rates, stubbornly high inflation and Western sanctions take their toll, but after three years of war, Washington may just have thrown Moscow a lifeline. U.S. President Donald Trump is pushing for a quick deal to end the war in Ukraine, alarming Washington's European allies by leaving them and Ukraine out of initial talks with Russia and blaming Ukraine for Russia's 2022 invasion, political gifts for Moscow that could also bring strong economic benefits. Washington's push comes as...
The US Manufacturing Purchasing Managers' Index (PMI), a key indicator of economic performance in the manufacturing sector, has reported a higher than anticipated figure. The actual number came in at 51.6, exceeding both the forecasted and previous numbers. This figure was higher than the forecasted number of 51.3, indicating an increase in activity level of purchasing managers in the manufacturing sector. The PMI is a closely watched survey as purchasing managers often have early access to data about their company's performance, which can be a leading indicator of overall economic...
In a recent report, the Services PMI (Purchasing Managers' Index), a key indicator of economic health in the private sector, was recorded at 49.7. This figure, published monthly by Markit Economics, is significantly lower than the forecasted 53.0, indicating a potential slowdown in the economy. The PMI index is based on surveys of over 400 executives in private sector service companies, including sectors such as transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants. An index level of 50 denotes no change since the...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...