The Federal Reserve is expected to deliver its first interest-rate cut this year at its September 16-17 meeting, as it moves to counter a cooling labor market even as inflation remains above target. The anticipated quarter-point reduction may not satisfy President Donald Trump, who wants a bigger cut and has named his White House economic advisor, Stephen Miran, in time to be on the Fed Board at the September meeting, pending Senate confirmation. Here is a look at Fed officials' comments since their last policy meeting, sorting them under the labels "dove" and "hawk" as shorthand for their...
The US Dollar Index (DXY) is edging lower after a strong start on Monday as markets monitor the risks of an Iranian retaliation against the United States (US) and look ahead to Federal Reserve (Fed) Chair Jerome Powell's upcoming testimony on Tuesday. Over the weekend, US President Donald Trump confirmed that American forces struck three Iranian nuclear sites, prompting fears of retaliation from Tehran. The possibility that Iran could respond by disrupting Oil traffic through the Strait of Hormuz a critical maritime chokepoint has kept risk sentiment on edge. The Dollar Index, which...
Gold prices are recovering during the US session on Monday, as escalating geopolitical tensions and shifts in the Federal Reserve's (Fed) interest rate narrative have led to a resurgence in bullish momentum. The US airstrikes on Iranian nuclear sites over the weekend triggered a sharp response from Tehran, which condemned the attacks as a major provocation and launched retaliatory missile and drone strikes on Israel. The renewed conflict has heightened fears of a broader regional escalation. Meanwhile, Fed Governor Michelle Bowman signaled openness to a potential interest rate cut as early...
Oil erased earlier gains as fears began to fade of an immediate disruption to supplies from the Middle East, following US strikes on key Iranian nuclear sites. Global benchmark Brent initially surged as much as 5.7% to $81.40 a barrel in heavy trading, but later dropped below $77. US President Donald Trump said that air attacks over the weekend had "obliterated" a trio of targets in Iran, and threatened more military action if the country didn't make peace. In reply, Tehran warned that the strikes would trigger "everlasting consequences." The oil...
Gold eased on Monday as the dollar held firm, while market participants remained cautious, watching out for any potential Iranian retaliation to U.S. strikes on its nuclear sites. Spot gold was down 0.1% at $3,365.29 an ounc. U.S. gold futures fell 0.1% to $3,381.30. The dollar rose 0.6% against its peers, making gold more expensive for foreign buyers. Higher energy prices could potentially delay a Fed rate cut and strengthen the dollar, said Ole Hansen, head of commodity strategy at Saxo Bank. "Continued and multiple geopolitical uncertainties will likely continue to underpin and...
Silver prices are showing increasingly solid fundamentals in mid-2025, driven by a supply deficit, surging industrial demand, and investor interest in safe haven assets. This combination makes silver one of the precious metals with the most promising growth prospects this year. This year is the fifth consecutive year of a global silver supply deficit, with a projected shortfall of 117–149 million ounces. Although mining production has increased slightly, its growth has not been able to keep up with the high surge in demand. Silver is a key component in clean technology and future energy....
President Donald Trump said he would fire Lisa Cook from the Federal Reserve's Board of Governors if she does not resign her post over mortgage-fraud accusations from a top...
The Reserve Bank of Australia (RBA) maintained its cash rate at 4.1% during its April meeting, holding borrowing costs unchanged after slashing 25 bps in the February meeting, aligning with market...