Financial website Forexlive analyst: After the release of the UK CPI, the current market pricing shows that the rate cut for the rest of 2025 is 34 basis points, while the expectation before the release of the UK CPI is 41 basis points. The market fully priced in November to cut interest rates. In my opinion, this is still a bit high. I expect the Bank of England and other major central banks to face a tougher repricing in the coming weeks and months. (Jin Ten)
On May 8th, Nick Timiraos, the "Federal Reserve mouthpiece", said that Powell played down any speculation that the Federal Reserve is seeking to cut interest rates to ease the economic weakness caused by Trump's tariffs. Powell mentioned the word "wait" 22 times during the press conference to emphasize that the Federal Reserve is not in a hurry to act. The remarks exposed the monetary policy divide between the United States and other economies caused by Trump's trade policy. The reason is simply...
Affected by the weekend news, international crude oil opened sharply on Monday. Saudi Arabia no longer sticks to its production cut stance. Behind this "self-price reduction" is a punishment for illegal oil producers and a political gift to the United States. Click to view...
The US non-farm payroll report was strong after the April quarterly adjustment, the unemployment rate held steady, and traders cut bets on the Federal Reserve to cut interest rates nearly four times this year. Click to view...
The chairperson of Tesla (TSLA. O) said media reports that the board had contacted headhunters to find a new chief executive were "completely false". Tesla's chief executive is Elon Musk, and the board is confident that it will continue to advance its exciting growth plans for the future.
Prosecutors in New York are suspected of reassessing whether to drop the charges against Keonne Rodriguez and William Lonergan Hill, two co-founders of privacy wallet Samourai Wallet. According to court documents filed on Monday, the prosecution and defense jointly asked the judge to grant a 16-day extension so that prosecutors can decide on a follow-up based on a new policy memorandum from Deputy Attorney General Todd Blanche. Blanche announced the dissolution of the Justice Department's crypto...
Before Trump's tariffs roiled the market, U.S. executives cashed out more than $10 billion in stocks in the first quarter. Click to view...
April 17 - The European Central Bank cut interest rates for the seventh time in a year on Thursday in hopes of boosting the already struggling eurozone economy, which is set to be hit hard by US tariffs. The ECB has been lowering borrowing costs as price pressures have subsided following the pandemic, while recent trade-related turmoil in global markets has added to the case for further easing. "Increased uncertainty could reduce household and business confidence, and the adverse and volatile ma...
Tonight at 20:15, the European Central Bank will announce the interest rate decision, because tariff uncertainty weighs on the economic outlook of the euro zone, it is expected that the bank will be "forced to drop six in a row", lowering the three major interest rates by 25 basis points, of which the deposit rate fell to 2.25%, the statement tone or moderate "turn dove" to pave the way for further interest rate cuts, please pay attention to market fluctuations, click to see more...
The global trade situation continues to be tense, and Powell refuses to rescue the market! The golden day skyrocketed by more than 100 dollars to a new high; the US Treasury put pressure on Iranian oil again, and OPEC received eight compensatory production reduction plans... What major events happened around the world yesterday and this morning?
Traders on Wednesday slashed their bets that the Federal Reserve would start cutting interest rates in May, after President Donald Trump said he would pause for 90 days plans to sharply increase tariffs on most countries announced last week. Traders now see a much greater chance of U.S. interest rate cuts starting in June than in May, according to interest rate futures trading. They still believe the Fed will cut interest rates a total of four times by the end of the year.
Mr. Kashkari said the Fed was unlikely to cut interest rates in the face of tariffs even if the economy started to deteriorate, given their impact on inflation. Mr. Kashkari said Mr. Trump's tariffs were "much higher and much broader than anticipated" and that he expected them to reduce investment and economic growth.
Traders cut their bets on the Federal Reserve cutting interest rates in May, anticipating June as the likely starting point for a rate cut.
According to CoinDesk, cryptocurrency financial services company Galaxy Digital has announced a $200 million settlement with the New York Attorney General's Office to settle its investigation related to the 2022 Terra-Luna ecosystem crash. Under the terms of the settlement, Galaxy will be held responsible for its investments, transactions and public statements in the LUNA token. At the same time, Galaxy disclosed its 2024 financial report, showing that the company achieved a net profit of $174 m...
According to CCTV, Li Qiang chaired an executive meeting of the State Council to study measures to establish and improve a long-term supervision mechanism for enterprise-related fees.