Recent News
- US CPI stays at 2.7% in July, core CPI rises to 3.1%, boosting market odds of a September Fed rate cut to 94%.
- The Bank of England (BOE) lowered the cash rate at today’s meeting by a quarter-point. This marks the second rate cut this year and brings the cash rate to 4.0%, its lowest level since March 2023. The British pound rose 0.50% after the rate decision.
- The US Federal Reserve maintained the funds rate at 4.25%-4.50% at Wednesday’s meeting.
- President Trump Announces Trade Deal With EU, 15% Tariff on Imports; US Stock Indices Rise Strongly; FOMC Meeting Awaits, Rate Hold Expected
- President Trump Announces Trade Deal With EU, 15% Tariff on Imports; US Stock Indices Rise Strongly; FOMC Meeting Awaits, Rate Hold Expected
- The European Central Bank (ECB) maintained interest rates at 2.15% today’s policy meeting, a move that was widely expected. The Euro has posted minor gains following the decision.
- Global Stocks Rise Higher on Trade Optimism, Led by the S&P 500 Index Closing Much Higher at Record High for Fourth Day; Silver Reaches 13-Year High, Some Other Metals Also Bullish; ECB Policy Meeting Awaited; Tesla Announces Poor Earnings Data
- Nikkei 225 Index Powers to 1-Year High on News of US Trade Deal; S&P 500 Index Closes at Record High for Third Day; Silver Reaches 13-Year High, Gold Near Record High, Other Metals Also Bullish