Investors should rule out nothing from the Federal Reserve in 2025 if the newly minted Trump administration uncorks fresh tariffs on China and the European Union. "I think rate hikes are possible. Anything is possible.
The Chinese currency jumped against the US dollar as trade war worries receded, but some fear the gains may be ‘short-lived’.
The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.
China's Center For Disease Control and Prevention (CDC) said on Thursday that while the rate of influenza virus in the country has shown signs of slowing, the overall cases of acute respiratory infectious diseases continued to rise.
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.
Factory deflation extended into a 27th month, though the producer price index recorded a slower drop of 2.3% compared to November.
Silver remains flat, but $30.98 is the key trigger for a potential rally. Will the market break higher and follow gold’s lead? Read our latest forecast.
China’s government has begun incrementally stimulating their economy, which could be a tailwind for China equities, which may have bottomed in January of last year.
Trump’s administration is directing that all federal diversity, equity and inclusion staff be put on paid leave, and that agencies develop plans to lay them off, according to a memo from the Office of Personnel Management.
The Reserve Bank of New Zealand (RBNZ) published its Sectoral Factor Model Inflation gauge for the fourth quarter of 2024, following the release of the official Consumer Price Index (CPI) by the NZ Stats early Wednesday. The inflation measure extends its downtrend to 3.1% year-over-year (YoY) in Q4 2024 vs. 3.4% in Q3.
TOKYO (Reuters) - The dollar drifted slightly lower on Wednesday in indecisive trading as a lack of clarity on President Donald Trump's plans for tariffs kept financial markets guessing.