Recent News
- US advance GDP data released Thursday was unexpectedly strong, possible due to recent new tariffs boosting demand for domestic goods.
- S&P 500 Index Makes New Record, But 6,500 Unbroken; NVIDIA Falls 4% on Poor Growth Forecast; US Preliminary GDP of 3.1% Expected; Gold Looks Poised for Bullish Breakout Soon
- Australian CPI Jumps to 2.8%; Trump Fires Fed Board Member for Cause, Court Case Ahead; Crude Oil Falling; S&P 500 Index Close to All-Time High
- CME FedWatch Shows 87% Chance of September Rate Cut of 0.25%, 43% Chance of Additional Cut Next Meeting; Stocks Rising in Asia; Ethereum Hits Record High Sunday but Retreats
- 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