BofA CEO warns market will punish Fed interference; sees tariffs de-escalating to 15%.
Silver steadied above $73 after a 9% one-day drop, its biggest in over five years, while gold held flat. Despite the pullback, both metals are set for their best annual gains since 1979, backed by Fed cuts, ETF inflows and strong central-bank demand.
PBOC sets USD/ CNY central rate at 7.0348 (vs. estimate at 7.0112) PBOC CNY reference rate setting for the trading session ahead.
Dollar Index down 10% on Fed cuts & tariffs. Exports up 5%, but imports cost more. Traders watch inflation.
Michigan loses $540M in climate grants; US clean energy projects canceled. Green manufacturing hit hard.
Trade war tariffs settling at 15%! BofA CEO warns Fed independence is key or markets will punish.
BofA bullish on chips for 2026! Nvidia +41%, Broadcom +52%, Lam +146%. AI capex to $1.2T by 2030. Watch valuations!
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