Fed's Powell faces DOJ subpoenas over interest rate policy; independence under fire. Rates held steady, then cut 75bps.
US hosts G7 talks on rare earths to counter China’s supply dominance Efforts to diversify rare-earth supply chains underscore rising geopolitical risk in critical minerals, with long-term implications
UK hiring weakens again as wage growth stays firm, complicating BoE outlook Cooling UK labour demand supports the case for gradual rate cuts in 2026, but resilient wage growth may slow the Bank of England’s easing cycle
Trump threatens to block Exxon from Venezuela after CEO calls country uninvestable The dispute highlights structural risks in Venezuela’s energy sector, limiting prospects for rapid production recovery
PBOC sets USD/ CNY reference rate for today at 7.0108 (vs. estimate at 6.9849) PBOC CNY reference rate setting for the trading session ahead.
Gold and silver surge, stocks & USD slammed on news of Trump's ongoing attacks on the Fed Federal Reserve is not taking Trump's baloney
Fed Chair Powell calls out Trump on his witch hunt, part of ongoing threats against Bank Injecting fresh political risk into the dollar and broader markets.
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