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Fed's Goolsbee: Fed independence crucial, tariffs pose stagflationary risks

Chicago Fed President Austan Goolsbee crossed the wires and said that economists are unanimous that the Federal Reserve (Fed) must be independent from political interference.
New
update2025.08.14 02:36

US President Trump: Fed rates should be at 1%, second Putin meeting uncertain

United States (US) President Donald Trump delivered his latest thoughts on his efforts to be the primary peace deal broker between Russia and Ukraine on Wednesday, and dipped back into the Federal Reserve (Fed) pool of usual statements to reiterate his own estimations of where interest rates should
New
update2025.08.14 01:47

WTI Crude plunges to two-month low as surprise US stock build stokes oversupply fears

West Texas Intermediate (WTI) Crude Oil slumped further on Wednesday, falling below the psychological $62 mark and hitting its lowest level since early June.
New
update2025.08.14 01:44

GBP/USD rallies as Fed cut bets soar despite hot core CPI

The GBP/USD advances during the North American session, up by 0.56% as the Greenback gets battered amid increasing bets that the Federal Reserve might resume its easing cycle as soon as September. The pair trades at 1.3572 after bouncing off lows of 1.3487.
New
update2025.08.14 00:19

Euro climbs to near three-week high amid US Dollar weakness and Fed rate cut bets

The Euro (EUR) extends gains for the second consecutive session on Wednesday, climbing above $1.1700 to its highest level in nearly three weeks, supported by broad US Dollar (USD) weakness after the latest US Consumer Price Index (CPI) report.
New
update2025.08.14 00:16

EUR/CHF Price Forecast: Bulls eye breakout above 0.9430 as Swiss Franc under pressure on US tariff shock

The EUR/CHF cross is trading flat but remains resilient above the 0.9400 level on Wednesday, consolidating its recent gains after a strong rebound from the lower end of its multi-month trading range.
New
update2025.08.13 23:33

EUR/GBP weakens as Pound holds firm ahead of UK, Eurozone GDP data

The Euro (EUR) extends its decline against the British Pound (GBP) on Wednesday, with EUR/GBP coming under renewed selling pressure after failing to sustain Tuesday's overnight bounce. At the time of writing, the pair trades near 0.8625 in the early American session, down around 0.25% on the day.
New
update2025.08.13 22:31

Gold holds above $3,350 as mild inflation data weighs on US Dollar

Gold (XAU/USD) extends its rebound on Wednesday, advancing for a second day after recovering from over a one-week low near $3,330.
New
update2025.08.13 21:26

US Treasury Sec. Bessent: Good chance of 50 basis point rate cut

In an interview with Bloomberg on Wednesday, United States (US) Treasury Secretary Scott Bessent said that there is a good chance that the Federal Reserve (Fed) could opt for a 50 basis points rate cut at the next meeting.
New
update2025.08.13 21:22

Gold Price Forecast: XAU/USD ticks up to near $3,360, wobbles around 20-day EMA

Gold price (XAU/USD) trades marginally higher to near $3,360.00 during the European trading session on Wednesday.
New
update2025.08.13 20:41

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