FEDERAL RESERVE

Gold prices steady as investors await key US data, tariff updates
Gold prices remained stable as investors watched for updates on trade talks. They also awaited key inflation data from the United States. This data could offer clues about the Federal Reserve's future policy decisions. Earlier, gold reached a high due to uncertainties. Market participants will analyze economic data to assess the impact of tariffs on the Fed's interest rate outlook.

Asian stocks rise with earnings, economic data in focus
Australian and Japanese shares climbed at the open and equity-index futures for Hong Kong pointed to a moderate gain. US stock futures edged lower after Super Micro Computer Inc. tumbled in late trading on a disappointing update. Treasuries extended this month’s advance, with 10-year yields falling for a seventh day. The dollar was little changed after strengthening on Tuesday. Gold rose and oil dropped.

US job openings fall to 7.2 million in March, the lowest level since September
America saw a dip in job vacancies during March. This decline occurred amidst concerns over Donald Trump's trade policies. The Labor Department reported 7.2 million openings, a decrease from previous months. However, more Americans voluntarily left their jobs. Layoffs also reached their lowest point since June. Experts suggest employers are retaining current staff.

Gold falls on easing trade war concerns; US data awaited
Gold prices experienced a decline on Tuesday as easing trade tensions between the U.S. and its trading partners diminished the metal's safe-haven appeal. Investors are closely monitoring upcoming U.S. economic data releases, including job openings, personal consumption expenditures, and non-farm payrolls, to assess the Federal Reserve's policy direction amidst global recession concerns.

Promises made, promises kept? Trump's agenda remains work in progress after 100 days
Donald Trump's return to the presidency has been marked by swift actions to fulfill campaign promises, including immigration control and tariff implementation. While inflation has decreased, concerns arise over the potential for higher prices due to tariffs. Trump's efforts to end the Russia-Ukraine war have been unsuccessful, and promised tax cuts require congressional approval, facing challenges amidst thin Republican majorities.
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US economy was already sputtering before trade pain from Trump's tariffs kicked in
Global economy faces challenges in early 2025. US GDP growth slows down significantly. Trade tensions and tariff policies impact international markets. Canada anticipates election amid trade war with US. China's industrial profits rebound, but tariffs pose risks. Europe focuses on GDP and inflation data. Latin America monitors economic indicators and central bank decisions.
Asian stocks rise on Fed rate-cut hopes, Alphabet solid earnings
Shares in South Korea gained 1.1% after Treasury Secretary Scott Bessent said the US may reach an “agreement of understanding” on trade as soon as next week. Equities in Japan advanced 1% after the S&P 500 jumped Thursday to the highest since the day President Donald Trump announced his tariff offensive. Gold and a gauge of the dollar edged up.
Warren Buffett now owns 5% of all US Treasury bills, a larger holding than the Fed itself
Warren Buffett’s Berkshire Hathaway now holds $300.87 billion in U.S. Treasury bills, nearly 5% of the total market, surpassing the Fed’s holdings. With equity valuations high and few attractive opportunities, Buffett is prioritizing safety, yield, and liquidity.
Fed's Hammack sees more runway for Fed balance sheet cuts
Cleveland Fed President Beth Hammack suggests conditions support further balance sheet reductions, emphasizing patience with monetary policy amid uncertainty. She believes ample reserves exist, but a large balance sheet could encourage financial risk-taking.
Is Trump's economic agenda failing? New poll reveals disturbing trends
As President Trump nears his 100th day, a Reuters/Ipsos poll reveals declining approval for his economic handling. Only 37% approve, down from 42% post-inauguration. Concerns rise over trade wars, Federal Reserve pressure, and market selloffs. Three-quarters fear a recession, with 56% deeming Trump's economic moves "too erratic.
Rupee falls 15 paise to 85.34 against US dollar in early trade
The Indian rupee weakened to 85.34 against the US dollar on Wednesday, a 15 paise drop, as the dollar rebounded following President Trump's conciliatory remarks towards the Federal Reserve and China. This shift boosted US indices and lowered bond yields. Positive domestic equity market trends saw the Sensex and Nifty rise, supported by foreign institutional investors' buying activity.
Dollar surges as Trump backs down from threat to fire Fed's Powell
The U.S. dollar surged against major currencies after President Trump eased concerns about firing Federal Reserve Chair Jerome Powell. This followed Trump's earlier attacks on Powell for not cutting interest rates. Optimism regarding U.S.-China trade relations, with potential tariff reductions, further boosted market sentiment and the dollar's value, impacting various currencies and even cryptocurrencies like Bitcoin.
Gold eases as Trump backs off from threats to fire Fed Chair
Gold prices saw a decline. This happened after US President Donald Trump softened his stance on the Federal Reserve chair. Treasury Secretary Scott Bessent hinted at easing trade tensions. This reduced gold's appeal as a safe investment. Silver saw a slight increase. Platinum and palladium experienced losses.
After crossing the $3,500 threshold, where are gold prices headed? Will they touch $4,000? Here's what analysts say
Gold prices in the US soared to a record $3,500 per ounce, fueled by economic uncertainty and President Trump's criticism of the Federal Reserve. Trump's attacks on Fed Chair Powell triggered investor flight from US assets to safe havens like gold. Experts suggest any price correction will be temporary, with potential for further gains if instability persists.
WSJ publishes another scathing editorial on Donald Trump's policies, says the President is acting like a bully
The Wall Street Journal has criticized US President Donald Trump's economic management. The newspaper blames Trump for pressuring Federal Reserve Chairman Jerome Powell to lower interest rates. The editorial board says Trump's tariffs are hurting economic growth. They suggest Trump should end the tariffs. The board cautions that political meddling increases market volatility.
Dow Jones surges 500 pts at open, S&P, Nasdaq up 1% each day after selloff
Wall Street rebounded on Tuesday, driven by encouraging corporate earnings reports that overshadowed concerns about trade tariffs and President Trump's criticism of the Federal Reserve. Investors are closely monitoring earnings to gauge the impact of tariffs, while also awaiting further developments in the ongoing tensions between the White House and the Fed.
'Virtually no inflation': Trump mocks Jerome Powell as 'Mr Too Late,' calls Fed chairman a 'major loser'
Donald Trump criticized Federal Reserve Chair Jerome Powell. Trump wants lower interest rates. He believes this will address economic concerns. Trump called Powell a 'major loser'. He thinks the central bank should make 'preemptive cuts'. Trump's comments come amid market reactions to his tariffs. Gold prices have soared. Nations are negotiating with Washington over trade.
Gold climbs to record peak as slowdown concerns lift safe-haven demand
Gold prices continued their record-breaking rally on Tuesday, reaching new highs amid concerns about U.S. President Trump's criticism of the Federal Reserve and escalating trade tensions. These factors have fueled demand for safe-haven assets like gold. Investors are closely watching upcoming speeches from Federal Reserve officials for insights into future monetary policy.
Wall Street woes deepen: Dow on track for worst April since Great Depression of 1932 with a massive 9.1% drop so far
US shares plummeted, with the Dow experiencing its worst April since the Great Depression. Concerns over President Trump's trade policies and escalating tensions with Federal Reserve Chairman Jerome Powell rattled markets. Powell warned that Trump's tariffs could conflict with the Fed's mandates. Trump's calls for Powell's termination raised fears about the Fed's independence, potentially eroding investor confidence.
What's known about whether Trump can fire Powell from the Fed
President Trump's continued criticism of Federal Reserve Chair Jerome Powell over interest rate policies has stirred financial market anxieties, raising concerns about a potential attempt to remove Powell. The legality of such an action is debated, with the Federal Reserve Act outlining removal for "cause," typically interpreted as misconduct. While unprecedented, legal challenges are anticipated, potentially reaching the Supreme Court.
Does Donald Trump have the power to fire Fed Chair Jerome Powell? Here's what could happen if he does
Donald Trump is in conflict with Federal Reserve Chair Jerome Powell. Trump threatened to remove Powell due to disagreements on interest rates. Powell has resisted Trump's demands for rate cuts. Powell believes tariffs will increase prices. The Fed is independent by law. All eyes are on the Fed’s May meeting. The Fed will make decisions based on data analysis.
Trump goes to war with the US Federal Reserve
President Trump has openly clashed with Federal Reserve Chair Jerome Powell over interest rate policy, even threatening to remove him. This unprecedented pressure on the Fed's independence raises concerns about potential destabilization of US financial markets. Experts warn that compromising the Fed's autonomy could weaken the dollar and increase interest rates, ultimately impacting the economy.
Sliding dollar helps rupee extend winning streak; forward premiums fall
The Indian rupee extended its winning streak on Monday as the dollar remained on the defensive, with investor confidence in U.S. assets dented by President Donald Trump's criticism of the Federal Reserve chief.
Rupee jumps, hedging costs slide as dollar keeps taking punches
The Indian rupee gained strength as the dollar faced pressure. This was due to concerns about the independence of the Federal Reserve. President Trump's criticism of Chair Jerome Powell fueled these worries. Other Asian currencies also saw gains. The dollar index hit a multi-year low. Investors are watching closely for any further moves affecting the Federal Reserve.
Firing Federal Reserve Chair Jerome Powell would hurt the dollar and US economy: France
French Finance Minister Eric Lombard cautioned that President Trump's potential dismissal of Federal Reserve Chair Jerome Powell would jeopardize the dollar's credibility and destabilize the US economy. Lombard highlighted Trump's previous tariff actions as damaging to the dollar's reputation.
President Donald Trump continues to lose supporters. Now, Senator John Kennedy opposes his plans to send US citizens to foreign prisons
Senator John Kennedy disagreed with Donald Trump’s idea of sending US citizens to foreign prisons. Kennedy cited constitutional protections and said such actions are against American law.
Will 'unhappy' Trump fire Federal Reserve Chair Jerome Powell over interest rate amid 'recession risk'?
Donald Trump has publicly criticised Federal Reserve Chair Jerome Powell for not lowering interest rates, even suggesting he could remove him from his position. Trump believes there's no significant inflation, while Powell maintains the Fed's independence and focuses on controlling inflation, potentially worsened by Trump's tariffs.
Federal Reserve can wait on any rate moves: Powell
The sharp volatility in financial markets since President Donald Trump announced sweeping tariffs April 2, only to put most of them on hold a week later, has led to speculation about whether the Federal Reserve would soon cut interest rate or take other steps to calm investors.
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