BOE's Monetary Policy Committee Voted 7–2 to Keep Rates on Hold The Bank of England decided to keep its key interest rate unchanged at 5.25%, but hinted at potential rate cuts in the coming months, possibly as early as June…
FED Keeps Rates on Hold Summary: The Federal Reserve decided to leave interest rates unchanged due to concerns about inflation and affirmed the need for more evidence before considering rate cuts. Chairman Jerome Powell stated that it might take longer…
Bank of Japan Intevenes Twice to Shore up the Yen Summary: Japanese authorities intervened in the currency market with about $59 Billion USD (equivalent to 9 Trillion Yen) to shore up the Japanese Yen. This was done through two interventions…
Economic Data Send Mixed Signals Today, the market received mixed signals from the economic data releases (GDP, jobless claims) and this outlook is just ahead of the FOMC meeting next week. For example, Q1 GDP came in at 1.6% annualized…
BOE Rate Cut Expectations A senior policymaker at the Bank of England, Huw Pill, has warned against cutting interest rates soon despite above-target inflation. The bank seems divided on the matter, with some members like Pill advocating for a cautious…
Biden Signals Alliance with Japan and Philippines To Counter Provocation in South China Sea President Joe Biden has recently underscored the importance of forming a strategic alliance with Japan and the Philippines to address the ongoing provocations in the South…
Israel and Iran Tensions being Played Down This should be seen as a warning to show that Israel can strike back at a time and place at its choosing. At the same time the Iranians have blamed drones for the…
To Counter China, Japan and US Forging Closer Military Ties The Russian-Ukrain War and aggresive Chinese moves against the Phillipines and Asian Pacific are a reminder that the risk of conflict looms large. The expanding alliance between China, Russia and…
Inflation Data Points to Higher for Longer The CPI Report shows that for March, a key inflation indicator exceeded expectations, causing concern for Federal Reserve officials who fear their efforts to curb rising prices may be slowing down. This now…
Oil Fundamentals and Geopolitical Risks The energy sector has seen a surge in prices due to escalating geopolitical tensions in the Middle East, with crude oil futures reaching five-month highs. Despite differing opinions among analysts on the rally being headline-driven…
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