The Plan by the G7 to counter Russian and China The G7 finance ministers supported the idea of issuing a loan to Ukraine secured by frozen Russian assets, aiming to provide financing to Kyiv beyond 2024. They discussed a US…
A Geopolitical Kill Switch A Bloomberg Report notes concern by the US government to the Netherlands and Taiwan about the security of ASML Lithography machines used by TMSC in the event of an invasion of Taiwan by China. During the…
Foreign Policy Likely the Same, Domestic Uncertainty While Raisi served as president, his power was limited by Iran's supreme leader, Ayatollah Ali Khamenei, who holds ultimate authority in the Islamic Republic. However, Raisi's passing has created a void in power…
Domestic Politics had Role in New Tariffs on China Biden plans to raise tariffs this year on various products under Section 301 of the Trade Act of 1974. The tariffs on electric vehicles (EVs) will increase from 25% to 100%,…
Market Expections Rise for September Rate Cut Summary: US inflation fell to 3.4% in April, meeting economists' expectations, leading investors to anticipate Federal Reserve interest rate cuts. The CPI data indicated a decrease from March and halted a streak of…
The Geopolitical Stakes of the Xi visit to Europe President Xi Jinping's recent trip to Europe reveals a shift in dynamics since his last visit five years ago. European leaders are now focused on "de-risking" by moving investments and supply…
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…
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