Fed’s Collins backs September hike, sees Oil and AI driving inflation
On Tuesday, the Boston Fed President Susan Collins said that the Federal Reserve’s (Fed) main focus is inflation, while adding that I “expect inflation to stay above 2% due to…
Read More »UAW President Shawn Fain declares victory in race for second term
Original source: https://www.investing.com/news/stock-market-news/uaw-president-shawn-fain-declares-victory-in-race-for-second-term-4941855
Read More »Venezuela president authorizes SpaceX’s Starlink to operate in the country
Original source: https://www.investing.com/news/stock-market-news/venezuela-president-authorizes-spacexs-starlink-to-operate-in-the-country-4941872
Read More »Trump says: We will not be attacking Iran any time soon
President Trump in a TruthSocial post says the U.S. is having productive discussions with Iran and will not attack the country before the November 3 midterm elections. In the statement,…
Read More »PepsiCo will invest $1 billion in Colombia over next five years, president says
Original source: https://www.investing.com/news/stock-market-news/pepsico-will-invest-1-billion-in-colombia-over-next-five-years-president-says-4919206
Read More »Iran’s President Pezeshkian: Our demands are the same as our previous demands
Iran’s President Masoud Pezeshkian said on Monday that Tehran is not at war with Saudi Arabia. Pezeshkian added that Iran’s demands for negotiation with the United States (US) are the…
Read More »Fed policymaker Collins says would back September rate hike if data points to that direction
Supported keeping interest rates unchanged in July, Fed position remains “mildly restrictive” Sees the possibility that economic conditions in the coming months will require tighter policy Would be prepared to…
Read More »US President Trump: Strait of Hormuz open to all shipping except Iran
United States (US) President Donald Trump reiterated in a Truth Social post on Tuesday, “The Strait of Hormuz is open to ALL ship traffic except for Iran.” He added that…
Read More »Why lower oil prices won’t lead to lower inflation just yet
Lower oil prices generally lead to lower consumer fuel prices … but not always. There is a risk that models are overly tied to oil prices and that’s leading to…
Read More »Silver Price Forecast: Lower high structure holds, bear’s eye $55.00
Silver price retreats on Friday during the North American session, edging down by 0.54%, weighed by high US Treasury yields and a sudden shift in market sentiment, after US President…
Read More »