President Trump launched another attack on the Federal Reserve by attempting to remove Governor Lisa Cook, triggering sharp market reactions including a plunging dollar and surging bond yields as concerns over central bank independence intensified.
A former Bank of Japan official warns the central bank may accelerate interest rate hikes, pushing borrowing costs above the 2% threshold. This signals the end of Japan’s ultra-loose monetary policy era, with far-reaching implications for global bond markets and the yen.
Minutes from the Federal Reserve’s latest policy meeting reveal significant division among officials regarding the future path of interest rates, with some advocating for maintaining restrictive policy to ensure inflation returns to target while others warn that overtightening could harm economic growth and employment.
Core Summary The Bank of Japan announced on June 16 a 25 basis point rate hike to 1%, the highest level since 1995. The move marks a further tightening of Japan’s decades-long ultra-loose monetary policy as the yen languishes at historic lows. Bitcoin rose following the announcement, as some traders interpret the hike as a signal that the global tightening cycle may be nearing its peak. Event Details The Bank of Japan’s Policy Board made the decision following a two-day meeting. This is the latest in a series of rate increases that began in 2024, when the bank started moving away from near-zero interest rates. The current 1% rate represents the highest level in 31 years, reflecting the bank’s deep concern about persistent inflation. ...
Summary President Trump displayed an unusual attitude toward rising inflation data in his latest public statement, declaring “I love the inflation.” Meanwhile, the latest US Consumer Price Index (CPI) data shows prices rising at their fastest pace in three years, drawing widespread attention and concern from economists and markets. Analysis Inflation has become a core issue in current US political economy. The latest CPI data shows US prices rising at their fastest pace since 2023, directly pressuring household purchasing power and living costs. ...
The Reserve Bank of Australia raises rates again, warning that Middle East conflict is pushing up fuel and commodity prices, keeping inflation elevated for an extended period.
Federal Reserve Chair Jerome Powell announced he will continue to serve as a Fed governor after his chair term expires in May, thwarting President Trump’s plan to appoint a new board member and triggering a new institutional showdown in Washington.
The Federal Reserve kept interest rates unchanged at its April meeting, but four officials voted in dissent, marking the highest level of disagreement in nearly 34 years.
The Federal Reserve’s April monetary policy meeting begins today with markets widely expecting rates to hold steady. This may be Chair Jerome Powell’s final rate decision before his term ends.
The Fed is expected to keep interest rates unchanged at its April meeting, which could be Chair Jerome Powell’s last, as Kevin Warsh’s confirmation process advances in the Senate.