Investors should rule out nothing from the Federal Reserve in 2025 if the newly minted Trump administration uncorks fresh tariffs on China and the European Union. "I think rate hikes are possible. Anything is possible.
The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.
The Chinese currency jumped against the US dollar as trade war worries receded, but some fear the gains may be ‘short-lived’.
Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump’s administration.
China's Center For Disease Control and Prevention (CDC) said on Thursday that while the rate of influenza virus in the country has shown signs of slowing, the overall cases of acute respiratory infectious diseases continued to rise.
Trump began his second term by taking world financial markets on a daylong rollercoaster ride over his tariff policies, in a sign of turbulence ahead for investors and executives.
Factory deflation extended into a 27th month, though the producer price index recorded a slower drop of 2.3% compared to November.
China currently dominates the market for the hardware and software used to mine cryptocurrency. Creating a large federal reserve would expose a major U.S. asset to potential Chinese meddling.
Asian markets swung Wednesday, continuing their yo-yo start to the year as traders assess the economic outlook with Donald Trump back in the White House, with focus now on the release of key US inflation data.
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.
Silver remains flat, but $30.98 is the key trigger for a potential rally. Will the market break higher and follow gold’s lead? Read our latest forecast.