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US President Donald Trump says he’s prepared for fight as Cook vows to sue — Bloomberg
US President Donald Trump said he was ready for a legal fight with Federal Reserve (Fed) Governor Lisa Cook after he moved to oust her from her post following allegations that she falsified mortgage documents, Bloomberg reported late Tuesday.Fxstreet
Wed, Aug 27
When is the Australian CPI inflation and how could it affect AUD/USD?
The Australian Bureau of Statistics (ABS) will publish its monthly Consumer Price Index (CPI) report for July on Wednesday at 01.30 GMT. The monthly CPI is expected to show an increase of 2.3% year-over-year (YoY) in July, compared to a 1.9% figure reported in June.Fxstreet
Tue, Aug 26
China seeks a silver lining as it tells companies to target older consumers
Government has issued at least 20 statements this year on the silver economy Chinese aged 60-plus spending more than previous older generations Chinese aged 60-plus expected to number 400 million by 2035By Sophie Yu and Farah Master BEIJING/HONG KONG, Aug 27 (Reuters) - In the past few months, Wa...Reuters
Tue, Aug 26
FACTBOX-Fed Governor Cook's mortgages: What's known and what's not
Aug 26 (Reuters) - U.S. President Donald Trump says he is removing Federal Reserve Governor Lisa Cook for "cause," citing what he said were "false statements" on two mortgages she took out in 2021, about a year before the Senate confirmed her appointment to the Fed.The thrust of Trum...Reuters
Tue, Aug 26
Donald Trump announces he will have a "majority" on the Fed
United States (US) President Donald Trump stepped in it on Tuesday, declaring that there would soon be a majority of rate-cut voters on the Federal Reserve's (Fed) interest rate setting voting body, the Federal Open Market Committee (FOMC).Fxstreet
Tue, Aug 26
BoC's Macklem reaffirms dropping inflation target amid trade policy uncertainty
Bank of Canada (BoC) Governor Tiff Macklem noted that the BoC will not be revisiting its 2% inflation targets for the foreseeable future, citing uncertainty around trade and ever-changing tariff policies from the United States (US).Fxstreet
Tue, Aug 26
TREASURIES-Yield curve steepens as Trump attempts to fire Fed's Cook
Fed's Cook to file lawsuit to prevent being fired by TrumpYield curve steepens on concerns over Fed independence Strong demand for $69 billion two-year note auctionBy Karen Brettell NEW YORK, Aug 26 (Reuters) - The U.S. Treasury yield curve steepened on Tuesday as President Donald Trump’s att...Reuters
Tue, Aug 26
Bessent says US tariff revenue could be well over $500 billion a year
Aug 26 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump's tariffs may top $500 billion a year, with a substantial jump from July to August and likely a bigger jump in September.Bessent told a White House Cabinet meeting that...Reuters
Tue, Aug 26
Forex Today: Australian inflation comes to the fore
The US Dollar (USD) reversed its prior gains and came under some modest downside pressure on Tuesday, as market participants shifted their attention to another bout of the Trump-Fed spat ahead of the release of key inflation data toward the end of the week.
Fed's Barkin says his forecast is for modest adjustment in rates, Bloomberg News reports
Aug 26 (Reuters) - Federal Reserve Bank of Richmond President Tom Barkin said his forecast is for a modest adjustment in interest rates given what he expects will be little variation in economic activity over the remainder of the year, Bloomberg News reported on Tuesday."I see modest movement in...Reuters
Tue, Aug 26
WRAPUP 2-US business spending on equipment resilient; labor market confidence weakening
Nondefense capital goods orders excluding aircraft jump 1.1% in JulyThese so-called core capital goods shipments increase 0.7%Consumers' views of job availability weakest since 2021By Lucia Mutikani WASHINGTON, Aug 26 (Reuters) - New orders for key U.S.-manufactured capital goods increased mo...Reuters
Tue, Aug 26
Fed still on track for September rate cut after Trump's move on Cook
Trump's attempt to fire Fed Governor Cook creates uncertaintyMarkets expect Fed rate cut in September, with 86% probabilityFed officials concerned about inflation and job market risksBy Michael S. Derby and Ann Saphir Aug 26 (Reuters) - President Donald Trump's attempt to fire Federal Res...Reuters
Tue, Aug 26
Chinese trade negotiator to head to US for talks, may meet deputy-level officials
Top Chinese trade negotiator to visit Washington this weekLi Chenggang's trip not at US side's request, US government saysMeetings are not part of a formal negotiating sessionBy David Lawder and Joe Cash WASHINGTON/BEIJING, Aug 26 (Reuters) - Senior Chinese trade negotiator Li Chenggang i...Reuters
Tue, Aug 26
Chile in final phase of negotiations to reach trade deal with US, Chilean official says
By Fabian CamberoSANTIAGO, Aug 26 (Reuters) - Chile is in the final phase of negotiations with the office of the United States Trade Representative (USTR) over tariffs, Chile's undersecretary of international economic affairs Claudia Sanhueza told Reuters on Tuesday. Chile is the world's lar...Reuters
Tue, Aug 26
Chile in final phase of negotiations to reach trade deal with US, Chile undersecretary says
SANTIAGO, Aug 26 (Reuters) - Chile is in the final phase of negotiations with the Office of the United States Trade Representative (USTR) over tariffs, Chile's undersecretary of international economic affairs Claudia Sanhueza told Reuters on Tuesday. Chile is the world's largest copper produ...Reuters
Tue, Aug 26
