Fed’s Kugler Warns Tariffs Driving Inflation, Supports Holding Rates Steady
📌 Key Takeaways Kugler: Tariffs Threaten Inflation Outlook Federal Reserve Governor Adriana Kugler said Thursday that interest rates should remain steady “for some time” due to rising inflation pressures, particularly from Trump administration tariffs now affecting consumer prices. Speaking at...
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Bitcoin Climbs as Trump Softens Tone on Firing Fed Chair Powell
📌 Key Takeaways Trump Denies Powell Firing: Markets React On Wednesday, President Donald Trump publicly stated that his administration is “not planning” to fire Federal Reserve Chairman Jerome Powell, despite persistent rumors to the contrary. Speaking to reporters, Trump softened...
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S&P 500 Closes Higher as Trump Denies Firing Fed Chair Powell, Tariff Risks Remain
📌 Key Takeaways 📉 Trump Quells Fed Speculation, Markets Breathe a Sigh of Relief On Wednesday, U.S. stocks closed higher after President Donald Trump denied rumors that he would imminently fire Federal Reserve Chair Jerome Powell. Speaking to reporters, Trump...
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US Producer Inflation Flatlines in June 2025: Core PPI and Annual Rate Fall Below Forecasts
📌 Key Takeaways U.S. Producer Prices Show No Growth in June The U.S. Producer Price Index (PPI) remained flat in June 2025 compared to May, according to the latest Labor Department data. This surprised analysts, who had expected a 0.2%...
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UK Inflation Surges to 3.6% in June 2025: Fuel and Food Drive Surprise Rise
📌 Key Takeaways 🔺 UK Inflation Surprises to the Upside in June The UK’s annual inflation rate rose unexpectedly to 3.6% in June 2025, up from 3.4% in May, defying economists’ forecasts of a flat reading. This marks the highest...
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