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Kevin Warsh has taken over as the 17th Chair of the Federal Reserve at a critical moment for US monetary policy, as inflation pressures, rising bond yields and political scrutiny increase the challenge facing the central bank. Key insights: Warsh assumes the Fed leadership after Senate confirmation and a White House swearing in ceremony, replacing…
UK inflation surprised to the downside in April, easing more than expected despite higher fuel costs linked to the Middle East energy shock. Key insights: Consumer price inflation slowed to 2.8% YoY in April, down from 3.3% in March and below market expectations of around 3.0%. Monthly CPI rose 0.7%, compared with 1.2% in April…
The latest US inflation data, alongside President Trump’s comments that the Iran war could delay his rate cut plans, further complicates the path toward monetary easing. April CPI rose 3.8% year on year and 0.6% month on month, moving further away from the Fed’s 2% objective. Core CPI rose 2.8%, food increased 3.2%, shelter rose…
China has committed to purchase at least USD 17 billion per year of US agricultural products, with 2026 prorated and the commitment applying in full for 2027 and 2028. The pledge is separate from the earlier soybean understanding announced in October 2025, making it a meaningful new floor for bilateral agricultural trade. Key insights: The…
Gold fell sharply to its lowest level in more than a week as rising US inflation concerns pushed Treasury yields and the dollar higher, overpowering safe haven demand from the Middle East conflict. Key insights: Spot gold dropped by around 3 percent at one point to nearly USD 4,510.99 per ounce, while June gold futures…
Mubadala Energy, Kimmeridge and CPP Investments are moving ahead with Commonwealth LNG, a major US Gulf Coast export project that strengthens the role of American gas in global energy security. The project comes as LNG buyers seek more reliable supply routes amid disruption in Middle East energy flows and rising concern over long term fuel…
Kevin Warsh’s confirmation as Federal Reserve Chair marks one of the most politically sensitive leadership changes at the US central bank in years. The Senate confirmed Warsh by a narrow 54 to 45 vote, reported as the smallest confirmation margin for a Fed Chair in US history. Only one Democrat supported the nomination, highlighting the…
President Trump’s Beijing summit with President Xi Jinping is no longer only about trade. It is becoming a wider negotiation over energy security, technology controls, rare earths, Taiwan, agriculture, aviation, and the future structure of US China economic relations. Key insights: A White House official said Trump and Xi held an intensive meeting and agreed…
US inflation rose more than expected in April, reinforcing concerns that the recent energy shock is feeding back into consumer prices and complicating the Federal Reserve’s policy outlook. Headline CPI increased 3.8 percent year-on-year in April, up from 3.3 percent in March and above expectations of 3.7 percent. On a seasonally adjusted monthly basis, CPI…
Goldman Sachs has raised its outlook for the Chinese yuan, arguing that the currency remains more than 20 percent undervalued against the US dollar despite its recent appreciation. The bank now expects USD/CNY to reach 6.80 in three months, 6.70 in six months, and 6.50 within one year, revised stronger from previous forecasts of 6.85,…