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Reuters says the WEF could name Christine Lagarde chair as early as November, potentially accelerating an ECB leadership reshuffle. No decision is final.
Pierre Wunsch expects further ECB tightening but declined to choose between October and December, citing uncertainty over energy prices and AI.
U.S. stocks lost roughly $490 billion in 25 minutes after the Fed raised rates by 25 basis points and signaled continued concern about elevated inflation.
U.S. stocks lost roughly $300 billion after Fed Chair Kevin Warsh warned that inflation remains too high, boosting expectations for another rate hike.
Peter Schiff warns that U.S. stagflation risks are increasing as GDP growth slows sharply to 1.4% while PCE inflation and core prices accelerate.
The Trump administration moves toward nominating Kevin Warsh as Fed chair, prompting immediate market reactions and potential political resistance.
Global central banks issued a joint statement backing Fed Chair Jerome Powell and reaffirming support for monetary policy independence.
The Federal Reserve injected $31 billion through overnight repo operations, the largest single liquidity boost since the COVID-19 crisis.
Trump says the next Fed chair should consult him and signals interest rates at 1% or below.
The Bank of Japan lifted its key rate to 0.75%, ending decades of ultra-easy policy as stocks rose, the yen weakened, and bond yields hit multi-year highs.
Japan’s central bank is poised to raise rates to 0.75%, a level not seen in 30 years, as inflation pressures and yen weakness persist.
Japan may raise interest rates for the first time in 11 months as inflation and wage growth strengthen, signaling a gradual shift away from ultra-loose policy.