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Tariffs, Not Timing, Delay U.S. Rate Cuts as Trump Policies Redefine Economic Trajectory

Tariffs, Not Timing, Delay U.S. Rate Cuts as Trump Policies Redefine Economic Trajectory

U.S. interest rates remain elevated not due to macroeconomic inertia, but because of tariff-induced inflation. Fed Chair Jerome Powell confirmed this on Tuesday...

Gerik

Bitcoin Faces Correction Amid Trump's Tariff Plans

Bitcoin Faces Correction Amid Trump's Tariff Plans

President Trump announced tariffs, triggering a correction in Bitcoin prices. Indonesian exchange Tokocrypto saw strong trading activity due to market sentiment, highlighting the continued impact of geopolitics on the cryptocurrency market.

Kevin Du

Oil Markets Hold Steady as Investors Await OPEC+ Decision and U.S. Economic Signals

Oil Markets Hold Steady as Investors Await OPEC+ Decision and U.S. Economic Signals

Oil prices hovered in a narrow range on Wednesday as geopolitical risks faded and investors looked ahead to the July 6 OPEC+ meeting and U.S. economic data that could influence global demand expectations...

Gerik

Weak Retail Sales Cement Case for RBA Rate Cut as Consumers Stay Cautious

Weak Retail Sales Cement Case for RBA Rate Cut as Consumers Stay Cautious

Australian retail sales barely budged in May, rising just 0.2% and missing expectations. The soft spending data reinforces market conviction that the Reserve Bank of Australia (RBA) will cut interest rates again next week as household demand remains tepid and inflation pressures subside....

Gerik

July 3rd Financial News

July 3rd Financial News

U.S. Senate passes "Big, Beautiful Bill"; Trump announces Israel agrees to 60-day Gaza Ceasefire Plan.; Fed Chair Powell: Tariffs delaying rate cuts......

FastBull Featured

Thai Leader’s Suspension Deals Fresh Blow To Battered Economy

Thai Leader’s Suspension Deals Fresh Blow To Battered Economy

If the court ultimately rules against Paetongtarn, she will be removed from office, triggering a parliamentary vote to pick a replacement from a list submitted before the 2023 election.

Samantha Luan

Asian Markets Slip as Dollar Struggles Near Lows Amid Trump’s Tariff Threats and Fed Uncertainty

Asian Markets Slip as Dollar Struggles Near Lows Amid Trump’s Tariff Threats and Fed Uncertainty

Asian equities dipped and the U.S. dollar remained near multi-year lows on Wednesday as markets grew cautious over Trump’s July 9 trade deadline and uncertain U.S. rate policy...

Gerik

Dollar Struggles Near Multi-Year Lows Amid Fed Dovishness and Trump's Spending Plan

Dollar Struggles Near Multi-Year Lows Amid Fed Dovishness and Trump's Spending Plan

The U.S. dollar continues to hover near its lowest levels in over three years as markets respond to dovish cues from Fed Chair Jerome Powell and looming fiscal risks tied to President Trump’s $3.3 trillion tax-and-spending bill...

Gerik

Australia Retail Sales Grow Slightly Below Expectations In May

Australia Retail Sales Grow Slightly Below Expectations In May

Australia's retail sales growth in May was slightly lower than expected, with a decline in food spending offsetting a rebound in clothing. Consumption contraction may be affected by US tariffs and economic concerns, and expectations of a rate cut by the Reserve Bank of Australia have increased again.

Damon

Can Nvidia Stock Reach $200 This Year?

Can Nvidia Stock Reach $200 This Year?

Nvidia's stock price has regained market favor, AI demand has surged, and new products have been launched one after another. Despite the challenges, the company's performance is still impressive. Wall Street is optimistic and the stock price may exceed $200.

Devin

U.S. Senate Approves Trump's Tax Cut Bill With Tie-Breaking Vote

U.S. Senate Approves Trump's Tax Cut Bill With Tie-Breaking Vote

The US Senate passed Trump's tax reform bill, and the cryptocurrency market reacted calmly. Can the bill be approved by the House of Representatives before July 4? Historical experience shows that tax policies may affect the direction of cryptocurrency investment.

Natalie Gordon

Trump Says Israel Agreed To Terms For 60-day Ceasefire In Gaza

Trump Says Israel Agreed To Terms For 60-day Ceasefire In Gaza

U.S. President Donald Trump said on Tuesday that Israel had agreed to the conditions needed for a 60-day ceasefire...

Olivia Brooks

Ethereum dev Zack Cole Launches Initiative to Fund ´Tokenless´ Projects, Promote ETH Burning Mechanisms

Ethereum dev Zack Cole Launches Initiative to Fund ´Tokenless´ Projects, Promote ETH Burning Mechanisms

These requirements align with the foundation’s mission to reduce circulating ETH supply and strengthen the network’s monetary policy.

Manuel

Trump Sticks With July 9 Tariff Deadline While Hitting Japan

Trump Sticks With July 9 Tariff Deadline While Hitting Japan

President Donald Trump said he is not considering delaying his July 9 deadline for higher tariffs to resume and renewed his threat to cut off talks and impose duty rates on several nations, including Japan.

Olivia Brooks

US Senate Budget Bill Slashes Money to Fill Oil Reserve

US Senate Budget Bill Slashes Money to Fill Oil Reserve

The budget bill slashed the amount of money for crude oil purchases to replenish the SPR to $171 million from $1.3 billion.

Manuel

Bitcoin Dips to $105k on Q3 Open Despite Record Monthly Close

Bitcoin Dips to $105k on Q3 Open Despite Record Monthly Close

Bitcoin (BTC) managed to maintain its footing above the $105,000, but altcoins experienced drastic declines, with some posting double-digit percentage losses for the day.

Manuel

Treasury Yields Drop to Lowest Level in Two Months Before Powell Speaks

Treasury Yields Drop to Lowest Level in Two Months Before Powell Speaks

Momentum has been building in favor of earlier Fed rate cuts despite expectations that tariffs introduced by the US administration this year will contribute to faster inflation.

Manuel

US stock market: Key questions as second half of 2025 kicks off

US stock market: Key questions as second half of 2025 kicks off

The U.S. stock market enters H2 2025 at record highs, but faces key risks: Trump’s tariffs, Fed rate decisions, tech dominance, high valuations, global competition, and rising geopolitical tensions.

Adam

Benchmark Diesel Falls Back With no Further Mideast Conflict

Benchmark Diesel Falls Back With no Further Mideast Conflict

That sort of gain shows up at the pump in price increases that outpace those of crude, and decreases that lag those in the crude market.

Manuel

Challenge to dollar supremacy a long way off, central bankers say

Challenge to dollar supremacy a long way off, central bankers say

Central bankers agree the U.S. dollar’s dominance as the global reserve currency remains unchallenged for now. Though interest in alternatives like the euro grows, major structural reforms are needed for real change.

Adam

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