U.S. Treasury yields pushed to a near four-week peak on Wednesday, lifting their Asia-Pacific counterparts and the dollar while pressuring equities, as data sowed new doubts about the timing and extent of Federal Reserve rate cuts. Crude oil rose for a fourth day to reach a four-week high amid speculation OPEC+ will maintain production cuts … Read more
Gold recorded its worst weekly slump this year in the week ending May 24 on hawkish FOMC minutes and robust US PMIs. Now, markets largely look for just one rate cut this year as traders readjust their rate expectations in the wake of the US data and the Fed’s stance. Spot gold closed with a … Read more
Police began to clear a pro-Palestinian tent encampment at George Washington University early on Wednesday and arrested 33 protesters, hours after dozens left the site and marched to President Ellen Granberg’s home. Officials at the university in Washington, DC, had warned of possible suspensions for students engaging in protest activities on University Yard. “While the … Read more
Consumers say they feel more optimistic and think inflation will be lower ahead, continuing a trend of upbeat economic news for a White House that’s politically vulnerable on the economy. The University of Michigan’s monthly consumer sentiment index rose to 78.8 in the preliminary reading for January, which was issued Friday. That’s the highest level … Read more
