Latest Finance-Economy News
US Core CPI Data Due Today Amid Cooling Inflation Signals
US Core CPI, stripping out food and energy, is set for release today, January 13, following November's 2.6% YoY rate, the lowest since early 2021. A softer print could reinforce Fed rate cut expectations, boosting equities and gold, while hotter data may strengthen USD and pressure risk assets.
Traders watch for clarity on Fed's rate path after recent softer price pressures.
Trump-Fed Feud Escalates with DOJ Subpoenas on Powell
Federal Reserve Chair Jerome Powell faces federal criminal investigation over $2.5B HQ renovation and testimony, seen as Trump pressure for rate cuts. deVere Group CEO warns this threatens Fed independence, causing sharp declines in US stock futures and USD weakening.
Gold surges above $4,600/oz as safe-haven amid monetary policy uncertainty.
Markets React to Trump Threat to Cap Credit Card Rates at 10%
Trump demands credit card interest capped at 10% by January 20 or face legal violation, impacting banks ahead of earnings. Shares of Citigroup, Visa, Mastercard, and American Express fall in response.
This adds to Wall Street angst over Trump administration's Fed attacks.
UK GDP Release Looms Thursday After Weak Q3 Growth
UK GDP data on January 15 follows Q3 2025's mere 0.1% expansion, signaling limited momentum. Stronger figures could lift GBP and curb BoE rate cut bets; weaker data risks GBP downside.
Economy's modest growth pressures pound and central bank policy.
US Core PPI Expected Wednesday in Busy Economic Week
US Core PPI data due January 14 could further signal inflation trends after recent easing. Combined with CPI, surprises may shift Fed rate expectations, affecting USD, bonds, and equities.
Key for cross-asset volatility in FX, rates, and commodities.
Investors Flock Back to Japanese Equities for 2026
Three reasons drive return to Japan: strong domestic story, BoJ normalization after December 2025 hike to 0.75%, and wage hike momentum. Shunto negotiations seek 5%+ raises, supporting yen and consumer confidence.
Shields equities from US policy uncertainties.
Venezuelan Bonds Rally 29% Post-Maduro Capture
Venezuela/PDVSA bonds up 29% to $37.58 average as markets price restructuring within two years amid US intervention. Trump's executive order shields oil fund cashflows; requires cutting ties with China, Iran, Russia, Cuba.
Bumpy transition expected with geopolitics key to stability and elections.
JPMorgan, Bank of New York Mellon Earnings Pre-Market Today
JPMorgan (JPM), Bank of New York Mellon (BK), and others report earnings before market open on January 13. Results to shed light on economy amid Trump-Fed tensions and rate cap threats.
Investors watch for impacts on banking sector spreads and financing.
Wall Street on Edge as 'Sell America' Trade Returns
Bloomberg notes heightened Fed angst from Trump attacks, with DOJ subpoenas served. Trump also inclined to exclude Exxon from Venezuela, adding policy uncertainty.
Big banks' earnings key amid these pressures.
Gold Hits Record Highs on Fed Credibility Concerns
Gold climbs above $4,600/oz as investors flee to safe-havens amid Trump-Fed fight eroding monetary independence. USD index falls against euro, Swiss franc on policy risk.
Global capital flows to Europe, Asia, EM vulnerable to Fed signal disruptions.
BoJ Rate Hike Path Bolsters Japanese Consumer Confidence
BoJ Governor Ueda confident in steady wage rises post-0.75% hike, highest since 1995. Spring Shunto talks to maintain momentum, countering imported inflation and yen weakness.
Creates stock opportunities balancing momentum and value.
Trump's Venezuela Oil Demands Reshape EM Debt Outlook
US requires Venezuela exclusive US oil partnership, narcotics cuts for restructuring progress. Stability for elections in 12-18 months critical for investment unlock.
Early 2026 sees busy EM debt desk activity on fluid situation.