Bank of Japan Governor Kazuo Ueda: The Bank of Japan's goal is to achieve a sustainable 2% inflation level, as measured by the overall CPI.
Bank of Canada Governor Michael McCollum has cancelled a speech scheduled for February 6 at a bank conference in Mexico.
European Central Bank Governing Council Simkus: Support another 25 basis points interest rate cut in March. More accommodative monetary policy can be allowed. Trump's tariff policy has increased uncertainty. Several more interest rate cuts are expected after March.
New analysis from QCP Capital points out that the Trump administration's first round of trade policies has triggered wild volatility in global markets. The yield curve has flattened in a bear market, with two-year yields rising and 10-year yields falling, indicating concerns about short-term inflation and the long-term risks to global growth from the trade war. The widening gold price gap between New York and London reflects not only the popular EF...
European Central Bank Governing Council member Villeroy said that we may further cut interest rates. (Golden Ten)
Elon Musk, head of the US government's Department of Efficiency, has accused the US Agency for International Development (USAID) of funding the development of biological weapons. "Did you know that USAID used your tax dollars to fund the development of biological weapons, including novel coronavirus, that killed millions of people," he wrote on social platform X. Musk previously said he considered USAID a "damn" criminal organization. The Associated Press quoted sources as saying that the US...
Hedge fund Elliott has warned that the Trump administration's support for cryptocurrencies has fuelled a speculative frenzy that could cause "havoc" when prices plunge. The $70 billion firm has taken aim at the US government's crackdown on assets with soaring prices but "no substance", according to an investor letter.
On February 2nd, local time on February 1st, US Secretary of State Rubio arrived in Panama City, the capital of Panama, by plane to officially start his visit to Panama. This is also Rubio's first foreign visit after taking office as US Secretary of State. He will start in Panama and visit five Latin American countries including Guatemala, El Salvador, Costa Rica, and Dominica. According to the currently announced itinerary, Rubio will meet with Panamanian President Mulino and visit the Panama C...
Rohit Chopra, who served as director of the Consumer Financial Protection Bureau (CFPB) during the Biden administration, was removed from his post by the Trump administration, according to people familiar with the matter. Chopra published a letter to Trump on X on Saturday, which read "This letter confirms that my term as CFPB director has ended." Chopra was confirmed by the Senate in September 2021. His departure was expected partly because of his aggressive regulatory style and partly because ...
Canadian Prime Minister Justin Trudeau: We are working hard to avoid tariffs, but if the United States takes action, Canada is ready to respond immediately and forcefully.
We are confident that inflation will stabilize at the target level as expected, and that monetary policy will no longer be restrictive in the near future, I predict during the spring and summer.
According to the Interfax news agency, the Russian government has extended the ban on gasoline exports until the end of February.
Bank of Japan Governor Kazuo Ueda: If the economic trend is in line with expectations, interest rates will continue to rise.
As of January 29, Musk posted on X, the US Department of Government Effectiveness (DOGE) has prompted 24 government departments including the Ministry of Education, GSA, OPM, EPA, Labor Department, Treasury Department, and Defense Department to terminate 85 DEIA (Diversity, Equity, Inclusion, and Accessibility) related contracts, totaling about $1 billion.
Hedge fund Elliott has warned that the Trump administration's support for cryptocurrencies has fuelled a speculative frenzy that could cause "havoc" when prices plunge. The $70 billion firm has taken aim at the US government's crackdown on assets with soaring prices but "no substance", according to an investor letter.