Year: 2025

President Trump will hold a rally Friday at a U.S. Steel plant near Pittsburgh, one week after signaling he had cleared a merger with Japan’s Nippon Steel.

Musk, the Tesla and SpaceX CEO, worked for Trump’s DOGE effort after spending over $250 million helping to get him elected.

This article was written by Greg Michalowski at www.forexlive.com.

The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.

JPM Jamie Dimon:

• We need to fix a lot of things. We need to fix us.
• The dollar may not be the reserve currency if we don’t get our act together.
• US should be taxing carry forward interest
• Not increase SALT deduction
• Says we are going to see a crack in the bond market.
• Don’t know if crisis will be in 6-months or 6-years.
• The Fed is right to give time to policy.
• The Fed has to wait and see.
• In the future I see inflation. I don’t see deflationary stuff
• Deregulation and permitting would help growth and inflation
• We should aspire to 3% growth per year.
• AI may be deflationary but not next year.
• I would entertain running for public office if I thought I would have a chance to win.

The markets sold off on the comments on a Friday..

• Dow is down -0.48%
• S&P is down -0.90%
• Nasdaq is down -1.42%

This article was written by Greg Michalowski at www.forexlive.com.

US headline PCE price index rose 0.1% mom in April, in line with expectations, while annual inflation slipped from 2.3% yoy to 2.1% yoy, below the consensus of 2.2%. Core PCE, Fed’s preferred inflation gauge, also rose 0.1% mom and slowed from 2.6% yoy to 2.5% yoy, matching expectations. The data supports the view that […]

The post US core PCE inflation cools to 2.5%, income surges appeared first on Action Forex.

Switzerland’s KOF Economic Barometer edged up to 98.5 in May from 97.1, marking a modest improvement in economic sentiment. While the uptick is a positive signal, the barometer remains below its long-term average, suggesting that the broader outlook for the Swiss economy “remains subdued”. According to the KOF, the manufacturing sector showed notable strength, contributing […]

The post Swiss KOF rises to 98.5, but growth outlook remains subdued appeared first on Action Forex.

“The proliferation of AI in all aspects of business is increasing the need for our AI security,” said CEO Jay Chaudhry in a release.

UK universities will be ramping up efforts to attract Chinese students via initiatives and financial incentives as the U.S. revokes visas.

The Fed has indicated that interest rates aren’t coming down just yet. Here’s how to make the most of where we stand.