EUR/USD
1.16732
0.086%
Gold
4651.59
-0.002%
Oil
81.909
-3.125%
USD/JPY
159.246
0.096%
GBP/USD
1.36434
0.096%
GBP/JPY
217.271
0.201%
Real-time News
On August 26, IMF Managing Director Kristalina Georgieva urged governments to address rising fiscal risks, stating that "all countries need to address their own fiscal problems and develop and publish credible plans to ensure debt and deficits are on a sustainable track." She also called on central banks to "focus heavily on their price stability mandate." Georgieva noted that the global economy is under pressure from high inflation and trade tensions, but growth from AI investment has partially offset the shocks. However, rising bond yields and stalled inflation indicate a high degree of uncertainty about the economic outlook. She stated that the energy shock triggered by the Iran war is not yet over, and the global economy is facing a tug-of-war between "negative supply shocks from the Middle East" and "positive demand shocks from AI." She also warned that energy supply, El Niño weather, and the impact of AI on financial stability remain major risks.British Chancellor of the Exchequer: Supports US efforts to promote a diplomatic solution and welcomes increased pressure on Iran through means such as "economic isolation".British Chancellor of the Exchequer: (Regarding sanctions against Iran) He called on Iran to cease its disruptive activities in the region, including the Strait of Hormuz.On August 26th, the minutes of the Federal Reserves July discount rate meeting revealed that 10 regional Federal Reserve banks requested that the current main lending rate be maintained, while 2 regional Federal Reserve banks requested an interest rate hike. The Cleveland Fed and the Minneapolis Fed had voted to raise the main lending rate from 3.75% to 4%. The minutes show that the Federal Reserve Board ultimately approved maintaining the main lending rate at 3.75% and continuing to use the formula for calculating subprime and seasonal lending rates. Several Fed directors stated that the overall economic situation was stable, but some directors mentioned that inflation remained high, consumers were increasingly focused on prices, and fuel prices and surcharges were driven up by global events.According to Nikkei: Japan is seeking to fund the rare earth mining industry with long-term technological support.
