EUR/USD
1.16034
0.128%
Gold
4342.85
0.785%
Oil
77.340
-3.131%
USD/JPY
160.312
-0.021%
GBP/USD
1.34193
0.052%
GBP/JPY
215.132
0.040%
Real-time News
The June ZEW economic sentiment index for Germany and the Eurozone will be released in ten minutes.European Investment Bank President: Will not run for the position of President of the European Central Bank.The president of the European Investment Bank stated that the EU is discussing measures to give the European Investment Bank an important role in Ukraines post-war reconstruction.The president of the European Investment Bank said a huge deal will be signed later this month with a major European defense company.On June 16th, it was reported that Kevin Warsh, who served as a Federal Reserve Governor from 2006 to 2011, was known for his hawkish stance. However, as a nominee for Fed Chair, he advocated for lower borrowing costs and predicted that AI-driven productivity gains and the Feds balance sheet reduction could be forces to curb inflation. Darius Dale, founder and CEO of 42 Macro, stated, "I dont think anyone really knows what Kevin Warshs true reaction function is right now. Another unknown is how much his FOMC colleagues will accept his vision. During his Senate confirmation hearings, Warsh stated that the Fed failed to deliver on its promises. Warsh has been publicly criticizing the Fed for years with such vehement language that I think it will pose considerable difficulties for him in leading the institution." Furthermore, Dale emphasized Warshs two important mentors—Stanley Druckenmiller and the late Milton Friedman. Warsh studied under two of the worlds most outstanding economists, whose views on how the economy works differ significantly from those of current FOMC members. Some of the topics he will discuss are ones we may never have heard from Federal Reserve officials in decades.
