EUR/USD
1.15853
-0.568%
Gold
4458.14
-3.118%
Oil
82.713
-0.301%
USD/JPY
160.075
0.430%
GBP/USD
1.35378
-0.402%
GBP/JPY
216.693
0.027%
Real-time News
Russian officials say one person was killed in an attack by Ukraine on the Russian-controlled Luhansk region.On August 30th, Nick Timiraos, a vocal advocate for the Federal Reserve, wrote that Fed Chairman Warsh quelled some concerns about his inflation-fighting strategy, but also laid the groundwork for a potentially bigger test three weeks later. A Fed rate hike could anger the White House weeks before the midterm elections. Holding rates steady could reignite the doubts quelled by his speech. Two points in Warshs Friday speech particularly suggest a Fed rate hike next month: first, Warsh found it difficult to call current financial conditions restrictive; second, the relatively positive inflation data over the summer did not convince him that the underlying trend was improving. Prior to Friday, the Feds default stance was to hold rates steady unless the data was sufficient to support action. Former Fed Vice Chairman Cohn stated that Warshs speech reversed this logic. "He has changed his previous assumptions; now hell raise rates unless the data shows no need." This means the final decision will depend on developments before the September meeting, especially the August CPI data released on September 11th. Cohn stated that the Fed should not raise interest rates if the data indicates that no action is necessary; however, strong data could weaken the argument that inflation is falling toward the Feds 2% target.Ukrainian President Volodymyr Zelenskyy: Overnight, the Ukrainian Armed Forces struck facilities in Russias Oryol and Rostov regions used for storing, preparing, and launching attack drones. The Ukrainian forces also carried out strikes on a military airfield in Yeysk and in the Black Sea region, as well as a long-range strike on an oil refinery in Leningrad Oblast that generates millions of dollars in revenue monthly for Russias war budget.August 30 - According to the European-Mediterranean Seismological Centre, a 5.9-magnitude earthquake struck the sea near the Kermadec Islands of New Zealand at approximately 21:02 local time on August 30. The epicenter was located at approximately 30.0697 degrees south latitude and 177.1853 degrees west longitude, with a focal depth of about 35 kilometers. There are currently no reports of casualties or property damage.On August 30th, NASAs $4.3 billion telescope is scheduled to launch on Sunday, embarking on a 5- to 10-year mission to observe some of the universes most peculiar phenomena. NASAs Nancy Grace Roman Space Telescope will launch aboard a SpaceX Falcon Heavy rocket at 7:26 a.m. local time from Cape Canaveral, Florida. The launch will place the spacecraft into orbit at its final destination, aiming to operate approximately 1 million miles from Earth, and begin observing the skies as early as December. The Roman Space Telescope is specifically designed to explore some of the universes most perplexing and mysterious forces. It will attempt to record how dark matter and dark energy influence distant stars and galaxies and help scientists answer some fundamental questions about how the universe is expanding.
