EUR/USD
1.15414
0.000%
Gold
4422.38
1.245%
Oil
81.865
-0.389%
USD/JPY
159.227
-0.045%
GBP/USD
1.35055
-0.013%
GBP/JPY
215.049
-0.057%
Real-time News
On August 12th, JPMorgan Asset Managements chief global strategist stated that the Federal Reserve should maintain interest rates and expects inflation to gradually decline as increasing evidence suggests a persistent wage-price spiral will not form. David Kelly, speaking after the release of the July Consumer Price Index, said, "The Fed should absolutely hold off, and I actually think they will." The report showed that core inflation in the US remained moderate in July, and US Treasury bonds continued their upward trend after the news was released. Kelly pointed out that three forces are working together to significantly cool inflation: tariff costs will decline year-on-year; oil prices will fall as markets become optimistic that the Iran war will end; and wage growth continues to lag behind inflation. He added that the last point weakens the momentum needed for price pressures to form a self-reinforcing cycle, meaning the Fed doesnt need to raise interest rates to curb inflation. Kelly noted that financial markets are currently highly leveraged, and even a small rate hike could trigger asset repricing.Ukraines Deputy Minister of Infrastructure stated that due to escalating Russian attacks, only 159 ships entered the Odessa port hub for loading in July, compared to nearly 400 during the same period last year.Israeli Defense Minister Katz: The Israel Defense Forces will continue to be stationed in the security zones of Lebanon, Syria, and Gaza.Russian Defense Ministry: Russia struck a ship in the port of Odessa.Texas Governor: CleanSpark will comply with data center standards.
