EUR/USD
1.16072
-0.311%
Gold
4614.39
-0.270%
Oil
59.080
-3.109%
USD/JPY
158.625
0.123%
GBP/USD
1.33796
-0.499%
GBP/JPY
212.227
-0.362%
Real-time News
Market news: The U.S. Senate has passed a bill to increase federal science spending, after the White House had sought significant cuts.Foreign central banks held $3.888 billion in U.S. Treasury securities in the week ending January 16, compared with $32.218 billion in the previous week.On January 16th, Hassett, a leading candidate for the next Federal Reserve Chair, denied concerns that he would struggle to persuade other Fed officials to support his views if appointed. Hassett stated on Thursday, "Im tough enough to win debates. Anyone who comes to the White House and faces all the questions they might be asked for five years—like me—is tough enough to handle hostile situations and help people understand why they are right or wrong." Hassett has consistently argued that Fed Chair Powell and his colleagues have been too slow in cutting interest rates, a view shared by Trump. Fed watchers point out that interest rate decisions depend on a majority vote on the Federal Open Market Committee, and a Trump-nominated chair may not be able to forge a consensus on significant rate cuts. Hassett reiterated that Trump believes the Fed, under Powells leadership, has been politically biased, cutting rates before the 2024 election but halting the easing cycle after Trumps inauguration in 2025. "He believes that sometimes their decisions appear partisan," Hassett said.JPMorgan Chase CEO Jamie Dimon: I "absolutely cannot" become the Federal Reserve Chairman.The Dow Jones Industrial Average rose 292.81 points, or 0.60%, to close at 49,442.44 on Thursday, January 15; the S&P 500 rose 17.88 points, or 0.26%, to close at 6,944.48; and the Nasdaq Composite rose 58.27 points, or 0.25%, to close at 23,530.02.
