The Trump administration is once again pressuring the Federal Reserve , as newly appointed Treasury Secretary Scott Bessent calls for immediate interest rate cuts. Treasury Secretary Scott Bessent His appeal comes amid signs of economic uncertainty and inverted bond yields, often seen as a precursor to recession. The Trump administration is once again pressuring the Federal Reserve, as newly appointed Treasury Secretary Scott Bessent calls for immediate interest rate cuts. His appeal comes amid signs of economic uncertainty and inverted bond yields, which are often seen as a precursor to recession. “The bond market is clearly flashing caution,” Bessent said at a policy forum. “It's time for the Fed to respond accordingly.” The administration believes that easing rates now would support consumer spending and business investment, especially with inflation easing. This stance aligns with President Trump’s pro-growth agenda, especially ahead of the 2...
A powerful explosion rocked the Shahid Rajaee port near Bandar Abbas in Iran’s Hormozgan province early Saturday morning. Massive Blast Shakes Key Iranian Trade Hub Iranian state media confirmed that at least four people lost their lives, while more than 500 individuals suffered varying degrees of injuries. The blast sent thick plumes of black smoke into the sky, visible from miles away, and disrupted vital commercial operations at one of Iran’s largest shipping hubs. Rescue Operations Underway Amidst Extensive Damage Emergency teams, led by the Iranian Red Crescent Society ’s Relief and Rescue Organization, quickly mobilized to control the situation. Babak Mahmoudi, the organization's head, stated that the death toll might rise as search and rescue operations continue through the mangled wreckage. Hospitals in the Hormozgan province hav...
The escalating US-China trade war continues to send shockwaves through global markets, driving up trade costs and disrupting long-standing economic relationships. US-China Trade War Sparks Global Uncertainty and Shifting Alliance With each country slapping tariffs on billions of dollars’ worth of goods, uncertainty looms over multinational corporations and investment flows. Major companies like NVIDIA are already feeling the heat: potential losses could reach up to $5.5 billion due to Washington’s tightening restrictions on chip exports, specifically the H20 line, to China. Although a total economic decoupling between the two superpowers is improbable, the sustained friction is catalyzing a global realignment. For instance, the European Union may find new openings to deepen its economic ties with China, even as it remains wary of issues such as industrial subsidies a...
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