US President Trump says mortgage rates hit a 3-year low despite "Too Late" Powell; the Fed has been discredited during Chair Powell's reign
President Trump's comments on mortgage rates hitting a three-year low, alongside his criticism of the Fed under Chair Powell, suggest a growing sentiment that monetary policy is misaligned with economic needs.
PBoC injects CNY 125bln via 7-day reverse repos with the rate maintained at 1.40%
PBoC sets USD/CNY mid-point at 6.9929 vs exp. 6.9481 (prev. 7.0014)
US President Trump says mortgage rates hit a 3-year low despite "Too Late" Powell; the Fed has been discredited during Chair Powell's reign
[MARKET UPDATE] Precious metals continuing to bid higher, as XAU nears USD 5k/oz (currently at USD 4960/oz) while XAG tops USD 97/oz
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This rhetoric can impact market expectations for future rate decisions, potentially increasing pressure on the Fed to act more decisively. Traders should watch for shifts in the USD, equities, and broader fixed income markets as investors reassess rate trajectories in light of these remarks.
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