US President Trump says no plans to remove Fed Chair Powell
President Trump’s affirmation of Fed Chair Powell's position brings stability to market expectations surrounding U.S.
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US President Trump says no plans to remove Fed Chair Powell
[MARKET UPDATE] Precious metals accelerate losses with spot gold now under USD 4,600/oz and spot silver under USD 90/oz; losses triggered from an unwinding of risk premia as the US looks for a more targeted approach with Iran
[MARKET UPDATE] Hang Seng (-0.4%) and Shanghai Comp (-0.3%) open lower as the region conforms to the losses seen stateside
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monetary policy. This suggests that the Fed's current course is likely to remain intact, reassuring investors in equities and fixed income alike about a consistent rate environment. The absence of potential leadership changes at the Fed could support the USD and mitigate volatility across risk assets as traders assess the outlook for rates.
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