Fed independence in the spotlight as markets await key inflation gauge

Fed independence in the spotlight as markets ...

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Fed divided, AI earnings diverging, oil ever higher

The US Federal Reserve remains on hold but is the most divided since 1992. Kevin Warsh advanced in a key Senate vote to become the new chairman of the Fed next month. The ascent of the oil price continues amid reports of another military escalation. Major US technology firms reaf ...  Show more

Markets eye Big Tech earnings & final Powell rate call

Oil prices surged above USD 110 on supply concerns stemming from the stalled Iran war and news of an extended blockade of Iran. The rally was capped by historic news that the UAE will exit OPEC. In equities, AI-driven gains faltered amid questions about OpenAI’s growth prospects. ...  Show more

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