Fed’s Hammack says policy restrictiveness still needed
Cleveland Federal Reserve (Fed) President Beth Hammack said on Thursday on Fox Business that the job market is broadly in balance, while adding that “we need restrictiveness in policy.”
Economy
US President Trump hits Canada on trade, says Hormuz Oil keeps flowing
US President Donald Trump held a press conference on Thursday at the White House, where he insisted that Canada has been "ripping" off the US on trade and that it wants to be “treated like a state.”
Crude Oil takes back the reopening it bought on Tuesday
Crude Oil trades near $83.50 on Thursday, ahead 2.52% and more than $3.00 above a session low just above $80.00 printed at 07:00 GMT. The final leg is the loud one, better than a dollar inside the twenty minutes before …
Federal Reserve Board issues enforcement action with former employee of Banco Popular de Puerto Rico
The Federal Reserve Board on Thursday announced the execution of the following enforcement actions listed below:
AI-proof? Younger workers desert the digital world for traditional crafts
It’s a bleak moment for young people entering the workforce for the first time . For decades, a university degree seemed to promise a stable career – but entry-level white-collar jobs across almost all sectors are being…
What the Meta settlement means for the UK, and other questions after the deal
Meta's $18bn (£13.3bn) settlement with nearly every US state is about more than money.
Hackers steal data from millions of airport customers
Three major UK airports have been hit by a "cyber security incident" in which criminal hackers accessed the data of almost nine million people and demanded a ransom.
The US Dollar Index sits still through two hawkish speeches
The US Dollar Index trades just above 99.00 on Thursday, unchanged on the session across a range of less than a fifth of a point. That sits roughly 2.6% beneath the June peak just under 102.00 and beneath a rolling 50-d…
Bitcoin Is Up 22%: Has the Halving Cycle Begun?
Bitcoin peaked a year ago, hitting an all-time high of $126,210 in October 2025, and has since fallen more than 50%, bottoming near $58,000 two months ago. The tide may be turning; over the last week, Bitcoin rose by ov…
Bots and bargains: Zara owner launches cut-price Lefties in UK to rival Primark
The owner of Zara is taking on Primark, Shein and the supermarkets with the launch of its cut-price chain Lefties in Britain, backed by an army of robots.
Canadian dollar falls as traders weigh Fed outlook and U.S. dollar strength
Gold (XAU/USD) attracts sellers on Tuesday, snapping a two-day winning streak as a firmer US Dollar (USD) and rising long-term US Treasury yields weigh on the precious metal. At the time of writing, XAU/USD trades aroun…
Japanese Yen : Range holds with BoJ hike expectations – BBH
Brown Brothers Harriman’s (BBH Elias Haddad notes USD/JPY is stuck between resistance at 160.00 and support at the 200‑day moving average, as Bank of Japan (BoJ) officials maintain hawkish guidance and underlying inflat…
One in eight young people still out of work or education ahead of major review
Just under one million young people in the UK are not in education, employment or training (Neet).
US yields tick higher as energy drop pauses amid Fed uncertainty
WASHINGTON – The Federal Reserve kept its key interest rate unchanged again and gave no signal it plans to lower rates in September despite mounting pressure from President Donald Trump and his appointees on the Fed’s p…
Canadian Dollar: Trade war complicates BoC path – Standard Chartered
Standard Chartered economist Dan Pan expects the Bank of Canada (BoC) to keep its policy rate at 2.25% and delay a 25bps cut to December, citing a Q2 growth rebound that reduces the need for immediate easing. The report…
Gold eases as traders await clearer signals on the Fed interest rate path
Gold (XAU/USD) erases its earlier intraday gains on Thursday as buyers turn cautious after a strong rally this month. The precious metal climbed to $4,697 earlier this week, its highest level since May 14, and is still …
Euro retreats below 1.1650 as inflation data buoys US Dollar ahead of Jackson Hole
The Euro (EUR) heads lower for the second consecutive day on Thursday, with the US Dollar (USD) supported by strong US inflation data released on Wednesday. The EUR/USD pair trades at weekly lows sub-1.1650 during the E…
British Pound drops to weekly lows below 1.3600 as US Dollar gathers momentum
The British Pound (GBP) extends losses for the second consecutive day on Thursday, as the US Dollar (USD) strengthens after the hot US inflation report released on Wednesday. The GBP/USD pair is trading at one-week lows…
ECB Is Gradually Shifting Towards a September Rate Hike
The international environment remains volatile, and the euro area – an open economy that is well integrated into global supply chains and international financial markets – could face strains ahead. While the acute risk …
Australian Dollar remains firm on firm RBA interest rate hike prospects
The Australian Dollar (AUD) is up 0.1% at around 0.7180 against the US Dollar (USD) during the European trading session on Thursday. The Aussie pair remains firm this week due to continued outperformance by the antipode…
Youth unemployment in UK falls below 1 million
The number of young people not in education, employment or training (Neet) across the UK fell below 1 million in the latest three-month period.
Oil: Hormuz supply recovery eases risk premium – BNY
Geoff Yu at BNY notes that improving flows through the Strait of Hormuz are easing Oil supply fears and supporting a lower Brent price profile. Kuwait and Qatar have restored crude shipments to about 70% of pre-war leve…
Where are the next commodity opportunities?
Structural scarcity in critical minerals is not just an investment story. It is a business-building opportunity that most of the startup world hasn’t noticed yet.
Meeting of 22-23 July 2026
Ms Schnabel started her presentation with the observation that since the Governing Council’s monetary policy meeting on 10-11 June 2026 financial markets had continued to be driven by the evolving conflict in the Middle…