Following Kevin Warsh’s first monetary policy meeting as Federal Reserve chairman, the central bank on Wednesday announced its widely expected decision to leave interest rates unchanged. The Fed said it decided to maintain the target range for the federal funds rate at 3.50 to 3.75 percent, citing its dual goals of maximum employment and inflation […]
A report released by the National Association of Realtors on Wednesday showed a substantial increase in pending home sales in the U.S. in the month of May. NAR said its pending home sales spiked by 3.8 percent to 76.8 in May after rising by 0.3 percent to a downwardly revised 74.0 in April. Economists had
ETF inflows continue despite broader crypto weakness Institutional flows have remained one of the strongest aspects of XRP’s investment case over recent weeks. While Bitcoin and Ethereum ETFs experienced multi-billion-dollar outflows during the second half of May and early June, XRP-focused investment products continued attracting fresh capital, highlighting a notable divergence in institutional positioning. The
Markets are entering the Federal Reserve decision with remarkably little uncertainty about what policymakers will do, but considerable uncertainty about what they will signal next. The first FOMC meeting under Kevin Warsh as Chair is widely expected to deliver an unchanged federal funds rate at 3.50%-3.75%, with little chance of dissent. Following Stephen Miran’s departure
US retail sales are due at the bottom of the hour in an important check on the consumer. The consensus is that sales rose 0.5% in May, with the ex-autos number matching that. For the market, the most-important number is the control group, which excludes autos, gasoline and building materials. It’s expected up a healthy
Ireland’s foreign trade surplus decreased in May from a year ago as exports plunged amid a surge in imports, figures from the Central Statistics Office showed on Wednesday. On an unadjusted basis, the trade surplus declined to EUR 5.3 billion in May from EUR 10.5 billion in the corresponding month last year. Meanwhile, the surplus
2026.06.17 2026.06.17 Brent Plummets On Optimism Over US-Iran Deal. Forecast as of 17.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The most severe oil shock in recent history failed to push prices to record highs. Brent is rapidly retreating toward its pre-conflict levels, even though a formal agreement between the United States and Iran has yet to be signed. What
Macro update Brent crude extends its decline as peace hopes improve the supply outlook: Further details of the interim US-Iran agreement suggest sanctions on Iranian oil exports could be eased and the Straits of Hormuz, which handles around one-fifth of global crude and LNG shipments, could eventually reopen, although the timing of a full recovery
2026.06.17 2026.06.17 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 17.06.2026 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price is rising in the third part of a bullish correction. Long trades can be
The tech-heavy Nasdaq 100 is the most rate-sensitive of the major US benchmark stock indices. If the Fed removes its easing bias and the dot plot shifts higher (implying one rate hike in 2027), the Nasdaq 00 should underperform the Dow Jones Industrial Average and S&P 500. Monday’s monstrous gap-up rally in the US Nasdaq
CPI +0.2% vs +0.4% m/m expected Prior +0.7% CPI +2.8% vs +3.0% y/y expected Prior +2.8% Core CPI +0.3% vs +0.4% m/m expected Prior +0.7% Core CPI +2.6% vs +2.7% y/y expected Prior +2.5% The headline estimates were softer than expected but when viewed as a whole, UK inflation developments were little changed from April
Australia’s leading index signalled sluggish and below-trend growth in May, Westpac said Wednesday. The six-month annualized growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, rose slightly to -0.17 percent in May from -0.18 percent in April. Westpac
The DOW is sending a very different message from the rest of Wall Street. While the S&P 500 and NASDAQ spent much of the past two sessions showing signs of caution ahead of today’s FOMC rate decision, the DOW Jones Industrial Average pushed to a new record high. Under normal circumstances, traders would be reluctant
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The CNY 300 billion special bond announcement is the most market-concrete element of the statement and signals Beijing is moving from acknowledging bank capital stress to actively addressing it. Chinese bank stocks, particularly mid-tier and regional lenders most exposed to local government financing vehicles, may find near-term support on the recapitalisation signal. The explicit commitment
Key takeaways Global markets paused ahead of the Federal Reserve meeting, with investors reducing risk exposure before Fed Chair Kevin Warsh’s first policy decision and updated economic projections. The S&P 500 slipped 0.6%, while the Nasdaq 100 fell 1.9%. The collapse in crude oil prices continues to reshape the macro narrative, as WTI plunged to
The value of core machinery orders in Japan was up a seasonally adjusted 8.7 percent on month in April, the Cabinet Office said on Wednesday – coming in at 1,098.5 billion yen. That exceeded expectations for an increase of 1.2 percent following the 9.4 percent drop in March. On a yearly basis, orders jumped 15.6
