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The post Fed’s Powell says credibility lost if President can fire officials appeared on BitcoinEthereumNews.com. Former Federal Reserve (Fed) Chair Jerome Powell said the US central bank would damage public trust that’s required to support a strong and stable economy if any president were free to dismiss Fed officials over policy disagreements, Bloomberg reported on Monday. Powell’s remarks came as the US highest court is deliberating the fate of Fed Governor Lisa Cook, whom US President Donald Trump has sought to fire over unproven mortgage fraud allegations. Cook has denied the charge. Key quotes If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well. The Fed’s credibility would be lost. Our credibility has been built and sustained over many decades, and we have a duty to safeguard that priceless asset for our fellow citizens and for generations to come. Market reaction At the time of writing, the US Dollar I
Read full articleThe diplomatic strain may hinder US-Mexico cooperation, potentially affecting future extraditions and escalating anti-cartel operations. The post Mexican president accuses US of interference over extradition requests appeared first on Crypto Briefing.
The post Elon Musk Says Bloomberg SpaceX IPO Valuation Report Is False appeared on BitcoinEthereumNews.com. Elon Musk replied “False” to a report claiming SpaceX lowered its IPO valuation target. Bloomberg reported that SpaceX is targeting at least $1.8 trillion in its IPO. The report said SpaceX may seek to raise as much as $75 billion. Elon Musk has denied a report that SpaceX lowered its initial public offering valuation target ahead of its expected market debut. Musk replied “False” on X after a post cited Bloomberg’s report that SpaceX was now targeting a valuation of at least $1.8 trillion. The response added fresh attention to one of the most closely watched IPO plans in global markets. SpaceX is expected to list under the ticker SPCX, with investors tracking its valuation, fundraising size, and listing timeline. Musk Pushes Back on Valuation Report Bloomberg reported that SpaceX is currently targeting a valuation of at least $1.8 trillion in its planned IPO. The report cited pe
The post Gold holds below two-week top as Iran risks and hawkish Fed lift USD appeared on BitcoinEthereumNews.com. Gold (XAU/USD) kicks off the new week on a subdued note and remains on the back foot below a two-week top, around the $4,600 neighborhood, touched on Friday. Persistent geopolitical uncertainties, along with hawkish US Federal Reserve (Fed) expectations, help the US Dollar (USD) regain positive traction, which, in turn, is seen as a key factor acting as a headwind for the commodity. The precious metal, however, manages to hold above the $4,500 psychological mark as trades seem hesitant and opt to wait for further progress in US-Iran peace talks. Iran’s Foreign Minister, Abbas Araqchi, told state media on Sunday that talks and message exchanges with the US are ongoing, though he cautioned against reading too much into unconfirmed reports about the negotiations. Earlier, Iran’s chief negotiator, Mohammad Bagher Qalibaf, stated that the country will not accept any agreement u
The post Silver Price Forecast: XAG/USD holds gains above $75.50 amid Iran deal uncertainty appeared on BitcoinEthereumNews.com. Silver price (XAG/USD) holds gains after experiencing volatility, trading around $75.60 per troy ounce during the Asian hours on Monday. The non-yielding white metal traded sideways as market participants closely assessed the highly fluid developments surrounding United States (US)-Iran peace negotiations. According to a BBC report, US President Donald Trump is seeking to alter and reinforce several key terms of a proposal aimed at ending the conflict. These requested changes specifically target regulations surrounding the strategic Strait of Hormuz and the mandatory removal of highly enriched uranium from Iran. Iranian officials are projecting a mix of caution and firm resolve. Iranian Foreign Minister Abbas Araghchi confirmed that dialogue and message exchanges with Washington remain ongoing, though he dismissed current media commentary as mere speculation,
The post EUR/USD Price Forecast: Starts the US NFP week cautiously appeared on BitcoinEthereumNews.com. The EUR/USD pair trades slightly lower to near 1.1645 during the Asian trading session on Monday. The major currency pair faces marginal selling pressure as the US Dollar (USD) ticks up, with investors awaiting key United States (US) economic releases this week, especially the Nonfarm Payrolls (NFP) data for May. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.1% higher to near 99.03. Investors will pay close attention to the US NFP data to get fresh cues on the Federal Reserve’s (Fed) monetary policy outlook. Later in the day, market participants will focus on the US ISM Manufacturing PMI data for May, which will be published at 14:00 GMT. In the Eurozone, investors await the preliminary Harmonized Index of Consumer Prices (HICP) data for May, which will be released on Tuesday. The inflation data will influence mark
The post United States Dollar Index gathers strength above 99.00 on US-Iran truce deal uncertainty appeared on BitcoinEthereumNews.com. The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.05 during the Asian trading hours on Monday. The DXY holds positive ground surrounding the US-Iran peace deal. The US ISM Manufacturing Purchasing Managers Index (PMI) report will be published later on Monday. Iranian Foreign Minister Abbas Araghchi said on Sunday that talks and message exchanges with Washington were ongoing, but stressed that no assessment of negotiations could be made until a clear outcome was reached, per the BBC. On Monday, US President Donald Trump requested that edits be made to the US-Iran deal aimed at bringing an end to fighting that began earlier this year, the BBC reported on Sunday. The changes are related to the Strait of Hormuz and the removal of highly enriched uranium. Th
US support for Israeli escalation may hinder peace prospects, increase regional tensions, and complicate diplomatic resolutions in the Middle East. The post US backs Israeli military escalation against Hezbollah in Lebanon appeared first on Crypto Briefing.
The proposed ceasefire could stabilize regional tensions, impacting global markets and crypto investments by reducing geopolitical risk. The post US proposes ceasefire plan to Lebanon and Israel as crypto markets watch for risk-on signals appeared first on Crypto Briefing.
