Author: News Room

A look at the day ahead in U.S. and global markets from Mike Dolan However the Federal Reserve spins it later, there’s some relief in other G7 economies at least that the disinflation process hasn’t completely stalled yet – offering some encouragement to badly bruised bond markets. As the Fed gets set to announce its latest policy decision and quarterly economic and rate projections on Wednesday, markets seem fairly comfortable with the state of play. After weeks of back and forth, futures are now priced for a first cut by July and 75 basis points of easing through the full…

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Kensington Palace isn’t just the home of the Prince and Princess of Wales. It is a carefully managed brand under the parent company of the British Monarchy, which has a millennium of practice spinning a good yarn. That’s partly why so many people find the palace’s PR strategy around the Case of the Missing Princess hard to comprehend. See here: Public speculation over Kate’s whereabouts and health has ballooned into a social media frenzy of conspiracy theories and…

The Federal Reserve is widely anticipated to keep interest rates unchanged. The revised dot plot and Fed Chairman Powell’s remarks could provide important clues about the policy outlook. The US Dollar could find extra legs in case of a hawkish outcome. The Federal Reserve (Fed) will announce monetary policy decisions following the March meeting and release the revised Summary of Economic Projections (SEP), the so-called dot plot, on Wednesday. Market participants widely anticipate that the US central bank will leave the policy rate unchanged at 5.25%-5.5% for the fifth consecutive meeting. The CME FedWatch Tool shows that markets see little…

Billy Markus, who made the iconic meme cryptocurrency Dogecoin in collaboration with Jackson Palmer, has published a tweet, sharing the “technology” used by those who are launching various small-cap meme coins these days. He also explained why he is not planning to buy any of these meme cryptocurrencies. In another tweet, Markus shared his wallet address, jokingly offering people to send him SOL meme coins. On the Twitter/X network, Markus is known as “Shibetoshi Nakamoto.” DOGE founder not going to buy any meme coins Billy Markus published an ironic tweet, offering the crypto community to send him SOL meme coins…

European Central Bank chief Christine Lagarde on Wednesday reiterated that policymakers will consider bringing interest rates down in June, but sketched an uncertain path beyond that. “By June we will have a new set of projections that will confirm whether the inflation path we foresaw in our March forecast remains valid,” Lagarde said in a speech in Frankfurt.The June meeting has been flagged as a potential turning point by many members of the ECB’s Governing Council — which votes on rate moves — as it will be the first gathering for which data from spring wage negotiations will be available.…

Ohio Republican primary voters’ broad support for Donald Trump may have helped propel his preferred candidate, businessman Bernie Moreno, to victory in the state’s GOP Senate primary Tuesday, according to the results of CNN’s exit poll in the state. The vast majority of Republican primary voters, more than 7 in 10, said it was at least somewhat important that the next senator in Ohio support the presumptive GOP presidential nominee. And that group broke heavily for the Trump-backed candidate, the exit poll found, with about 60% casting their vote for Moreno. By contrast, among the minority of voters who called loyalty to…

The Strv 122—a Swedish modification of a German Leopard 2A5 tank—is one of the best-protected tanks in Russia’s 25-month wider war on Ukraine. So of course the Russians are eager to get their hands on one. If not to inspect it, then at least to show it off for propaganda purposes. And they almost nabbed one of the heavyweight tanks—until Ukrainian drone-operators intervened. Sweden donated to Ukraine 10 of the 69-ton, four-person Strv 122s with their thickly-armored turrets and 120-millimeter smoothbore guns. All 10 tanks equipped the Ukrainian army’s 21st Mechanized Brigade, which defends a sector of eastern Ukraine around…

Puerto Rico offers an enticing proposition for wealthy Americans from the mainland seeking tax relief, but making the move can be challenging if you are not familiar with all the rules.Clarissa Cole, a managing director at the tax advisor firm Anderson — which specializes in expatriation consequences and planning, especially for high net-worth individuals — said some of the important details often missed or overlooked include residency, investments, and charitable contributions.Between 2021 and 2022, about 27,000 individuals moved from the US mainland to Puerto Rico, according to data collected by the US Census Bureau. Act 60, which provides financial incentives…

If you like your situation right now — your job, your house, your car — you can keep it. If you aren’t so satisfied, well, tough luck, because you might have to keep it anyway. Making a major life change, especially an upgrade, is going to come at a cost — one that many Americans would rather avoid, if they can manage it. Welcome to the “trapped in place” economy.”If you are trying to move, buy a car, whatnot, then you have all these bad buying conditions on top of everyday high prices, so it’s a double whammy,” Joanne Hsu, the…

By Rae Wee and Tom Westbrook SINGAPORE (Reuters) – Japan’s era of negative rates may be over, but some investors are convinced that low rates are not, meaning bets against the yen are back despite the Bank of Japan’s first hike in 17 years. While the BOJ move at Tuesday’s policy meeting marked a monumental shift, it stuck to its dovish tones and said it expects to maintain “accommodative financial conditions”. That sent traders scurrying back into popular yen ‘carry trades’, driving an already battered yen yet lower. “Japan still remains the lowest interest rate among the G10,” said Shafali…