Daily Economic Reports

The U.S. dollar wavered on Friday, heading for a 2% decline in August against major currencies, as markets weighed rising expectations of a Federal Reserve interest rate cut next month against concerns over the central bank’s independence. President Donald Trump’s attempts to influence monetary policy, including firing Fed Governor Lisa …

Oil prices fell in Asian trading on Friday, reversing some of Thursday’s gains, amid fading hopes for a Russia-Ukraine peace deal and renewed focus on U.S. tariffs on India. Brent October futures dropped 0.8% to $68.10/barrel. WTI crude futures fell 0.7% to $64.14/barrel. Both contracts are on track for monthly …

Q2 Earnings Season Wraps Up with Mixed Results and AI-Driven Shifts The second quarter earnings season is drawing to a close, delivering a largely positive set of results for Corporate America. Over 92% of S&P 500 companies have reported, with earnings per share projected to rise by 11% compared to …

A curious paradox exists in modern economic reporting: rising consumer debt is often presented as a sign of economic confidence. Analysts and media outlets frequently cheer as households borrow more, framing it as a signal of optimism and a willingness to spend. However, a closer look at the data reveals …

Gold prices have surged, reaching a five-week high above $3,400, as market attention shifts from robust economic data to rising political uncertainty surrounding the Federal Reserve. Despite strong indicators of a resilient U.S. economy, safe-haven demand for the precious metal is dominating market sentiment. The rally is being fueled by …

A recent lawsuit filed in federal court is challenging President Donald Trump’s decision to fire Federal Reserve Governor Lisa Cook. The lawsuit names both the president and Fed Chair Jerome Powell as defendants.Cook’s lawsuit argues that the president’s action was “unprecedented and illegal” and that there was no “cause” for …

The U.S. economy is proving to be far more resilient than initially thought. Recent data from the Bureau of Economic Analysis shows a significant upward revision to the second-quarter growth rate, with the Gross Domestic Product (GDP) now estimated to have grown at an annual rate of 3.3%. This figure …

Price Action (1033 GMT) Brent Crude: $67.77, -0.4% WTI Crude: $63.94, -0.3% Key Drivers Seasonal Demand: U.S. Labor Day weekend marks the unofficial end of summer driving season, expected to reduce gasoline consumption. Russian Supply: Druzhba pipeline deliveries to Hungary and Slovakia resumed after last week’s outage due to a …

Price Action Bitcoin (BTC): $112,869.5, +1.7% Recent Trend: Fell below $109,000 earlier this week (seven-week low), now recovering slightly. Year-to-Date Movement: Down >10% from August peak above $124,000. Drivers Fed Rate Cut Expectations: Traders price ~85% chance of a 0.25% rate cut in September. Trump & Fed Uncertainty: President Donald …

The U.S. dollar struggled to advance against major currencies on Thursday amid growing bets that the Federal Reserve could reduce interest rates next month. Traders reacted to comments from New York Fed chief John Williams, who signaled a rate cut was possible, and to President Trump’s campaign to replace Fed …