Daily Economic Reports

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 …

The Dow Jones Industrial Average (DJIA) advanced on Wednesday, mirroring a broader upward trend in the equities market. Despite a lack of major market-moving news, investors are showing a renewed appetite for stocks. Key economic data, including U.S. GDP growth and PCE inflation figures, are scheduled for release later in …

NVIDIA is cementing its role as a titan in the tech industry, announcing impressive financial results for the second quarter of fiscal 2026. The company reported a significant surge in revenue, reaching $46.7 billion, marking a 6% increase from the previous quarter and a massive 56% leap from the same …

The US Dollar experienced a rollercoaster session on Wednesday, swinging between gains and losses before ultimately surrendering its early advances. This indecisive trading behavior stemmed from persistent worries over the Federal Reserve’s independence and a lack of significant progress in ongoing trade negotiations, leaving investors on edge as the day …

WTI (West Texas Intermediate) Crude Oil is rebounding on Wednesday after a sharp 2.27% drop in the previous session. At the time of writing, the US benchmark trades near $64.00 per barrel, up 1.2% on the day and recovering from a five-day low of $62.80 hit earlier in European trading …

Gold prices edged lower on Wednesday, retreating from a recent two-week peak of $3,394 under pressure from a resurgent US dollar. Despite ongoing political turbulence surrounding efforts to remove a Federal Reserve governor, the precious metal remains supported by broader uncertainties in monetary policy.During the American trading session, gold was …