Markets News

The drama of "firing Powell" has been updated again, with Bessent acting as a lobbyist in private, and Trump saying "no need"!

The drama of "firing Powell" has been updated again, with Bessent acting as a lobbyist in private, and Trump saying "no need"!

· Amid the US's tough trade stance, the EU is preparing retaliation plans. Previously, Trump escalated pressure on the EU: minimum tariffs could rise to 15%-20%. This news is bearish for the dollar. · The European Union has approved the 18th round of sanctions against Russia, which primarily target the "core of Russia's war machine," including the banking, energy, and military-industrial sectors, as well as a new dynamic oil price cap mechanism. This news is bullish for crude oil. · The University of Michigan Consumer Sentiment Index rose slightly by about 1 point to 61.8 in July, hitting a five-month high; consumers' expectations for price increases over the next year fell to 4.4%, the lowest since February. This news is bearish for the dollar.

Harvey
2025-07-21 08:37:33
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