Fed’s Jefferson says the American labor market has held up well in the face of recent economic pressures.
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Fed’s Jefferson says strong labor market conditions allow policymakers to prioritize restoring inflation to target.
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Tasnim reported that an unnamed military source claimed U.S. forces opened fire near Bandar Abbas following an IRGC confrontation with a U.S. tanker in the Strait of Hormuz.
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Fed’s Jefferson says long periods of price stability have historically enabled healthier long-term economic expansion.
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Tasnim reported, quoting a military source, that there were no reported casualties or material damage.
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WSJ: The Trump administration is discussing potential funding initiatives for American drone manufacturers.
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Neros and Unusual Machines, which is linked to Donald Trump Jr., are reportedly involved in deal discussions with the Trump administration, according to the WSJ.
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Taiwan overnight interbank rate edged up to 0.808% at the open from 0.807% in the prior session.
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The 2-year Japanese government bond yield eased to 1.365%, down 1.5 basis points.
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China’s central bank set the yuan reference rate at 6.8240 against the dollar after the currency closed at 6.7793.
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HALF OF ALL AMERICANS REPORT: THE FUN IN OUR LIVES IS GONE FOREVER, PER STUDYFINDS
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China fixed the yuan at its firmest midpoint level since Feb. 15, 2023.
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STUDENT LOAN DELINQUENCIES HIT RECORD $171.4 BILLION IN Q1 2026 — WORSE THAN 2019 PEAK!
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US DEBT CRISIS WORSENS: EMERGING MARKETS DUMP US TREASURIES AT RECORD SPEED — $86 BILLION GONE IN MARCH!
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RICHEST AMERICANS CONTROL NEARLY HALF OF ALL CONSUMER SPENDING FOR THE FIRST TIME EVER
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Washington expanded Iran sanctions by placing the Persian Gulf Strait Authority on the Treasury’s SDN list.
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Australia Private Capital Expenditure Q1: 6.5% (est 1.0%; prev 0.4%)
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The yuan began trading at 6.7781 against the dollar after closing at 6.7793 in the prior session.
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Australia Household Spending (M/M) Apr: -1.1% (est –0.5%; prev 1.6%)
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Bank of Korea said board member Ryoo Sang-dai opposed Thursday’s rate decision.
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U.S. TREASURY SANCTIONS “STRAIT OF HORMUZ AUTHORITY” IN LATEST MOVE TARGETING IRAN’S SHIPPING AND ENERGY NETWORKS.
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