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Japan February 2024 household spending data: -0.5% y/y expected was -1.7%, prior +0.8% +3.5% m/m expected +0.5%, prior -4.5% Yen is swinging around so far on the session, traders are jittery after the hug moves in response to Trumpo’s tariffs. This article was written by Eamonn Sheridan at…

Morgan Stanley has withdrawn its forecast for a U.S. Federal Reserve rate cut in June, citing rising inflation risks stemming from Trump’s newly announced tariffs. The bank now expects the Fed to hold rates steady through to March 2026. Trump announced sweeping tariffs on US imports on Wednesday,…

Japan finance minister Kato says has no comment on forex warns tariffs could have a significant impact on trade systems also impact on economies This article was written by Eamonn Sheridan at www.forexlive.com.

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The New Civil Liberties Alliance (NCLA), a conservative legal group, has filed the first lawsuit challenging Trump’s new tariffs on Chinese imports. The suit claims Trump exceeded his legal authority by imposing tariffs under the International Emergency Economic Powers Act (IEEPA). It was filed in federal court in…

Forecasts for Reserve Bank of Australia interest rate cuts ramped higher in the wake of Trump’s tariff trade war announcement on Wednesday. ANZ see the RBA cutting by 25bp at the next meeting, in May then further cuts in July and August The current cash rate is 4.1%…

Morgan Stanley raising around 100 billion yen for Japan-focused real estate fund Morgan Stanley fund is due to close in June Headlines via Reuters citing unnamed sources This article was written by Eamonn Sheridan at www.forexlive.com.

Whirlpool Corp. will lay off 651 workers from its Amana manufacturing facility effective June 1 company cites reduced consumer demand for its refrigeration products More here. ps. this is not breaking, it was out Thursday US time ICYMI. This article was written by Eamonn Sheridan at www.forexlive.com.

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