FX swap points declined across all tenors as US inflation concerns and rising interest rates kept the market pressured with no buying interest, with the 1-year tenor falling 0.30 won to -14.50 won amid expectations for continued rate hikes by major central banks.
#YonhapInfomax #FxSwapPoints #UsInterestRates #InflationConcerns #ForeignCurrencyFunding #TreasuryYields #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=121377US inflation jumped to 3.8% in April as war with Iran continues to drive up prices
By Gaya Gupta
Prices rose 3.8% over the last year, according to Bureau of Labor Statistics data, highest jump since 2023
https://www.theguardian.com/business/2026/may/12/us-inflation-april-iran-war
#Inflation #USeconomy #USinterestrates #Consumerspending #FederalReserve #Business #Economics #USnews #GayaGupta
US inflation jumped to 3.8% in April as war with Iran continues to drive up prices
Prices rose 3.8% over the last year, according to Bureau of Labor Statistics data, highest jump since 2023
Kevin Warsh accused of being Trump's 'sock puppet' as senators grill Fed chair nominee – video
During Warsh's confirmation hearing, Democratic senator Elizabeth Warren expressed concerns that Federal Reserve nominee would become a 'sock puppet' for Donald Trump
Trump’s push to cut interest rates has echoes of ‘banana republic’, says Yellen
Former US Fed chair says lowering rates to reduce debt service cost can lead to inflation getting out of control
US inflation stayed flat at 2.4% in February before effects of war on Iran kicked in
Effect of war on prices not reflected in data, as Trump says only ‘fools’ would think oil price shocks would be significant
Average long-term mortgage rate falls below 6% in time for spring home-buying season
Benchmark 30-year fixed mortgage rate fell to 5.98% from 6.01% last week, the lowest level since September 2022
Trump’s trade war risks undermining hopes of hefty US interest rate cuts
Upping tariffs may have lifted the president’s mood but it is a headache for the Federal Reserve and its next chair
Donald Trump nominates Kevin Warsh as chair of Federal Reserve
Pick of former Fed governor to replace Jerome Powell comes as White House seeks to tighten grip on central bank
Federal Reserve holds interest rates as Trump piles on pressure
Fed voted to pause cuts to interest rate, which currently sits between 3.5% and 3.75%, after slashing it three times in fall
Federal Reserve holds interest rates as Trump piles on pressure
Fed voted to pause cuts to interest rate, which currently sits between 3.5% and 3.75%, after slashing it three times in fall
Yonhap Infomax News
The Guardian Feeds
US news | The Guardian
World news | The Guardian
Opinion | The Guardian US
Business | The Guardian US