Minutes from the Federal Reserve’s January meeting underscored policymakers’ preference for maintaining current interest rate levels amid persistent inflation and lingering economic uncertainty. Officials also signaled potential adjustments to the pace of quantitative tightening (QT), indicating they may hold off on further balance-sheet reductions until the ongoing US debt-ceiling debate is resolved.
Geopolitical Tensions Rise as Trump Pushes for Ukraine-Russia Deal
Global markets are growing increasingly uneasy as President Donald Trump intensifies pressure on Ukraine to strike a peace deal with Russia, sparking fears among European allies that US support for Kyiv may be waning. Investors remain on edge as concerns mount over the potential geopolitical fallout.
Yen Strengthens on BOJ Rate Speculation, Oil Retreats from Gains
The Japanese yen climbed to its strongest level against the dollar since December, fueled by speculation that the Bank of Japan may move toward a rate hike sooner than expected. Traders are closely watching upcoming inflation data set for release on Friday, which could reinforce expectations for policy tightening.
Meanwhile, oil prices edged lower as industry data pointed to another increase in US crude stockpiles, stoking uncertainty over global supply dynamics. Brent crude slipped below $76 a barrel after rallying for three consecutive sessions.