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The Latest Breaking News from US Federal Reserve

US 30-year bond yield tops 5% as Kevin Warsh takes Fed helm and inflation rises

The US Treasury sold 30-year bonds at a yield above 5% for the first time since 2007 on Wednesday, highlighting mounting investor unease just as the Senate confirmed Kevin Warsh as the next chair of the Federal Reserve.

Euronews

Mortgage rates today jump sharply: Is the hidden Treasury yield surge making 2026 home refinancing painfully expensive for Americans?

Mortgage rate today climbs as Treasury yields jump and refinance pressure returns across the US housing market. The average 30-year fixed refinance rate rose to 6.54%, while standard 30-year mortgage rates touched 6.34%. Rising bond yields, sticky inflation, and cautious Federal Reserve signals are now pushing borrowing costs higher again.…

The Economic Times

Robert Kiyosaki Warns Governments Will Print More 'Fake Money' — Recommends Bitcoin, Gold, and Silver

Robert Kiyosaki warns about inflation and national debt threatening the US economy, criticizes the Federal Reserve, and recommends investing in gold, silver, and cryptocurrencies for protection.

International Business Times UK

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Stocks Rise Before the Open as Tech Rally Rolls On, U.S. Retail Sales Data and Trump-Xi Summit in Focus

June S&P 500 E-Mini futures (ESM26) are up +0.31%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.30% this morning, pointing to further gains after a tech-led rally in the previous session, while investors monitor developments from the U.S.-China talks and await a fresh batch of U.S. economic data,…

Barchart

Why are gold and silver prices down today, and will precious metals decline or rise again in near future? Full market explainer on precious metals outlook

Why are gold and silver prices down today, and will precious metals decline or rise again in near future? Gold prices stayed steady while silver moved lower as investors watched U.S.–China talks, inflation data, and Federal Reserve changes. Rising U.S. producer prices and expectations of higher interest rates influenced market…

The Economic Times

Top economist says $39 trillion national debt leaves government worse prepared for recession than ever

The Fed’s hands would be tied in the case of a downturn.

Fortune

US Stock Market: Warsh set to lead Fed amid debate over rates, transparency and AI impact

Fifteen years after leaving the Federal Reserve over disagreements on aggressive bond-buying policies, Kevin Warsh is set to return as chair of the U.S. central bank with a sweeping reform agenda, according to Reuters. Warsh has been a vocal critic of the Fed’s massive asset purchase programs that expanded its…

The Economic Times

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Dollar boosted by rate expectations, safe-haven flows as Trump, Xi meet

The US dollar strengthened on Thursday. Higher Treasury yields and safe-haven demand boosted the currency. Investors anticipate Federal Reserve rate hikes this year. A meeting between US President Donald Trump and China's Xi Jinping in Beijing is a key focus. The offshore yuan held near a three-year high. Inflation data…

The Economic Times

Global Market Today: Asian stocks, US futures climb on tech optimism

Asian stocks advanced, mirroring Wall Street's record highs driven by a tech surge and strong corporate earnings. Investors are closely watching the US-China summit and geopolitical developments in Iran, while inflation concerns fuel bets on Federal Reserve rate hikes next year.

The Economic Times

Who Is Richer: Kevin Warsh or Jerome Powell? Incoming and Outgoing Fed Chairs' Net Worth Laid Bare

Kevin Warsh, confirmed as the new US Federal Reserve Chair, is the wealthiest individual to hold the position, with a net worth between $170 million and $226 million.

International Business Times UK

Top Democrat calls newly confirmed Fed chair Kevin Warsh a ‘sock puppet’ for Trump – as it happened

Elizabeth Warren condemns confirmation of Trump’s pick to lead the Federal Reserve; John Fetterman was lone Democrat to support the nomination

The Guardian - US

Kevin Warsh confirmed as Fed chair in party-line vote amid Elizabeth Warren's 'sock puppet' criticism

Every Republican voted for Warsh on Wednesday, as did Democratic Sen. John Fetterman of Pennsylvania.

Fortune

Trump’s pick Kevin Warsh replaces Jerome Powell as Fed chair: What will happen to US interest rates next and why financial markets are watching closely

Kevin Warsh is set to become the new Federal Reserve chair. However, his influence on interest rates might be limited. The Federal Open Market Committee, a 12-member panel, ultimately decides on rate targets. Warsh will hold only one vote. Consensus building and persuasion are key to the chair's role. Financial…

The Economic Times

S&P 500 and Nasdaq 100 Post New Record Highs on Chip Stock Strength

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.58%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.04%. June E-mini S&P futures (ESM26 ) rose +0.62%, and June E-mini Nasdaq futures...

Barchart

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Kiplinger

Tech Leads Again as Nvidia Goes to China: Stock Market Today

The Magnificent 7 and other mega-cap stocks are making the Middle East seem like a geopolitical and macroeconomic backwater.

The Economic Times

US stocks today: Chip stocks lift Nasdaq, S&P to record closing highs; hot inflation kills rate-cut hopes

US stocks advanced with the S&P 500 and Nasdaq hitting record closing highs as AI-linked tech and chip stocks powered gains despite hotter inflation data. Producer prices surged, reinforcing expectations of prolonged Fed tightening. Markets also tracked Trump-Xi talks and rising geopolitical risks, while Morgan Stanley lifted its S&P target.

The Times of India

Trump ally Kevin Warsh confirmed as next US Federal reserve chair after tight Senate vote

Kevin Warsh has been confirmed as the next chair of the US Federal Reserve after the Senate approved President Donald Trump’s nominee in a narrow 54-45 vote.

Barchart

Dollar Rallies on a Hot US PPI Report

The dollar index (DXY00 ) rallied to a 1.5-week high on Wednesday, finishing up by 0.22%. The dollar moved higher on Wednesday on the stronger-than-expected US Apr PPI report, which was hawkish for Fed policy. The dollar also has safe-haven support on concerns that the US-Iran ceasefire may break down...

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The Independent UK

Senate confirms Trump’s Fed chair nominee Kevin Warsh as Powell’s replacement

IN FULL

The Economic Times

Warsh clinches Senate approval to be Fed's next chair as inflation intensifies

In a pivotal moment for the economy, the US Senate has officially confirmed Kevin Warsh as the chair of the Federal Reserve, just as inflation escalates. With President Donald Trump advocating for reduced interest rates, Warsh's leadership will be crucial at the next central bank meeting, where policymakers are wrestling…

International Business Times

Kevin Warsh Confirmed As Next Chairman Of The Federal Reserve, Replacing Jerome Powell

The Senate confirmed on Wednesday Kevin Warsh as the next chair of the Federal Reserve, replacing Jerome Powell.

The Economic Times

US Senate confirms Kevin Warsh as Federal Reserve chair, following Jerome Powell

Kevin Warsh is now the new head of the Federal Reserve. He takes charge at a difficult economic time. Inflation is high and gas prices are rising. The Fed faces internal disagreements. President Trump has pressured the Fed for lower interest rates. Warsh promises independence. He faces challenges in managing…

Axios

Kevin Warsh confirmed to lead Federal Reserve

He becomes Fed chair at a moment of resurgent inflation, public discontent with the economy and attacks on the central bank's independence.

The Guardian - US

US Senate confirms Kevin Warsh as Federal Reserve chair, replacing Jerome Powell

Warsh will serve four-year term as chair, taking over amid rising inflation and pressure from Trump to lower rates

The Independent UK

Trump Fed chair nominee Kevin Warsh is confirmed by Senate as Jerome Powell vows to stay on board

Kevin Warsh stressed that the president did not make him pledge to cut interest rates to secure his nomination to head the Federal Reserve

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