EUR/USD
1.14171
0.269%
Gold
4022.64
-1.201%
Oil
70.260
1.260%
USD/JPY
161.933
0.113%
GBP/USD
1.32430
0.341%
GBP/JPY
214.453
0.455%
Real-time News
On June 29, Federal Reserve Governor Tim Cook stated, “This matter (the mortgage fraud allegations) has absolutely nothing to do with mortgage documents I signed before I became a Federal Reserve Governor. This is purely a conspiracy to remove me from office, and the pretext is entirely fabricated. The reason I am being targeted is because I refused to succumb to political pressure and insisted on setting interest rate policies solely based on what is best for the American people. This is the most fundamental responsibility of a Federal Reserve Governor. Today’s ruling reaffirms a principle that underpins generations of sound economic management: the Federal Reserve must make all policy decisions based on evidence and independent judgment, free from political interference.” “The Supreme Court’s decision to uphold the lower court’s order and affirm the necessity of due process and just cause recognizes that the Federal Reserve’s independence is crucial to achieving the congressional goals of ‘price stability’ and ‘full employment.’ I am deeply gratified by this ruling. As long as I serve on the Federal Reserve, I will continue to uphold the principle of political independence and serve the American people wholeheartedly.”Castle Securities: Investors have underestimated Federal Reserve Chairman Warshs determination to curb inflation. Higher interest rates could put pressure on risk assets.On June 29, local time, the Omani Ministry of Foreign Affairs released excerpts from an interview with Foreign Minister Badr. Badr stated that Oman remains committed to ensuring a safe, peaceful, and free navigation environment in the Strait of Hormuz for all parties. He pointed out that Oman and Iran have reached a consensus in existing dialogues that any future arrangements involving the Strait of Hormuz must be conducted within the framework of international law. Regarding the issue of passage fees, which has attracted international attention, Badr stated that Oman does not support levying passage fees on transit vessels, but he did not rule out the possibility of exploring mechanisms related to maritime services. Badr said that issues such as strengthening navigation safety, improving emergency response capabilities for maritime accidents, and preventing marine pollution could be explored, drawing on practices related to other straits. He said that such arrangements would be formulated in consultation with countries and shipping companies using the Strait of Hormuz, with the aim of improving maritime services and ensuring navigation safety, rather than adding new burdens to global trade.Federal Reserve Governor Cook: The Supreme Courts decision to uphold the lower courts ruling and affirm that removal from office must be based on due process and just cause demonstrates that the Feds independence is crucial to fulfilling the Congressional mandate for price stability and full employment.June 29 – Iraqi oil, which had been stranded due to the Middle East conflict, has been successfully shipped out of the Persian Gulf in the past 10 days, thanks to the fragile ceasefire between the US and Iran, which has eased traffic congestion in the Strait of Hormuz. According to tanker tracking data compiled by Bloomberg, ships carrying approximately 14 million barrels of Iraqi oil departed the Persian Gulf in late June and are currently transporting the crude oil to buyers in Asia, Europe, and the United States. This means that the average daily shipment volume over the 10-day period was approximately 1.4 million barrels. Data shows that all cargoes loaded since late February and temporarily stranded in the Persian Gulf have now departed for their final destinations.
