07:38 AM EDT, 06/25/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday ahead of the release of new home sales data for May and a second day of testimony by Federal Reserve Chairman Jerome Powell, both at 10:00 am ET. Weekly petroleum stocks inventory data are due to be released at 10:30 am ET....

Tom Lee, the head of research at Fundstrat Global Advisors, highlighted a crucial factor that could explain why the European Central Bank (ECB) has been able to cut interest rates while the U.S. Federal Reserve (Fed) has not. What Happened: In a Monday interview with CNBC, Tom Lee explained that the European Central Bank's decision to cut interest rates stems from how it calculates...

Kansas City Federal Reserve President Jeff Schmid said on Tuesday that the central bank has sufficient time to analyze rising import tariff impacts on inflation and economic growth before implementing further interest rate cuts. What Happened: “The current posture of monetary policy, which has been characterized as ‘wait-and-see,’ is appropriate,” Schmid stated in prepared remarks to an agricultural summit in...

By Patturaja Murugaboopathy (Reuters) -U.S. long-term bond funds drew massive inflows in May, reversing April's drawdown and indicating investors sought the safety of higher-yielding debt, as they weighed a host of uncertainties around trade tariffs, inflation and fiscal deficits. According to Morningstar data, U.S. long-term bond funds attracted $7.4 billion in May, their largest monthly inflow in over two years,...