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The Latest Breaking News from US Federal Reserve

Nifty IT hits fresh 52-week low as Infosys, TCS, Wipro & others tumble up to 3%. What's spooking investors?

The Nifty IT index fell more than 2% to a fresh 52-week low on Tuesday as persistent inflation concerns and uncertainty over the US Federal Reserve's interest rate trajectory weighed on sentiment. Infosys, TCS, Wipro and other IT stocks declined up to 3%, with investors awaiting the sector's Q1 earnings…

The Economic Times

Gold price tumbles Rs 1,800/10 grams, silver slips below Rs 2.21 lakh/kg. What's next?

Gold and silver prices tumbled over 1% on Tuesday, driven by Middle East tensions and anticipated US Federal Reserve rate hikes to combat inflation. International spot gold saw its biggest monthly drop since 2008. Investors are closely watching upcoming US economic data for clues on the Fed's next move, with…

The Economic Times

Gold set for fourth monthly fall on bets of Fed rate hikes

Gold prices tumbled over 1% on Tuesday, heading for a fourth consecutive monthly drop. Shifting from Middle East concerns, the market now anticipates U.S. interest rate hikes to combat inflation. This outlook, coupled with a strengthening dollar, is weighing heavily on the precious metal. Investors are keenly awaiting upcoming U.S.…

The Economic Times

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Yen hits 40-year low as clock ticks on intervention

The Japanese yen hit a 40-year low against the dollar, sparking speculation of government intervention. Despite past efforts, the yen continues to weaken due to a significant interest rate gap with the US. All eyes are now on upcoming US jobs data, which could influence the Federal Reserve's rate hike…

The Economic Times

US Supreme Court says Fed's Cook can keep her job for now, but it upholds other Trump firings

The Supreme Court has significantly broadened presidential authority, allowing presidents to dismiss heads of independent federal agencies at will, overturning a long-standing precedent. However, the Federal Reserve remains an exception, with a governor allowed to remain in her post while contesting her dismissal. This ruling grants presidents greater control over…

The Economic Times

US Supreme Court Rules Trump's Firing Of First Black Female Fed Governor Lisa Cook Was 'Void From The Start'

The US Supreme Court ruled against Donald Trump's attempt to dismiss Federal Reserve Governor Lisa Cook, marking a historic decision that underscores the importance of the Fed's independence.

International Business Times UK

Can the Supreme Court Slaughter Slaughter Without Cooking Cook?

Tensions between today's two major presidential removal power decisions.

Reason

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Federal Reserve independence secures an important, but not final, victory at US Supreme Court

The Federal Reserve, under pressure from President Donald Trump to cut interest rates and bend to his will, just got an important assist from the U.S. Supreme Court.

The Conversation

Stocks Rally to Start a Big Holiday Week: Stock Market Today

Comcast created a stir among communication services stocks with a plan to spin off its media and entertainment assets into a new publicly traded company.

Kiplinger

Stocks Jump As U.S. And Iran Halt Hostilities And Resume Negotiations; Dow Closes At New Record

Stocks jumped on Monday in a volatile session as the U.S. and Iran halted hostilities and are set to resume negotiations on Tuesday.

International Business Times

Trump Vows To 'Take Appropriate Action' To Remove Lisa Cook From Fed Board Despite Adverse Supreme Court Ruling

President Donald Trump vowed to continue efforts to remove Lisa Cook from the Federal Reserve's board following an adverse Supreme Course ruling.

International Business Times

Dollar Retreats as Stocks Rally

The dollar index (DXY00 ) on Monday fell by -0.26%. The dollar retreated as Monday's stock rally curbed liquidity demand for the dollar. However, losses in the dollar were limited as Monday's +2% jump in WTI crude oil prices has strengthened inflation expectations and could prompt the Fed to keep...

Barchart

Supreme Court Blocks Trump's Bid To Remove Fed Governor Lisa Cook, Preserving Central Bank Independence

The Supreme Court ruled that President Donald Trump cannot immediately remove Federal Reserve Governor Lisa Cook, citing statutory protections and preserving the Fed's independence while litigation continues.

International Business Times

Outcry over supreme court decision to grant Trump power to fire agency chiefs

Legal and labor experts say Trump v Slaughter decision upends settled constitutional law in favor of ‘loyalty test’

The Guardian - US

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Fortune

The Supreme Court upholds Fed independence by saving Lisa Cook’s job—and also saves U.S. debt from a crisis

“Not only the fact of independence but also the appearance of independence is key to the Federal Reserve’s design.”

France 24

US Supreme Court expands Trump's power to fire officials, but protects Fed

The US Supreme Court on Monday boosted presidential power, upholding President Donald Trump’s firings of the heads of independent federal agencies with one important exception: the Federal Reserve.

Reason

Can the President Fire Anyone He Wants? Yes, Unless the Target Is Part of the Federal Reserve.

In a pair of decisions on Monday, the Supreme Court ruled that presidents have full authority to fire heads of executive branch agencies—but that the Fed is different.

Bangkok Post

Supreme Court boosts Trump's power to fire officials, but protects Fed

WASHINGTON (UNITED STATES) - The US Supreme Court on Monday fortified President Donald Trump's powers to fire members of independent government agencies, but carved out protections for the Federal Reserve by blocking the firing of Governor Lisa Cook.

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The Times of India

US Supreme Court expands presidential powers, backs Trump's firing; Fed's Lisa Cook spared for now

US Supreme Court on Monday upheld President Donald Trump's authority to remove the heads of most independent federal agencies, while making a key exception for the Federal Reserve. The landmark ruling, which significantly expands presidential powers, is being seen as one of the most consequential decisions on executive authority in…

The Economic Times

US Supreme Court rejects Trump's unprecedented bid to fire Fed's Cook

The Supreme Court has taken a significant stand for the Federal Reserve's independence, rejecting President Trump's unusual effort to remove Governor Lisa Cook. The ruling highlights that Fed officials are appointed for set terms and can only be dismissed under specific circumstances, ensuring the central bank remains free from political…

Reason

Supreme Court Ends Agency "Independence," Save for the Federal Reserve

As expected, the Supreme Court overturns Humphrey's Executor, but reaffirms the independence of the Federal Reserve.

Barchart

Dollar Moves Lower as Equity Markets Strengthen

The dollar index (DXY00 ) today is down by -0.13%. Today's stock rally has curbed liquidity demand for the dollar. However, losses in the dollar are limited as today's +1% gain in WTI crude oil prices has strengthened inflation expectations and could prompt the Fed to keep monetary policy tight,...

The Independent UK

Supreme Court expands Trump’s powers to fire federal workers - but stops his push to remove Lisa Cook from Fed

Supreme Court expanded the president’s authority by removing a 91-year-old precedent intended to prevent politics from interfering with independent regulatory agencies

The Guardian - US

US supreme court rules Trump’s firing of Lisa Cook from Fed was unconstitutional

Justices find president does not have constitutional authority to fire Federal Reserve governor without cause

International Business Times UK

One Man vs. 165 Million Americans: The Terrifying Wealth Inequality Exposed by Elon Musk's Net Worth

Elon Musk's net worth briefly surpassed $1 trillion in June 2026, spotlighting US wealth inequality as his fortune equalled the combined wealth of nearly half the American population.

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