Goldman Sachs Physical Gold ETF Newsroom

Trump angrily criticized Powell as "stupid and incompetent!" The US-UK trade agreement suppresses expectations for interest rate cuts.

Early Thursday morning (May 8), local time, Trump stirred controversy again on his Truth Social platform, harshly criticizing Federal Reserve Chairman Powell with terms like "fool" and "total loser." This ongoing public accusation has evolved into a rare direct confrontation between a president and the head of the central bank in American financial history. Trump plainly stated, "Lowering interest rates will propel the economy like jet fuel, but he (Powell) just refuses to do it." Even more intriguing, he pointed out their personal grievances directly: "Powell doesn't like me." The fundamental disagreement in policy positions.

FX678 Finance23:10 ET

Did Trump grasp the "only soft persimmon"? Understanding in one article: What is the actual trade pattern between the UK and the US?

① Why did Trump prioritize reaching a trade agreement with the United Kingdom? What is the scale of trade between the United States and the United Kingdom? ② What is the difficulty of reaching this agreement, and can it serve as a "model" for the Trump administration's negotiations with other countries?

cls.cn22:30 ET

Strategists: The Federal Reserve not lowering interest rates may lead to significant policy errors.

Danielle DiMartino Booth, CEO and chief strategy officer of QI Research and a former insider at the Federal Reserve, stated that the Federal Reserve has underestimated the increasing economic risks, which may lead to significant policy mistakes due to maintaining interest rates too high for too long. After the Federal Reserve kept its benchmark interest rate stable between 4.25% and 4.50%, DiMartino Booth indicated that the Fed ignored clear warning signs of economic recession, including rising unemployment rates, a surge in bankruptcies, and weakened consumer conditions.

FX678 Finance22:29 ET

US Trade Deal Sheds Concerns But BOE Will Still Be Cautious: MIDF

Business Today21:44 ET

Following the "new king of bonds," Goldman Sachs also predicts that inflation in the USA will reach 4% this year.

Goldman Sachs predicts that by Christmas, the inflation rate in the USA may reach 4%, while Commodity inflation could surge to 6%-8%. Shortly after the Federal Reserve announced to hold steady on May 7th, and after the press conference by Fed Chair Jerome Powell, Jeffrey Gundlach of DoubleLine Capital also stated, "Given the current situation, the overall CPI increase by the end of this year could reach the '4' threshold."

wallstreetcn16:47 ET

Fed's Split From Peers Helps Lift Dollar -- Market Talk

WSJ16:02 ET

Fed Officials Dominate Friday's Economic Calendar With Multiple Speeches

Investing14:02 ET

Federal Reserve: USA's three-year inflation expectations reach a new high since 2022.

More news is being continuously updated.

wallstreetcn12:20 ET

New York Fed survey: The public's outlook on financial prospects in the USA has worsened, with differing inflation expectations.

The report indicates that in April, surveyed households' assessment of their current and future financial situations has "sharply worsened."

Zhitong FinanceMay 8 11:59 ET

Tariffs Are Starting to Raise Prices. More Increases Could Come in Waves. -- Barrons.com

Barron'sMay 8 11:50 ET

Inflation Expectations Are Steady but Consumers Are More Worried -- Barrons.com

Barron'sMay 8 11:42 ET

NY Fed Survey Ambivalent on Inflation Outlook

WSJMay 8 11:00 ET

U.S. Wholesale Inventories Climbed for Third-Straight Month in March

WSJMay 8 10:14 ET

U.S. Productivity, Economy's Secret Sauce, Falls for First Time in Almost 3 Years

MarketWatchMay 8 09:50 ET

The USA experiences its first decline in labor productivity in three years, with soaring labor costs sounding the alarm for inflation.

In the first quarter, USA's labor productivity experienced its first decline in nearly three years due to a decrease in economic output, interrupting the previous trend of efficiency improvements that helped alleviate inflationary pressures on employment costs.

Zhitong FinanceMay 8 09:40 ET

Productivity Falls for First Time Since 2022. What That Means for Economic Growth. -- Barrons.com

Barron'sMay 8 09:40 ET

Trump criticizes the Federal Reserve again for not lowering interest rates, but this time did not call for firing Powell.

① The Federal Reserve announces that it will maintain the target range for the federal funds rate between 4.25% and 4.50%, marking the third consecutive decision to keep rates unchanged; ② Trump criticized Federal Reserve Chairman Powell on social media, stating that he is "too late" and "clueless," but added that he "still really likes him."

cls.cnMay 8 09:20 ET

Jobless Claims Fall in Latest Week, With No Sign of Recession or Layoffs

MarketWatchMay 8 09:14 ET

As holiday factors diminish, the number of initial unemployment claims in the USA has returned to a low level.

After a short-term surge during the spring holiday and Easter at the end of April, the number of initial unemployment claims in the USA showed a declining trend last week.

Zhitong FinanceMay 8 09:05 ET

Q1 US Nonfarm Productivity Falls as Expected, Unit Labor Costs Jump

MT NewswiresMay 8 08:41 ET