USD/JPY Extends Its Upside Above 156.50 Ahead of US CPI, Retail Sales Data

The USD/JPY pair trades in positive territory for the fourth consecutive day near 156.55 on Wednesday during the early Asian session.

FXStreet20:06 ET

Goldman Sachs No. 2 warns of the US debt problem that government borrowing may be unsustainable

Goldman Sachs President John Waldron said that the US government should not be misled into believing that people's appetite for US debt is endless.

Zhitong Finance19:28 ET

America's household debt hits a record high, and financial pressure is increasing due to inflation

The Zhitong Finance App learned that the US household debt problem is getting worse. It has set a new record and reached 17.7 trillion US dollars, an increase of 1.1% compared to the previous quarter (an increase of 184 billion US dollars). This data highlights the increasing financial pressure faced by American households against the backdrop of increasing inflation. According to the “Quarterly Report on Household Debt and Credit” released by the Federal Reserve Bank of New York on Tuesday (May 14), since the COVID-19 pandemic began, US consumer debt has increased by a total of 3.4 trillion US dollars, and interest rates on debt have also risen. Prices are rising, especially for necessities such as food and rent,

Zhitong Finance18:00 ET

Fed's Mester: Fed Is in a Really Good Place, Not in a Rush to Change Rates

As reported by the Wall Street Journal, Federal Reserve (Fed) Bank of Cleveland President Loretta Mester noted in an interview on Tuesday that she believes the Fed is in a "really good place" regarding rates.

FXStreet17:03 ET

External market headlines: Powell says inflation exceeds everyone's expectations, the European stock market hit the longest continuous rise record since 2021, and the rise in US producer prices in April exceeded expectations

The main headlines that global financial media paid attention to last night and this morning were: Powell's latest statement: It will take longer for inflation to exceed everyone's expectations to regain confidence. Federal Reserve Chairman Jerome Powell has redoubled his emphasis on the need to maintain high interest rates for a longer period of time, and central banks must be patient and wait for evidence that inflation continues to cool down. In a recent public speech, he said that recent inflation data shows that it may take longer than previously anticipated to gain the confidence needed to cut interest rates, echoing the statement he made earlier this month. “We didn't think it would be a smooth path, but I think these numbers

環球市場播報16:27 ET

Bank of America: Japan's next intervention in the foreign exchange market is likely to use its US Treasury bonds

The Bank of America believes that any future foreign exchange intervention by Japan to support the yen may involve the use of its US Treasury bonds. After the yen hit its lowest level against the US dollar in decades, the Japanese authorities may have withdrawn the yen twice in recent weeks, so they may have used their cash reserves. Bank of America strategists Shusuke Yamada, Izumi Devalier, Mark Cabana, Meghan Swiber and others wrote in a Tuesday report that the next time the yen will be boosted after spending tens of billions of dollars in official deposits

環球市場播報15:38 ET