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US tariffs and rising bond yields derail Britain's plans to reduce its budget deficit: OBR

UK Finance Minister Rachel Reeves announced a decision to cut spending on social security as part of her plans to reduce the record budget deficit. However, experts at the Office for Budget Responsibility (OBR) warn that the finance minister's intentions are at risk of being derailed.

27 March 2025
US tariffs and rising bond yields derail Britain's plans to reduce its budget deficit: OBR
Bank of Canada to ease monetary policy ahead of Trump's new tariffs

During the meeting on March 12, Bank of Canada officials engaged in extensive discussions on whether to keep interest rates on hold. Ultimately, the regulator decided to cut borrowing costs to 2.75% in order to ease concerns for consumers and businesses affected by Donald Trump's trade policies.

27 March 2025
Bank of Canada to ease monetary policy ahead of Trump's new tariffs
US Congress to consider stablecoin bill amid surging interest in cryptocurrencies

According to CoinDesk.com, the top priority of the US Congress in regulating cryptocurrencies is to finalize the Stablecoin Act as soon as possible. The Senate Banking Committee has already advanced its own version, gaining bipartisan approval. The bill now moves to the Senate for consideration.

27 March 2025
US Congress to consider stablecoin bill amid surging interest in cryptocurrencies
United States. Gasoline Production. The value of the indicator has decreased from 0.067M to -0.401M

A decrease of the indicator value may contribute to the fall in quotes of Gasoline.

26 March 2025
United States. Heating Oil Stockpiles. The value of the indicator has decreased from 0.008M to -0.035M

A decrease of the indicator value may contribute to the rise in quotes of Heating Oil.

26 March 2025
United States. Gasoline Inventories. The value of the indicator has decreased from -0.527M to -1.446M

A decrease of the indicator value may contribute to the rise in quotes of Gasoline.

26 March 2025
Japan's ruling party lawmaker says yen is undervalued

According to Japanese lawmaker Satsuki Katayama, the country's economic indicators imply that the real value of the yen is closer to 120–130 per dollar than the current level of 150.

26 March 2025
Japan's ruling party lawmaker says yen is undervalued
Kitco News: Chinese physical copper markets rally amid expectations of robust consumption growth

Shanghai copper prices trade at a premium to long-term contracts amid expectations of rising Chinese demand. As reported by Kitco News, traders are accelerating refined copper shipments to the US to capitalize on potential arbitrage opportunities ahead of anticipated American tariff measures.

26 March 2025
Kitco News: Chinese physical copper markets rally amid expectations of robust consumption growth
Dogecoin Foundation launches strategic reserve to bolster DOGE liquidity

The Dogecoin Foundation, a non-profit organization, announced the launch of the Dogecoin Strategic Reserve, acquiring 10 million DOGE worth $1.83 million. This initiative aims to strengthen the cryptocurrency’s liquidity and promote its use as a means of payment.

26 March 2025
Dogecoin Foundation launches strategic reserve to bolster DOGE liquidity
Bank of England Governor downplays temporary inflation dip ahead of Rachel Reeves’ statement

In his analysis of the current economic climate, Governor Andrew Bailey highlighted the ongoing pressures from core inflation, which hit 5% in the services sector. Drawing on this data, Bailey cautioned against making hasty decisions.

26 March 2025
Bank of England Governor downplays temporary inflation dip ahead of Rachel Reeves’ statement