Wash is set to 'take the helm' at the Federal Reserve. Can she meet five major challenges? A comprehensive overview.

The U.S. Senate confirmed Kevin Warsh to succeed Powell as the Federal Reserve Chairman for a four-year term; Warsh will face five major challenges upon taking office, including tests of independence, skepticism regarding interest rate cuts, unstable relations with the market, difficulties in driving change, and working with individuals he has criticized.

cls.cn10:26

A Look at Which Assets Are Following the Script, and Which Aren't, on Day 75 of the War

MarketWatch17:29

India Has Increased Tariffs on Gold. Why It Might Paradoxically Be a Positive Signal for the Metal.

MarketWatchMay 13 21:36

Express News | The U.S. PPI recorded its largest increase since 2022, driven by rising energy costs.

BreakingsMay 13 21:13

Express News | Indian gold futures prices surged 6% after the Indian government raised the import duty on gold.

BreakingsMay 13 11:31

India significantly raised the import tariffs on gold and silver to 15% in a bid to curb imports and strengthen the rupee.

India announced an increase in import duties on gold and silver from 6% to 15%. Prime Minister Modi appealed to the public to avoid purchasing gold for a year to alleviate the trade deficit and help protect foreign exchange reserves. As the world's second-largest consumer of precious metals, industry insiders anticipate that the significant rise in tariffs will lead to a further decline in compliant imports, directly suppressing physical gold demand.

wallstreetcnMay 13 06:06