The GBP/USD exchange rate wavered as the focus shifted from this week’s swearing in of Donald Trump to next week’s policy statements by the Bank of England and the Federal Reserve.
In what's been a very calm run-up to next week’s meeting, we've been getting pretty clear signals from European Central Bank officials in Davos that rate cuts will continue.
The 1960-61 and 1990-91 recessions are missed, while a recession is predicted for April 2025. Of course, if the inversion failed to predict the 2024 recession, is there reason to believe the disinversion will predict well?
Welcome to the Age of Uncertainty, with Trump as President. His opening moves have touched on immigration, border security, energy, and trade. Inflation and debt levels remain a concern, but consumers and corporations are in good shape. Asset-based value investing is recommended.
USD/CAD has experienced wild swings since Trump took office on Monday. Canada’s government plans to respond appropriately to Trump’s tariffs. Data on Tuesday revealed that inflation in Canada fell by 0.4%.
EL CENTRO, CA - January 22, 2025 (NEWMEDIAWIRE) - Today Community Valley Bank (“CVB”), a California state-chartered bank headquartered in El Centro, California and wholly-owned subsidiary of CMUV Bancorp (OTC: CMUV), announced that it has entered into a definitive agreement with Frontwave Credit Union (“Frontwave”). Frontwave will acquire the assets and assume the liabilities of CVB in an all-cash transaction. Community Valley Bank was founded in 2007 and currently operates five branches in El Centro, Brawley, Indio, Julian, and Borrego Springs, California. As of September 30, 2024, CVB reported $315.8 million in total assets, $258.4 million in total net loans, $276.3 million in total deposits, and $36.6 million in total equity.
The Fed faces mounting uncertainty, Trump’s sweeping economic policies are set to reshape markets, and the bond market remains under immense pressure—making 2025 a year of financial turbulence.
A discussion about he Fed being increasingly behind the curve, the dollar potentially reversing, and lots of uncertainty to soon ensue as the Trump Administration starts to deploy its disruptive policies.
USD/CAD finds bids as the Canadian headline CPI decelerated in December on year. Month-on-month CPI deflated. Soft Canadian inflation data stokes hopes that the BoC would continue reducing interest rates by 50 bps.
EUR/CAD gives up a majority of intraday gains and falls back below 1.0500. Trump mentioned that he planning to announce 25% tariffs on Canada and Mexico.
Inflation data solidified bets for at least two Fed rate cuts this year. Trump’s policy proposals have ignited bets of robust demand. Trump has threatened to impose a 25% tariff on goods imported from Canada.
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