News
White House Spokesperson Karoline Leavitt said that US President Donald Trump sent a note to US Federal Reserve (Fed) Chairman Jerome Powell and that the note said, “Jerome, you are too late as usual. You have cost the US a fortune and continue to do so, you should lower interest rates even more. Hundreds of billions of dollars are being lost and there is no inflation.”
US President Donald Trump threatened to impose tariffs on Japan because it did not buy rice from them despite the rice shortage it was experiencing.
The White House announced that US President Donald Trump will sign an executive order lifting sanctions on Syria.
Chicago Fed President Austan Goolsbee said that tariffs or supply shocks are unlikely to cause stagflation.
Goldman Sachs brought forward the Fed’s estimate that it will start cutting interest rates
US Treasury Secretary Scott Bessent said they will work on a successor to Fed Chairman Jerome Powell in the coming days.
Gold rose for a second day on optimism that the US Federal Reserve will resume interest rate cuts later this year.
Morgan Stanley said Brent crude could fall to $60 early next year, while warning OPEC+ about excess supply.
Oil fell on concerns about an economic slowdown caused by expectations of an OPEC+ production increase in August and the possibility of an increase in US tariffs.
The Presidential Cabinet Meeting has ended. President Erdoğan said, “We are including five different smart cancer drugs used in the treatment of 25 different cancer diseases in the scope of SGK reimbursement.”
The Ministry of Treasury and Finance will spend 1 trillion 74.3 billion liras on domestic borrowing in return for 906.1 billion liras of domestic debt service in the July-September period.
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