Iran War Will Cost the US 10,000 Joes Per Month, Push Inflation Over 4%

China-US Trade Talks End In Paris As Doubts Grow Over Trump-Xi Summit Update (0911ET):  The Hong Kong-based South China Morning Post has published an update on the sixth round of U.S.-China trade talks, which concluded moments ago in Paris. SCMP's title for the update is rather ominous: "China and the US end trade talks as doubts form over Trump visit." The report states that both sides discussed a possible extension of existing tariff and non-tariff measures, as well as bilateral investment. China's top trade negotiator, Li Chenggang, said the two sides held "deep, frank,...

Yen Tumbles After Japan's PM Voices Concerns About Further Rate Hikes To BOJ The yen was already sliding on Monday after Nikkei Asia reported that the sharp swing we saw in USDJPY in January was initiated by FX intervention from US Treasury Secretary Bessent not Tokyo, even if Washington, D.C. is open to coordinated forex moves if requested by Japan. FX traders took this as evidence that, contrary to previous conventional wisdom, Japanese authorities were prepared to allow the USDJPY to continue climbing on Jan. 23 and it was only...

America’s Gulf Arab allies, led by Saudi Arabia and the UAE, are pushing President Donald Trump to continue the war against Iran until a decisive outcome is reached.  According to US, Gulf, and Israeli officials speaking with The Associated Press, Saudi Arabia, the United Arab Emirates, Kuwait, and Bahrain have argued that the US needs […]