#federal-reserve

#federal-reserve

The Federal Reserve's funding has come under scrutiny as the White House attacks the $2.5 billion headquarters renovation for cost overruns.

Fueled in part by Alphabet's stronger-than-expected earnings report and further hopes for more trade deals, the Nasdaq could go on to test higher highs.

The Federal Reserve's long-planned renovation of its Washington, D.C. headquarters has turned into a $2.5 billion political flashpoint. Initially estimated at $1.9 billion in 2021, the cost of overhauling the Fed's historic Marriner S. Eccles Building and its adjacent Federal Reserve East Building has jumped by over 30%.

The Vanguard Financials ETF (VFH) is a top pick for 2025, offering exposure to banks, insurers, and investment firms poised to benefit from the current interest rate environment.

Gold remains under pressure due to strong US macroeconomic data, reducing expectations for imminent rate cuts, while geopolitical tensions sustain demand for defensive assets.

The USD/JPY pair is rising, driven by renewed momentum supported by the ongoing divergence in monetary policies between the Federal Reserve and the Bank of Japan.