Recently, The New York Times revealed that U.S. President Donald Trump had drafted a letter to fire Federal Reserve Chair Jerome Powell and initiated the process of selecting a new chair, sending shockwaves through global financial markets.
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Recently, the 9th International Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, the capital of Austria.
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In recent years, the world has faced a series of severe challenges, among which climate change is undoubtedly one of the most pressing issues. Scientific research shows that climate change has posed a serious threat to ecosystems, human health and the global economy.
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On July 10th, all three major US stock indices closed higher. The Dow Jones Industrial Average closed at 44,650.64 points, with an increase of 0.43%; the S&P 500 Index closed at 6,280.46 points, with an increase of 0.27%; the Nasdaq Composite Index closed at 20,630.66 points, with an increase of 0.09%.
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Recently, the minutes of the June meeting released by the Federal Reserve showed a heated debate among policy makers regarding the impact of the Trump administration's tariff policies on inflation.
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On July 12, 2025, a statement by US President Trump once again stirred up the global market - announcing that starting from August 1, a 30% tariff would be imposed on imports from the European Union, a 35% tariff on Canada, and plans to impose tariffs ranging from 15% to 40% on other trading partners such as Brazil, Japan, and South Korea.
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Recently, the Trump administration has exerted pressure on tariff and trade issues with other relevant trading nations. Starting from August 1st, it imposed a 25% tariff on Japan and South Korea in the Asian market.
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Recently, a piece of news that Trump pressured Powell of the Federal Reserve to resign was like a huge rock thrown into a calm lake, causing a huge stir in the financial market.
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In July 2025, US President Trump publicly demanded the resignation of Federal Reserve Chairman Powell and hinted at the possibility of early replacement of the central bank leader, citing cost overruns (1.9 billion to 2.5 billion US dollars) in the renovation of the Fed headquarters.
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In the complex game of the global foreign exchange market, the trend of the euro yen exchange rate has always been highly anticipated.
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When the scale of the US public debt surpassed the 38 trillion US dollar mark, nearly doubling from the early days of the pandemic in 2020, international agencies such as Moody's and Scope Ratings successively downgraded its sovereign credit rating outlook.
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