Stephen Miran has been appointed by President Trump to the Federal Reserve Board of Governors, replacing Adriana Kugler, which adds a supportive vote for lowering interest rates. New reciprocal tariffs by the U.S. were implemented against various nations. Indian refiners have ceased purchasing Russian oil in response to tariffs, leading Russia to shift oil sales to China. Additionally, Russia has a deadline to agree to a ceasefire with Ukraine, with potential further U.S. sanctions on the horizon if no agreement is reached.
President Trump appointed Stephen Miran to the Federal Reserve Board of Governors, replacing Adriana Kugler, which shifts the voting dynamic favorably towards lowering interest rates.
Multiple new reciprocal tariff rates by the U.S. against various nations were implemented, influencing market dynamics and international trade relations.
Some Indian refiners have halted purchases of Russian oil due to new tariffs by the U.S., pushing Russia to redirect its oil sales to China.
Russia faces a deadline today to agree to a ceasefire with Ukraine, with increased U.S. sanctions looming if no agreement is reached.
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