PBOC Set to Fix USD/CNY Midpoint Near 6.7992

The daily yuan reference rate signals China’s policy stance amid managed float and market volatility controls. The People’s Bank of China will announce its USD/CNY reference rate around 0115 GMT, with Reuters estimating a midpoint near 6.7992. The fixing guides onshore tra

US Refiners Boost Jet Fuel Production

US refiners produce jet fuel at near-record levels US refiners are producing jet fuel at a near-record pace, with recent output topping 2M bbl/day. This increase is due to added capacity and maximized yields. US jet fuel production has jumped significantly

Trump To Swear In Warsh As Fed Chair

Warsh to lead Fed, succeeding Jerome Powell The US President will swear in Kevin Warsh as the chair of the US Federal Reserve on Friday. Warsh will serve a four-year term as Fed chair and a 14-year term as a Fed governor. The Fed has two mandates: to achieve pric