Posing as successful entrepreneurs, two Vietnam Capital leaders defrauded nearly 300 victims, mostly elderly, of almost 140 billion VND through a fraudulent savings deposit scheme.
After the latest policy meeting, Fed Chair Jerome Powell left all options open for the September meeting, neither committing to nor ruling anything out.
The price of gold surged nearly 50 USD in the first trading session of the week, primarily due to uncertainty surrounding the approaching US import tariff deadline.
Excessively low interest rates hardly reflect the strength of the US economy as Trump hopes, but are usually applied when the economy faces serious trouble.
Jerome Powell believes the risk of accelerating inflation this summer means the Fed is not ready to cut interest rates, despite President Trump's urging.