Tuesday's News Links

[CNBC] S&P 500 jumps after light core inflation data boosts rate cut hopes: Live updates

[Reuters] Yen falls to weakest level since July 2024, dollar under pressure

[Yahoo/Bloomberg] Takaichi’s Early Japan Election Plans Jolt Yen, Bonds and Stocks

[CNBC] December consumer prices rose at a 2.7% annual rate, as expected

[Yahoo/Reuters] Global central bankers defend Fed's Powell after Trump threat

[CNBC] Global central bankers unite in defense of Fed Chair Jerome Powell

[Axios] How the Trump-Powell relationship blew up, amid DOJ's unprecedented probe

[Yahoo/Bloomberg] Trump Risks Upending US-China Trade Truce With Iran Tariff Vow

[Axios] Wall Street gets hit with Trump's economic policy fire hose

[Yahoo/Bloomberg] Greenland Calls on NATO to Ensure Defense Amid US Threats

[Axios] House Republican introduces bill to let Trump annex Greenland

[Yahoo/Telegraph] Bank of England boss attacks Trump investigation into Fed chief

[AP] People inside Iran describe heavy security and scattered damage in first calls to outside world

[AP] Russia launches another major strike on Ukraine’s power grid in freezing temperatures

[Bloomberg] Jeanine Pirro Is Going After Powell, Heedless of Backlash

[Bloomberg] Fed That Fights Back Is a Threat to Trump’s Takeover Plan

[Bloomberg] Trump Says Tech Giants Must Bear Cost of Data Center Electricity

[Bloomberg] AI Volatility Rattles Stock Traders Chasing Next Wave of Winners

[Bloomberg] Hedge Funds Turn Chaos Into Cash for Best Gains in 16 Years

[Bloomberg] Germany’s Growing Military Might Rekindles Old Fears in France

[Bloomberg] Insured Losses From Wildfires, Storms and Floods Hit Record High

[NYT] A Top Fed Official Conveys Little Urgency for Immediate Rate Cuts

[WSJ] U.S. Small-Business Confidence Rises Amid Brighter Outlook Expectations

[WSJ] Global Central Bankers Rush to Defend Fed’s Powell

[WSJ] Trump Allies and Officials Fear Blowback From Powell Probe

[WSJ] GOP Senators Criticize Probe of Fed Chair Powell

[WSJ] New York Fed President Defends Chair Amid Investigation

[WSJ] America’s Biggest Power Grid Operator Has an AI Problem—Too Many Data Centers

[WSJ] Military Experts Reject Trump’s Logic That U.S. Must Own Greenland to Defend It

[WSJ] Smaller Natural Disasters Incurred Record Insurance Costs Last Year

[FT] Central bank chiefs ‘stand in full solidarity’ with Jay Powell

[FT] Lawfare comes for the dollar

[FT] [WSJ] Military Experts Reject Trump’s Logic That U.S. Must Own Greenland to Defend It

Monday Evening Links

[CNBC] Stock futures are little changed ahead of consumer inflation report, bank earnings: Live updates

[CNBC] Trump says any country doing business with Iran will face 25% U.S. tariff

[Axios] Scoop: Bessent told Trump that investigation of Fed chair creates a "mess"

[Politico] ‘Freaked out’ about the bond market: White House reels from Powell probe

[Yahoo/LAT] Defiant independence from the Federal Reserve catches Trump off guard

[Yahoo/Bloomberg] Wall Street Homebuyers Plan Counter-Offer After Trump Threat

[WSJ] Lawfare for Dummies, Monetary Edition

[WSJ] The Fed-Trump Feud: What You Need to Know

[FT] Justice department’s probe into Jay Powell galvanises Fed leaders to repel Donald Trump’s attacks

[FT] Donald Trump’s foolhardy assault on the Federal Reserve

Monday Afternoon Links

[Yahoo Finance] Gold, silver surge as 'assault on Fed' sparks rush to precious metals

[CNBC] S&P 500 hits fresh all-time high as traders look past Fed independence risk, bank rate cap threat: Live updates

[AP] DOJ investigation of Fed Chair Powell sparks backlash, support for Fed independence

[AP] Bringing charges against the Fed: What we do (and don’t) know

[AP] Why the Federal Reserve has historically been independent of the White House

[Yahoo Finance] Former officials say DOJ probe threatens Fed independence, has 'no place in the United States'

[CNBC] Trump’s credit card rate cap plan has unclear path, ‘devastating’ risks, bank insiders say

[AP] Sen. Kelly sues the Pentagon over attempts to punish him for his warnings about illegal orders

[Bloomberg] Florida Heads for Smallest Orange Crop in Nearly a Century

[NYT] Fed Changes Course and Takes On Trump’s Political Fight

[FT] What is behind the criminal investigation into Jay Powell?