Fed Michelle Bowman is speaking and says: Expect inflation to decline but upside risks remain. Need greater confidence in falling inflation before cutting rates again. Patience on rate cuts will allow more clarity on impact of administration policies. Labor market not tighter due to a slowed hiring, but…
Read MoreRussia’s foreign policy aide Ushakov: Talks with US: Ushakov says Russian delegation has been businesslike mood US and Russia have yet to agree how to start Ukraine talks. US has yet to appoint its chief negotiator for the Ukraine talks. Says for now Russia and US are talking…
Read MoreKeith Kellogg, the US special envoy to Ukraine says: Trip to Ukraine still being finalized When asked if US would provide backstop for European support, says “You take no options off the table” We are going to your discussion points from everyone No one will impose peace deal…
Read MoreThe EURUSD is undergoing a modest pullback today after last week’s steady climb. Last week, the pair rallied from Monday’s low to Friday’s high, breaking above key moving averages (MAs) and swing areas along the way. The final push higher saw the price move above a significant swing…
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Read MoreFrance’s finance minister Lombard: France is doing its job on different spending. The effort should be shared more equally among EU member states German finance minister says: It is possible to comply with NATO quarter for regular budgets, doing it with borrowing would be temporary The rules are…
Read MorePhiladelphia Fed Pres. Harker is speaking and says: Current economy argues for stay rate policy for now monetary policy into place right now. Future Fed rate policy choices will be data-driven. The Fed policy stance should continue to lower inflation. Inflation is elevated and has been a sticky…
Read MoreMore from Philadelphia Fed Pres. Harker: Labor market looks pretty solid. Home insurance price rises becoming real challenge. Inflation is moving slowly down but there are risks. Fed should moved to all our mostly treasury bond balance sheet. Expects to see bank reserves contract more swiftly soon. Lack…
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