Fed’s Kugler says she views inflation as a bigger risk right now than employment
Inflation will be the first order effect, the other effects will be down the road Haven’t seen the full extent of impact of tariffs on prices This has a hawkish…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.1996 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »What are the main events for today?
It’s going to be a boring day on the data front as we just have the UK CPI report on the agenda. The Core CPI Y/Y is expected at 3.6%…
Read More »CNBC: Musk says AI could run into power capacity issues by middle of next year
CNBC reporting on remarks from Musk on Tuesday: said AI data centres could face power capacity issues the middle to end of next year. said his artificial intelligence startup xAI…
Read More »Japan PM Ishiba says again can’t accept US tariffs on autos
A US-Japan trade deal is not at all imminent. There are still strong sticking points, such as Ishiba’s reluctance to accept Trump’s tariffs on Japanese autos. A local issue for…
Read More »BOJ expected to pause rate hikes through September amid tariffs uncertainty – poll
59 of 62 economists (95%) see no change to interest rates in June meeting 39 of 58 economists (67%) see interest rates staying unchanged in Q3 (previously 36%) 30 of…
Read More »Australia Westpac Consumer Sentiment (May 2025) +2.2% (prior -6.0%)
Australia Westpac Consumer Sentiment stays deeply pessimistic (below 100) +2.2% m/m in May to 92.1 prior -6% to 90.1 Earlier from Australia we had the weekly ANZ-Roy Morgan Australian consumer…
Read More »Forexlive Americas FX news wrap: Canadian jobs market continues to crack
Canada April employment change +7.4K versus +2.5K expected Fed’s Williams: Expect growth to slow considerably, inflation and unemployment higher Fed’s Williams: Now is a time of great uncertainty and change…
Read More »Trump: There is a baseline of 10% tariffs but could be excemptions
Some will be higher than 10% Could be exceptions We have to make a great deal with China He’s given a number to Bessent on how low he is willing…
Read More »How did US tariffs impact China’s latest trade numbers?
In overall terms, the numbers here were much better than expected as China exports in particular held up. However, the devil is always in the details. China’s exports to the…
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