Fed’s Musalem: Business expect higher prices
Source Fxstreet
Business leaders are becoming increasingly concerned about the economic consequences of rising prices and trade uncertainty, suggested St. Louis Fed President Alberto Musalem.
Key Quotes
- Business executives are trying to figure out how to manage uncertainty about supply chains, inventory, and inflation.
- Businesses expect higher prices for inputs and outputs; the Fed is watching that carefully.
- Do not want a rise in short-term inflation expectations to bleed into longer-term ones
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Dogecoin’s latest market structure is “significantly better than in prior bull markets,” according to Kevin, the crypto technician known on X and YouTube as @Kev_Capital_TA.
The AUD/JPY cross attracts some buying on Friday and for now, seems to have snapped a three-day losing streak to sub-92.00 levels, or a three-week low touched the previous day.
Gold (XAU/USD) price extends its weekly gains, trading near $3,330 at the time of writing on Friday, up nearly 1% on the day, on a new tailwind for the safe haven precious metal.
In the past week, the crypto market has rebounded sharply, and Bitcoin has also hit a new high. At the same time, stablecoins are also undergoing some major changes.
Silver Price Forecast: XAG/USD bulls retain intraday control above $33.00 markSilver (XAG/USD) builds on the previous day's bounce from the $32.60 area and gains some follow-through positive traction on Friday. The momentum extends through the early European session and lifts the white metal to a fresh daily peak, around the $33.25-$33.30 region in the last hour.
Silver (XAG/USD) builds on the previous day's bounce from the $32.60 area and gains some follow-through positive traction on Friday. The momentum extends through the early European session and lifts the white metal to a fresh daily peak, around the $33.25-$33.30 region in the last hour.
Related Instrument
