US President Donald Trump said on Wednesday that interest rates should be lowered, adding that they would "go hand in hand" with upcoming tariffs.
In an interview with France Culture radio on Wednesdaty, European Central Bank (ECB) policymaker and Bank of France head Francois Villeroy de Galhau said that US President Donald Trump’s trade policies will most likely have a negative impact on the economy.
The United States (US) Bureau of Labor Statistics will release January’s Consumer Price Index (CPI) report on Wednesday at 13:30 GMT.
When asked if reciprocal tariffs are still coming on Wednesday, US President Donald Trump said 'we'll see'.
The United States (US) Bureau of Labor Statistics will release January’s Consumer Price Index (CPI) report on Wednesday at 13:30 GMT.
Bank of Japan Governor Kazuo Ueda said early Wednesday that the Japanese central bank will continue to conduct its monetary policy with the aim of achieving its 2% inflation goal sustainably and stably.
Israel's Prime Minister Benjamin Netanyahu said late Tuesday that the ceasefire will be over and Israel will resume “intense fighting” in Gaza if Hamas doesn’t release “our hostages” by Saturday noon, per BBC.
A White House official said late Tuesday that US President Donald Trump's planned 25% tariffs on all steel and aluminum imports would be added onto other levies on Canadian goods, resulting in a total 50% tariff.
US President Donald's trade adviser Peter Navarro said late Tuesday that Australia was "killing the aluminium market", the day after Trump signed executive orders for import tariffs on some metals.
Federal Reserve (Fed) Bank of New York President John Williams noted on Tuesday that US growth metrics are overall in a good place, specifically highlighting that US Gross Domestic Product (GDP) growth should hold steady this year and next.
The US Dollar set aside three consecutive daily advances on Tuesday, coming back to test the 108.00 region despite Chief Powell’s prudent tone at his semiannual testimony and ahead of the upcoming US CPI data release.
Federal Reserve Bank of Cleveland President Beth Hammack said on Tuesday that it will likely be appropriate to hold interest rates steady for some time, as reported by Reuters.