Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari said during a panel discussion at the Aspen Ideas Festival 2026 in Aspen, Colorado, that he remains concerned about inflation in the service sector, while also noting some signs of improvement in the labor market.
BNY’s Geoff Yu highlights that South Korean equities have delivered exceptional returns in 2026 while institutional investors remain net sellers, particularly from the Americas.
The GBP/JPY cross struggles to capitalize on the previous day's modest recovery gains and seesaws between tepid gains/minor losses through the early European session on Friday. Spot prices currently trade just below mid-213.00s, nearly unchanged for the day amid mixed fundamental cues.