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1. China imposes an additional 50% tariff on all imports originating from the United States.
2. The President of the European Commission holds talks with pharmaceutical industry leaders on US tariffs.
3. US President Trump said in a speech that the United States will impose tariffs on medicines.
4. The latest minutes of the Federal Reserve meeting will be released at 2 o'clock.
5. Fed Kashkari said that tariffs will raise the threshold for rate cuts
Given the impact of tariffs on inflation, the Federal Reserve is unlikely to cut interest rates in the face of tariffs even if the economy begins to deteriorate. Kashkari said that Trump's tariffs are "much higher and more extensive than expected," and he expects that these tariffs will reduce investment and economic growth and push up inflation "at least in the short term." Given the importance of keeping long-term inflation expectations stable and the possibility that tariffs will boost near-term inflation, the threshold for rate cuts is higher even in the face of a weak economy and a possible rise in unemployment. He pointed to the fact that recent measures of inflation expectations have begun to rise, as well as the U.S. experience with high inflation over the years, as reasons why the Fed may not be able to ignore any tariff-driven price shocks. “Given the high inflation we have experienced in recent years, and the risk that longer-term inflation expectations may get out of control, I believe our first priority must be to keep longer-term inflation expectations stable.”
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1. China imposes an additional 50% tariff on all imports originating from the United States.
2. The President of the European Commission holds talks with pharmaceutical industry leaders on US tariffs.
3. US President Trump said in a speech that the United States will impose tariffs on medicines.
4. The latest minutes of the Federal Reserve meeting will be released at 2 o'clock.
5. Fed Kashkari said that tariffs will raise the threshold for rate cuts
Given the impact of tariffs on inflation, the Federal Reserve is unlikely to cut interest rates in the face of tariffs even if the economy begins to deteriorate. Kashkari said that Trump's tariffs are "much higher and more extensive than expected," and he expects that these tariffs will reduce investment and economic growth and push up inflation "at least in the short term." Given the importance of keeping long-term inflation expectations stable and the possibility that tariffs will boost near-term inflation, the threshold for rate cuts is higher even in the face of a weak economy and a possible rise in unemployment. He pointed to the fact that recent measures of inflation expectations have begun to rise, as well as the U.S. experience with high inflation over the years, as reasons why the Fed may not be able to ignore any tariff-driven price shocks. “Given the high inflation we have experienced in recent years, and the risk that longer-term inflation expectations may get out of control, I believe our first priority must be to keep longer-term inflation expectations stable.”
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✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 188.6% per week🎁Success rate is as high as 97.85%, real-time communication: @cryptoanalyst_baker Signal entry: t.me/FcCygjylf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.