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: 2025.01.06
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Fed's Cook: Can be more cautious with further cuts given labor market resilience, stickier inflation
World FX news
Breaking news
Fed's Cook: Can be more cautious with further cuts given labor market resilience, stickier inflation
New
2025.01.06 23:25
2025.01.06 23:25
2025.01.06 23:25
Federal Reserve (Fed) Governor Lisa Cook said on Monday that Fed policymakers could be more cautious with further rate cuts, citing labor market resilience and stickier inflation, per Reuters.
Key takeaways
"Risks to Fed's inflation and employment goals are roughly in balance."
"US starts the year in strong shape, with a solid job market and growth, and inflation likely to fall gradually to 2%."
"Several reasons including strong business starts, AI investment, to believe productivity growth will continue."
"Private credit, AI, among the areas that could impact financial stability and need to be better understood."
"AI could hold benefits in terms of financial innovation, but also pose risks if models share biases or errors."
Market reaction
The US Dollar Index recover from session lows but remains in negative territory. At the time of press, the index was down 0.5% on the day at 108.38.
Last updated
: 2025.01.06
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USD/CAD holds positive ground above 1.4350 on bullish US Dollar, FOMC Minutes in focus
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2025.01.08 09:44Australia's monthly CPI inflation climbs to 2.3% YoY in November vs. 2.2% expected
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2025.01.08 09:34NZD/USD softens below 0.5650 on stronger US economic data
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2025.01.08 08:25EUR/USD flubs key technical levels and backslides once again
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2025.01.08 08:17GBP/USD snaps two-day win streak as risk appetite stumbles
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2025.01.08 08:01Fed's Bostic: Inflation is expected to decline but warns Fed to be cautious
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2025.01.08 07:49NZD/JPY Price Analysis: Pair tests 100-day SMA amid steady momentum
NZD/JPY extended its mild gains on Tuesday, nudging higher to 88.90 and building on the tentative recovery seen earlier in the week.
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2025.01.08 07:00Australian Dollar changed its course ahead of inflation data, USD recovers
The Australian Dollar failed to hold gains against the US Dollar and retreated towards 0.6230 on Tuesday.
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2025.01.08 06:47Silver Price Forecast: XAG/USD surges above $30.00, defies strong US Dollar, high yields
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2025.01.08 06:18Disclaimer:
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