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: 2025.06.04
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Fed's Goolsbee: We could see a direct tariff effect on prices within a month
World FX news
Breaking news
Fed's Goolsbee: We could see a direct tariff effect on prices within a month
New
2025.06.04 02:25
2025.06.04 02:25
2025.06.04 02:25
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee fell in step with the Fed policymaker crowd on Tuesday, admitting that while things look good right now, policy uncertainty remains elevated at the hands of President Trump's whiplash tariff policies, and the Fed is beginning to brace for economic fallout from widespread tariffs.
Key highlights
We have to wait and see if tariffs have a big or small inflation impact.
We could see a direct tariff effect on prices within a month.
Slowdown related to tariffs might not show up for a while in the data.
All indicators point to stable and full employment.
Concerns that the dollar will stop being the world reserve currency look overstated.
Escalating unbounded trade war could spiral up the inflation rate.
Last updated
: 2025.06.04
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EUR/USD climbs to six-week high as ECB cuts interest rates, US Jobless Claims disappoint
The Euro (EUR) edges higher against the US Dollar (USD) on Thursday, following choppy price action, as traders react to the European Central Bank's (ECB) widely expected interest rate cut and disappointing US Initial Jobless Claims, which weigh on the Greenback.
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2025.06.05 23:15GBP/USD advances to multi-year highs above 1.3600 on renewed USD weakness
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2025.06.05 23:02Lagarde speech: Facing significant uncertainty
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New
2025.06.05 22:23Lagarde speech: We are in a good place after 25 bps rate cut today
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to lower key rates by 25 basis points at the June policy meeting and responds to questions from the press.
New
2025.06.05 22:13Lagarde speech: Survey data point to some weaker prospects in near term
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to lower key rates by 25 basis points at the June policy meeting and responds to questions from the press.
New
2025.06.05 21:58US President Trump and Chinese President Xi hold phone call - Xinhua
According to Xinhua news agency, United States (USD) President Donald Trump and Chinese President Xi Jinping held a phone call on Trump's request to engage in discussions and reflect ongoing diplomatic communication amidst tensions.
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2025.06.05 21:55US weekly Initial Jobless Claims rise to 247K vs. 235K expected
There were 247,000 initial jobless claims in the week ending May 31, according to data published Thursday by the United States (US) Department of Labor (DOL). This figure followed the previous week's print of 239,000 (revised from 240,000) and came in worse than the market expectation of 235,000.
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2025.06.05 21:37USD/INR pulls back from 86.00 as the US Dollar softens, RBI rate decision in focus
The Indian Rupee (INR) strengthens modestly against the US Dollar (USD) on Thursday, ending a two-day losing streak as the Greenback softened following Wednesday's weaker-than-expected US economic data.
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2025.06.05 21:28Gold extends gains ahead of ECB rate decision, US Jobless Claims, and trade talks
Gold (XAU/USD) extends its upward move during the European session on Thursday, with markets focusing on the European Central Bank (ECB) decision, US employment data, and developments surrounding trade talks ahead of US President Donald Trump's meeting with German Chancellor Friedrich Mertz.
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2025.06.05 21:22USD/CAD dips to test YTD lows at 1.3650 amid generalised Dollar weakness
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2025.06.05 20:45Disclaimer:
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