News&Analysis
Fed's Kashkari: Inflation is progressing lower, labor market remains strong
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari assuaged markets late Monday, reaffirming the Fed's data-dependent stance and reiterating common Fed policymaker talking points about the health of the US economy, including ongoing easing of inflationary pressures and a still-healthy labor market despite a near-term upswing in the overall unemployment rate.Fxstreet
3 hours ago
Fed's Waller: Latest inflation data was a disappointment
Federal Reserve (Fed) Board of Governors member Christopher Waller noted on Monday that recent US inflation data was a "disappointment", threading the needle between dangling an increase in the pace of Fed rate cuts in the future while also expressing caution at the current pace.Fxstreet
5 hours ago
US State Department: Seriously concerned by Chinese military drills in Taiwan strait and around Taiwan
A spokesperson at the US Department of State said on Monday that they are “seriously concerned by the People's Liberation Army (PLA) military drills in the Taiwan strait and around Taiwan.” Additional quotes “Call on the People's Republic of China (PRC)to act with restraint and to avoid any further actions that may undermine peace and stability across the Taiwan strait and in the broader region.” “Continue to monitor PRC activities and coordinate with allies and partners regarding our shared concerns.”Fxstreet
21 hours ago