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"Progress on lowering inflation has stalled": Fed's Bowman takes aim at Iran war
Federal Reserve (Fed) Governor Michelle Bowman said progress on lowering inflation has stalled while discussing the economic outlook and monetary policy in a speech at a conference in Iceland on Friday. Bowman claimed that the longer the Iran war continues, the greater the risks to inflation become.Fxstreet
Fri, May 29
“Inflation pressures are weighing on the economy”: Fed’s Paulson claims
Anna Paulson, President of the Federal Reserve (Fed) Bank of Philadelphia, said inflation is a drag on the United States (US) economy while discussing the economic outlook and regional trends at an event hosted by the Chamber of Commerce of Southern New Jersey on Friday.Fxstreet
Fri, May 29
Iran's Top Negotiator Qalibaf: We have no trust in guarantees or words
In a post published on X on Friday, Iran's top negotiator Mohammad Baqer Qalibaf said they have no trust in guarantees or words, and added "only actions are the measures, no action will be taken before the other side acts."Fxstreet
Fri, May 29
Germany annual CPI inflation declines to 2.6% in May vs. 2.8% expected
Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), softened to 2.6% in May's flash estimate from 2.9% in April. This print came in below the market expectation of 2.8%. On a monthly basis, the CPI declined 0.2% following the 0.6% increase recorded in April.Fxstreet
Fri, May 29
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Today’s Market Recap: Nasdaq Falls Over 5%, AI Stocks Plunge as Nvidia Drops Over 9%, Micron Falls Over 17%, SanDisk Drops Over 22%
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