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INSIGHT-In Trump's circle, some expect high tariffs even after trade deals
Trump's tariffs have angered trade partners, slowed global economy, roiled marketsPresident's advisers differ on theory underpinning tariffs but most agree tariffs will higher under TrumpKey advisors including Navarro, Miran see 'optimal tariff rate' to boost tax revenues and economy...Reuters
Fri, May 9
US tariffs are not having a 'dramatic' impact on UK, BoE chief economist says
LONDON, May 9 (Reuters) - U.S. tariffs have not yet had a 'dramatic' effect on Britain's economy and the Bank of England should not neglect longer-term domestic pressure that might push up on inflation, Bank of England Chief Economist Huw Pill said on Friday.Pill, who voted against Thurs...Reuters
Fri, May 9
Fed's Kugler: Economy and job market show resilience
May 9 (Reuters) - The U.S. economy and job market have both shown signs of resilience, Federal Reserve Governor Adriana Kugler said on Friday, adding that there are signs that could augur a pull back in consumer spending later in the year.Despite recent data showing a contraction in U.S. gross domes...Reuters
Fri, May 9
US Dollar Index hits near a month high before reversing ahead of US-China trade talks
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is quickly reversing course this Friday ahead of the United States (US) trade talks with China in Switzerland over the weekend.Fxstreet
Fri, May 9
Mexican Peso holds recent gains as traders await Consumer Confidence data and trade talks outcome
The Mexican Peso (MXN) is trading broadly flat against the US Dollar (USD) in Friday’s European session, as attention turns to upcoming Mexican Consumer Confidence data and a series of Federal Reserve (Fed) speeches, as traders head towards the weekend focusing on the US-China trade discussions to bFxstreet
Fri, May 9
Sweden cuts GDP growth forecasts for 2025 and 2026
STOCKHOLM, May 9 (Reuters) - The Swedish government lowered its GDP growth forecast for 2025 and 2026 on Friday to 1.8% and 2.3%, respectively.Its forecast from April was for growth of 2.1% this year and 2.8% in 2026. Finance Minister Elisabeth Svantesson had flagged that this would be revised lower...Reuters
Fri, May 9
Barr: Fed needs to be in wait-and-see stance for now
May 9 (Reuters) - The Federal Reserve needs to be patient in assessing how the Trump administration's tariffs affect the economy - especially inflation and unemployment - before making any adjustments to interest rates, Federal Reserve Governor Michael Barr said on Friday."Growth has been st...Reuters
Fri, May 9
Fed's Kugler says US labor market stable, close to maximum employment
May 9 (Reuters) - Federal Reserve Governor Adriana Kugler on Friday said the U.S. labor market is stable and, based on the current unemployment rate of 4.2% and a range of other measures, is most likely close to the central bank's goal of maximum employment.Kugler's prepared remarks to the C...Reuters
Fri, May 9
EUR/USD bounces back amid uncertainty over upcoming US-China trade talks
EUR/USD rebounds to near 1.1260 during European trading hours on Friday from over a three-week low around 1.1200 earlier in the day. The major currency pair bounces back as the US Dollar (USD) retraces amid caution ahead of the trade talks between the United States (US) and China due on Saturday.
Fxstreet
Fri, May 9
