With just days to go until the Federal Reserve delivers its rate decision due Wednesday, expectations for the Fed to lean more dovish are gaining traction following a string of cooler inflation reports but Barclays is pushing back, warning it's much too early for a Fed pivot as tariff-induced inflation is just a matter of time. "Although May's inflation estimates were soft, we retain our view that it is just a matter of time until cost-push pressures from tariffs feed through to consumer prices," Barclays' analysts said, cautioning, "we do not expect the FOMC will take much signal" from the...
US President Donald Trump called for the evacuation of Iran's capital, Tehran, on Monday, hours after urging the country's leaders to accept a deal to curb its nuclear program as Israel signaled that attacks would continue, according to Bloomberg "Iran should sign the 'deal' I asked them to sign," Trump wrote in a social media post from a Group of Seven leaders summit in Alberta, Canada. "What a disgrace, and a waste of human lives. Simply put, IRAN SHOULD NOT HAVE NUCLEAR WEAPONS. I've said it over and over again! Everyone should evacuate Tehran immediately!" (alg) Source: FXstreet
The Bank of Japan (BoJ) is widely expected to leave short-term interest rates unchanged at 0.5% after its two-day June monetary policy review ends on Tuesday (6/17). With no quarterly economic projections due, all eyes will be on the BoJ's plan to taper its purchases of Japanese government bonds (JGBs) and hints on the timing of its next rate hike. The BoJ's policy announcement is likely to fuel volatility around the Japanese yen (JPY). What to expect from the BoJ's rate decision? The BoJ is set to extend the pause in its rate-hike cycle to a third straight month in June, keeping its...