Federal Reserve Bank of New York President John Williams said Thursday that he sees lower risks to inflation as tariffs have driven up price pressures less than expected. "I see on the margin...a reduction of some of the upside risks to inflation" from tariffs, Williams told reporters after speaking at the Economic Club of New York. He noted this reduction comes alongside greater clarity about future economic policy. Williams acknowledged that President Donald Trump's import tax increases are "definitely" affecting price pressures, but added that in terms of tariff pass-throughs to higher...
Richmond Fed President Thomas Barkin believes that consumer spending behavior—now increasingly selective and inclined to "trade down"—can mitigate price spikes caused by import tariffs, potentially making future inflationary pressures more moderate than feared. He conveyed this view in a series of speeches and comments this week, including ahead of an event titled "Why the Consumer Matters" scheduled for Wednesday evening WIB at the Greenville Chamber of Commerce. Barkin also signaled caution regarding the possibility of an interest rate cut in September, emphasizing the uncertainty...
Australia's seasonally adjusted Wage Price Index rose 3.4% year-on-year in Q2 2025, matching the previous quarter's pace and exceeding expectations for a 3.3% increase. Acceleration in both the public and private sectors drove stronger-than-expected growth. Public sector wages jumped 4.7%, up from 3.6% in Q1, while private sector wages rose 3.4%, compared with 3.3% previously. This marks a recovery for the private sector, which had previously recorded its weakest growth since Q2 2022 in the previous two quarters. Overall, the electricity, gas, water, and waste services industry recorded...
The Reserve Bank of Australia (RBA) board members decided to lower the Official Cash Rate (OCR) by 25 basis points (bps) to 3.6% from 3.85%, following the conclusion of the August monetary policy meeting. The decision came in line with the market expectations.(alg) Sumber: FXstreet
The Federal Reserve now faces risks to both its inflation and jobs goals, with policymakers needing to balance which seems the more serious threat in deciding whether it is appropriate to reduce interest rates, St. Louis Fed President Alberto Musalem said on Friday. Between tariffs pushing up prices and job growth slowing, "there are risks on both sides of our mandate, and when that happens, when you have risks on both sides, you have to take a balanced approach, which means you have to think about the likelihood of missing on each side of the mandate, the size of the potential miss, and...
United States (US) President Donald Trump announced on Thursday that he would be selecting Stephen Miran, the current Chair of the US Council of Economic Advisors, to replace recently resigned Federal Reserve (Fed) Board of Governors (BoG) member Adriana Kugler. Stephen Miran will be replacing Adriana Kugler as a voting member of the Fed's Board on an interim basis until January 31, 2026. Trump is continuing his trend of appointing team members to multiple roles: Moran already serves as the Chair of the US CEA, a position he was nominated to by Trump at the beginning of his second...
President Donald Trump said he would fire Lisa Cook from the Federal Reserve's Board of Governors if she does not resign her post over mortgage-fraud accusations from a top...
The Reserve Bank of Australia (RBA) maintained its cash rate at 4.1% during its April meeting, holding borrowing costs unchanged after slashing 25 bps in the February meeting, aligning with market...