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Mild CPI inflation reading not likely to shake the Fed's wait-and-see stance on tariffs
A cooler-than-expected inflation reading from May is not likely to shake the view of most Federal Reserve policymakers that rates should stay on hold until there is more clarity about the impact from President Trump's tariffs. Some economists were expecting to see higher costs from those tariffs showing up in the Consumer Price Index (CPI) report released Wednesday, but instead CPI showed that inflation pressures were relatively stable and even eased on a monthly basis. The "core" measure of CPI, which excludes volatile food and energy costs, rose 2.8% over the past year in May, matching April. Monthly core prices ... (full story)
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From treasurydirect.gov|Jun 11, 2025table
From cnbc.com|Jun 11, 2025|2 commentsCommerce Secretary Howard Lutnick said Wednesday that U.S. tariff levels on Chinese imports will not change from their current levels, even as a trade deal between Washington and ...
From news.sky.com|Jun 11, 2025The San Jose was lost for centuries, its £16bn treasure trove of gold and emeralds swallowed up by the Caribbean Sea. Not any more. Researchers say they have identified the ...
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From @financialjuice|Jun 11, 2025|6 commentsUS Treasury Secretary Bessent: There is possible tariff relief for countries negotiating fairly.
From fxstreet.com|Jun 11, 2025Gold prices posted modest gains of over 0.22% on Wednesday as the latest inflation report in the United States (US) revealed that prices are cooling. Hence, investors increased ...
From apnews.com|Jun 11, 2025|9 commentsThe State Department is preparing to order the departure of all nonessential personnel from the U.S. Embassy in Baghdad due to the potential for regional unrest, two U.S. officials said Wednesday. The Baghdad embassy has already been on limited staffing, and the order will not affect a large number of personnel. The department, however, also is authorizing the departure of nonessential personnel and family members from Bahrain and Kuwait. That gives them an option on whether to leave the country. The Pentagon is standing by to support a potential evacuation of U.S. personnel from U.S. Embassy Baghdad, another U.S. official said. The officials spoke on the condition of anonymity to detail plans that had not been made public. BREAKING: State Department official tells me: "Based on our latest (security) analysis, we decided to reduce the footprint of our Mission in Iraq"
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- Jun 11, 2025 12:33pm Posted byFundamental Analysis5,086
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