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'It’s not political': Waller again calls for rate cut in July, reinforcing Fed divide
Federal Reserve governor Christopher Waller reiterated Thursday that he believes the Fed could consider cutting rates later this month because any inflation from tariffs will be temporary, underscoring a new divide within the central bank. “I think we're just too tight and we could consider cutting the policy rate in July,” said Waller, addding, “it’s not political.” One of his colleagues, St. Louis Federal Reserve president Alberto Musalem, made a much different argument Thursday, saying he is undecided about whether inflation from tariffs will be a one-time boost or longer lasting. “It's going to take ... (full story)
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From @LiveSquawk|Jul 10, 2025Fed's Daly: The Economy Is In A Good Place, Growth And Jobs Solid, Inflation Easing - Fed Has Ability To Restore Price Stability Gently Given State Of Economy - Monetary Policy Is Still Restrictive Fed's Daly: Labor market is cooling and growth is moderating, but data is not getting meaningfully weaker. Fed's Daly: I don't expect very persistent inflation impact from tariffs. Fed's Daly: It's time to think about adjusting the interest rate pic.twitter.com/GI8I5XIj5U Fed's Daly: I see two cuts in 2025 as the likely outcome.
From cnbc.com|Jul 10, 2025|7 commentsPresident Donald Trump’s budget chief on Thursday said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed” and suggested he had misled Congress about a ...
From @financialjuice|Jul 10, 2025|2 commentsFed's Waller: Tariffs increase prices one time, central banks can look through that. Fed's waller: Tariff effects not zero but are not large either. FED’S WALLER NOTED THAT UNEMPLOYMENT IS NEAR ITS LONG-RUN LEVEL AND REITERATED THAT A JULY RATE CUT IS POSSIBLE, EMPHASIZING IT WOULD BE BASED ON DATA, NOT POLITICS.
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From msn.com|Jul 10, 2025The IMF said on Thursday it was closely monitoring the latest U.S. tariffs announcements, saying uncertainty about the global economic outlook remained high and urged countries to ...
From bnnbloomberg.ca|Jul 10, 2025Authorities in junta-led Mali are selling gold from a major mine seized from Canadian firm Barrick last month, with the aim of restarting operations, official sources told AFP ...
From youtube.com/cmegroup|Jul 10, 2025Copper futures rallied 2.2% as tariff tensions heated up. U.S. confirms 50% import duty starting Aug 1. With global supply tight and demand surging, prices are up 35.5% YTD. Bob ...
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- Jul 10, 2025 1:59pm Posted byFundamental Analysis35,717
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