US unemployment claims rise moderately amid labor market freeze

ECB's President Lagarde: We are data dependent on rates. ECB's President Lagarde: We're still anticipating growth in 2H, but weaker than in 1H.

KC FED'S SCHMID/CFA KANSAS: FOMC 'MUST BE FORWARD LOOKING;' INFLATION IS 'TOO HIGH;' NOTABLE THAT PRICES FOR DURABLE GOODS RISING #Schmid #FederalReserve #economy The Federal Reserve, Economic Outlook and Monetary Policy Welcome to the Kansas City Fed. Thank you for the invitation to speak with you today. I look forward to our discussion. Before turning to the outlook for the economy and monetary policy, I would like to take a moment to call your attention to the wide range of activities taking place in this building. Our role in monetary policy gets a lot of attention, and I will get to that, but the Federal Reserve System, and the Kansas City Fed within that system, has a much broader set of responsibilities than monetary policy alone. The staff that fill this building play varied and essential roles in maintaining the safety and efficiency of the nation’s financial system. I will briefly review three of these functions: FED’S SCHMID – SAYS MONITORING ALTERNATIVE LABOR MARKET AND PRICE DATA CLOSELY; EXPECTS TARIFFS TO HAVE MUTED EFFECT ON INFLATION ... Fed’s Schmid – Says Monetary Policy Remains Only Slightly Restrictive Fed’s Schmid – Warns That Aggressively Boosting Demand Could Trigger Larger Price Increases