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- Submitted May 7, 2025|From @LiveSquawk

Fed’s Powell: Risks Of Higher Unemployment, Inflation Have Increased, But Not Yet In Data POWELL: BUSINESSES AND HOUSEHOLDS VERY BROADLY ARE CONCERNED, POSTPONING DECISIONS POWELL: IF NOTHING HAPPENS TO ALLEVIATE THOSE CONCERNS, WOULD EXPECT THAT TO SHOW UP IN DATA IN WEEKS, MONTHS POWELL: QE WASNT BEYOND THE CONFINES OF OUR MANDATE Fed's Powell: We could've tapered QE earlier or faster in hindsight. POWELL: DON'T SEE BIG ECONOMIC EFFECTS IN THE DATA YET FROM TARIFFS
- Submitted May 7, 2025|From @DeItaone|4 comments

POWELL: THERE ARE CASES IN WHICH RATE CUTS WOULD BE APPROPRIATE THIS YEAR POWELL: I CAN'T CONFIDENTLY SAY I KNOW THE APPROPRIATE RATE PATH POWELL: PRESIDENT'S CALLS FOR RATE CUTS DON'T AFFECT OUR JOB AT ALL POWELL: DOWNSIDE RISKS HAVE INCREASED Fed’s Powell Says There Are Cases Where It Would Be Both Appropriate And Inappropriate To Cut Rates This Year
- Submitted May 7, 2025|From @financialjuice|18 comments

Fed's Powell: We'll know more as the White House negotiates tariffs with other nations. Powell: The 2024 rate cuts weren't preemptive. "If anything, it was a little late." *POWELL: WON'T MAKE PROGRESS ON GOALS THIS YEAR IF TARIFFS STAY *POWELL: THIS IS NOT A SITUATION WHERE WE CAN BE PREEMPTIVE Powell: If inflation is rising while unemployment is going up, which isn't a choice we currently face, "this would be a complicated and challenging judgment that we'd have to make." Fed's Powell: We look at totality of labor data to assess for weakening.
- Submitted May 7, 2025|From @financialjuice

Fed's Powell: Ultimately we think policy rate is in a good place. Fed’s Powell: No Hurry, Says Can Be Patient On Adjusting Rates Fed's Powell: The costs of waiting are fairly low. POWELL: WHEN THINGS DEVELOP, WE CAN MOVE QUICKLY IF APPROPRIATE Fed’s Powell: ‘Comfortable’ With Fed Policy Stance; Patience Is Appropriate
- Submitted May 7, 2025|From @DeItaone|3 comments

POWELL: IF LARGE INCREASES IN TARIFFS AS ANNOUNCED ARE SUSTAINED, WILL SEE HIGHER INFLATION, LOWER EMPLOYMENT *POWELL: WELL POSITIONED TO WAIT FOR GREATER CLARITY FED'S POWELL: IF DUAL MANDATE GOALS IN TENSION, CONSIDER DISTANCE FROM GOAL, TIME TO CLOSE GAPS || SAYS TIME TO WAIT BEFORE ADJSUTING POLICY Fed's Powell: Tariffs’ longer-term impact on inflation isn't clear yet. Fed's Powell: Without price stability, we cannot achieve strong labor conditions.
- Submitted May 7, 2025|From @cablefxmacro

*POWELL: ECONOMY STILL IN SOLID POSITION DESPITE UNCERTAINTY Fed’s Powell: Economy Is In A Solid Position - Running Somewhat Above 2% Inflation Target - Current Policy Stance Leaves Fed ‘Well-Positioned’ To Respond In Timely Manner FED'S POWELL: IMPORT SWING COMPLICATED GDP DATA || SAYS REMAINS TO BE SEEN HOW UNCERTAINTY AFFECTS FUTURE SPENDING AND INVESTMENT *POWELL: NEAR-TERM INFLATION EXPECTATIONS HAVE MOVED UP *POWELL: SURVEYS POINT TO TARIFFS BE A DRIVING FACTOR POWELL: TARIFFS SO FAR SIGNIFICANTLY BIGGER THAN EXPECTED
- Submitted May 7, 2025|From youtube.com/federalreserve|2 comments

The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve conducts the nation’s ...
- Submitted May 7, 2025|From federalreserve.gov|16 comments

Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook has increased further. The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen. In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective. *FED: INFLATION REMAINS SOMEWHAT ELEVATED *FED SAYS UNCERTAINTY ABOUT OUTLOOK HAS ‘INCREASED FURTHER’ FOMC STATEMENT COMPARE pic.twitter.com/fY3ELbHwAx FED SAYS UNCERTAINTY ABOUT OUTLOOK HAS 'INCREASED FURTHER' || SAYS COMMITTEE JUDGES RISKS OF HIGHER UNEMPLOYMENT AND HIGHER INFLATION HAVE RISEN
- Submitted May 7, 2025|From fastcompany.com|3 comments

The Federal Reserve could keep its key rate unchanged for several more months as it evaluates the impact of President Donald Trump’s widespread tariffs on hiring and inflation, some economists say, even as the White House pushes for a rate cut. The ...
- Submitted May 7, 2025|From kitco.com

China added to its gold reserves for the sixth straight month in April, the country’s central bank reported on Wednesday, as other sovereign buyers continued to build up their bullion holdings despite record-setting prices. “Data released by the ...
- Submitted May 7, 2025|From financemagnates.com

Bitcoin's resilience continues to impress market observers as the world's largest cryptocurrency maintains its upward trajectory in 2025. Currently hovering around $97,000, Bitcoin has staged a remarkable recovery since its 2022 bottom of ...
- Submitted May 7, 2025|From sports.yahoo.com|1 comment

Florida basketball coach Todd Golden has been rewarded for leading UF to its third national title in school history. UF announced on May 6th that it has agreed to a six-year, $40.5 million contract with Golden through March 31, 2031. The extension ...
- Submitted May 7, 2025|From forex.com

Gold has experienced two sessions of strong bullish pressure that have pushed the price back toward the $3,400 per troy ounce zone. However, during the current session, selling pressure has reemerged, with a drop of just over 1.5%, as the price ...
- Submitted May 7, 2025|From fxdailyreport.com

Ethereum ($ETH) has recently announced the completion of its most-awaited Pectra upgrade. As per Ethereum, the Pectra upgrade has officially been launched on its mainnet. The platform revealed this significant development on its social media account ...
- Submitted May 7, 2025|From exchangerates.org.uk

The US-China have not even started negotiations on a trade deal, but a meeting has finally been set for this weekend. Markets jumped higher on the news, although the USD soon faded and is nearly unchanged in a reflection of deeper problems. The ...
- Submitted May 7, 2025|From kitco.com

U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's economic tsar He Lifeng in Switzerland this weekend for talks that could be the first step toward resolving a trade war disrupting the global economy. ...
- Submitted May 7, 2025|From nypost.com

“Bob has been more than just a colleague over the last three decades – he’s been a constant presence, a trusted voice and a defining figure in our coverage,” Dan Colarusso, CNBC’s senior vice president of Business News, wrote in a memo to staff. “He ...
- Submitted May 7, 2025|From streetinsider.com|1 comment

U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending May 2, 2025, which was 7 thousand barrels per day less than the previous week’s average. Refineries operated at 89% of their operable capacity last week. ...
- Submitted May 7, 2025|From dailyforex.com

Gold bulls have resumed their push to record highs, with the XAU/USD price index climbing to the resistance level of $3,438 per ounce before settling around $3,388 per ounce at the time of writing. During yesterday's trading session alone, across ...
- Submitted May 7, 2025|From bitcoinmagazine.com

Bootoshi is one of the more curious minds pushing the boundaries of art, AI, and bitcoin. Part builder, artist, and tinkerer, he’ll be bringing his latest work to both the Bitcoin Conference Las Vegas and Inscribing Vegas during Bitcoin Week in late ...