Crypto currency Every fed evening is important for investors, but this evening is very different. Inflation is at risk due to increasing oil price. The effects of tariffs on inflation began to be felt more. In addition, Fed’s unemployment expectations began to increase. Powell’s explanations were expected by investors with enthusiasm.
Fed President Powell’s speech
The conversation started and we will constantly update the page with important details instantly. Powell’s interpretation of tensions between Iran and Israel on inflation, which does not care about Trump’s call for download interest rates, crypto currency It will affect the prices.
Iran called the Ambassador of Switzerland to the Tehran of Switzerland to react to Trump’s harsh statements. This ambassador represented the US interests in the region. The US Embassy is withdrawing its staff from Israel and the concern that the attacks will increase. The embassy will be closed until Saturday.
- Powell started talking.
- Powell: The economy is in a solid position.
- Powell: Inflation is a bit above the targets.
- Powell: The current policy stance is suitable to respond.
- Powell: Unusual fluctuation in net exports makes GDP measurement difficult.
- Powell: Market sensitivity has worsening due to trade policy concerns.
- Powell: It is not yet clear how emotions will affect expenditures.
- Powell: Labor market conditions maintain a solid course.
- Powell: In May, PCE inflation is estimated to increase by 2.3 %and core inflation increased by 2.6 %.
- Powell: Short -term inflation expectations rose. Customs duties were effective in this increase.
- Powell: The effects of customs duties will depend on the level of taxes. This year’s increases will adversely affect economic activity and attract inflation.
- Powell: Avoiding permanent inflation depends on the stable keeping of long -term inflation expectations stable.
- Powell: The effects of customs duties on inflation may be more permanent. It is our duty to prevent one -time price increases from turning into a continuous inflation problem.
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