Federal Reserve Chair Kevin Warsh testified before Congress on 14–15 July, reaffirming the Fed’s commitment to bringing inflation back to target while providing no clear guidance on the future path of interest rates. Meanwhile, June inflation data came in softer than expected, with annual consumer price growth slowing to 3.5% from 4.2% in May, temporarily […]
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The Swiss National Bank’s June policy minutes show policymakers becoming more concerned about inflation risks but not sufficiently alarmed to warrant tighter monetary policy. While the Governing Board acknowledged that higher energy prices and geopolitical Read more…
EUR/USD and GBP/USD continue to recover moderately following the recent weakening of the US dollar. European currencies have been supported by expectations that US inflationary pressures will continue to ease after softer-than-expected CPI and PPI Read more…
Markets The US Treasury curve bull steepened for a second session straight. Markets mirrored Tuesday’s post-CPI reaction after a more benign June PPI report. Headline producer price inflation fell by 0.3% M/M and slowed from Read more…