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West Texas Intermediate (WTI) Crude Oil prices continue their upward trajectory on Tuesday, marking the second day of gains. At the time of writing, WTI is hovering near Monday’s high, trading around $63.06 per barrel, reflecting a nearly 2% increase on the day.

West Texas Intermediate (WTI) Crude Oil prices continue their upward trajectory on Tuesday, marking the second day of gains. At the time of writing, WTI is hovering near Monday’s high, trading around $63.06 per barrel, reflecting a nearly 2% increase on the day.

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee fell in step with the Fed policymaker crowd on Tuesday, admitting that while things look good right now, policy uncertainty remains elevated at the hands of President Trump’s whiplash tariff policies, and the Fed is beginning to brace f

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee fell in step with the Fed policymaker crowd on Tuesday, admitting that while things look good right now, policy uncertainty remains elevated at the hands of President Trump’s whiplash tariff policies, and the Fed is beginning to brace f

Goolsbee doesn’t have pre-released text for his speech, so I’ll update as we go if there is anything. He’s talking about the inflatino impact of tariffs in these comments.

• Could see direct effect of tariffs on prices within a month
• Slowdown related to tariffs might not show up for a while in the data

This article was written by Adam Button at www.forexlive.com.

Economists are asking Congress to reconsider cuts to Medicaid and SNAP, which they say would hurt low-income Americans.

• Says she is committed to keeping longer-term inflation expectations in check
• She will balance Fed goals as part of mon pol deliberations
• Says she anticipates economic growth will slow this year
• Sees evidence that trade policy is now affecting the economy
• Trade policy may make it harder to get inflation lower

There is a slight dovish tilt here.

This article was written by Adam Button at www.forexlive.com.

Cook expressed concern Tuesday with the progress on inflation, saying recent lower readings could reverse.