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The new group will help develop an agentic AI “framework” for use in its robotics operations, an application often referred to as “physical AI.”

Nikesh Arora, the CEO of Palo Alto Networks, is joining the board of Uber. Prior, he was COO of Softbank and also held positions at Google and T-Mobile.

Kugler and Harker look most likely to be of interest:

• 1600 GMT/1200 US Eastern time: Federal Reserve Board Governor Adriana Kugler speaks on the economic outlook and monetary policy before an Economic Club of New York luncheon
• 1730 GMT/1330 US Eastern time: Federal Reserve Bank of Kansas City President Jeffrey Schmid speaks on banking policy before “The Future of Banking: Navigating Change” conference hosted by the Federal Reserve Bank of Kansas City
• 1730 GMT/1330 US Eastern time: Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the Philadelphia Council for Business Economics, in Philadelphia, Pa

This article was written by Eamonn Sheridan at www.forexlive.com.

Via China China Securities Journal, a state-run media outlet in China:People’s Bank of China (PBOC) could take further measures in H2 of 2025

• Such as an RRR cut if necessary

In order to

• further release long-term liquidity
• to ensure that liquidity remains reasonably ample in the middle of the year and in 2H25
• creating a suitable monetary and financial environment for the continuous economic recovery and improvement

The article added that the PBOC’s release of about RMB1 trillion worth of liquidity to the market through RRR cut last month.

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The Reserve Requirement Ratio (RRR) is a central bank regulation that sets the minimum amount of reserves each bank must hold in relation to their deposit liabilities. Its the percentage of total deposits that banks are legally required to keep on hand, either as cash in their vaults or in a reserve account at the central bank.

• In China, this ratio is set by the People’s Bank of China (PBOC).
• By adjusting the RRR, the PBOC can influence the lending capacity of commercial banks. For example, an increase in RRR means that banks have less money to lend out because they have to keep more in reserve. This reduces the money supply in the economy. Conversely, if the PBOC decreases the reserve ratio, banks have more money to lend because they are required to keep less in reserve. This increases the money supply in the economy, which can stimulate economic activity.

This article was written by Eamonn Sheridan at www.forexlive.com.

0745 GMT / 0345 US Eastern time Bank of England policymaker Megan Greene

• speaks about ‘economics with nontraditional data and analytical tools’ at the ECONDAT conference at King’s College London

Bank of England

This article was written by Eamonn Sheridan at www.forexlive.com.

The post Eco Data 6/5/25 appeared first on Action Forex.

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:

This article was written by Eamonn Sheridan at www.forexlive.com.

Education Secretary Linda McMahon said Columbia University’s purported failure to protect Jewish students from harassment was “immoral” and “unlawful.”