News

JPM Jamie Dimon:

• We need to fix a lot of things. We need to fix us.
• The dollar may not be the reserve currency if we don’t get our act together.
• US should be taxing carry forward interest
• Not increase SALT deduction
• Says we are going to see a crack in the bond market.
• Don’t know if crisis will be in 6-months or 6-years.
• The Fed is right to give time to policy.
• The Fed has to wait and see.
• In the future I see inflation. I don’t see deflationary stuff
• Deregulation and permitting would help growth and inflation
• We should aspire to 3% growth per year.
• AI may be deflationary but not next year.
• I would entertain running for public office if I thought I would have a chance to win.

The markets sold off on the comments on a Friday..

• Dow is down -0.48%
• S&P is down -0.90%
• Nasdaq is down -1.42%

This article was written by Greg Michalowski at www.forexlive.com.

US headline PCE price index rose 0.1% mom in April, in line with expectations, while annual inflation slipped from 2.3% yoy to 2.1% yoy, below the consensus of 2.2%. Core PCE, Fed’s preferred inflation gauge, also rose 0.1% mom and slowed from 2.6% yoy to 2.5% yoy, matching expectations. The data supports the view that […]

The post US core PCE inflation cools to 2.5%, income surges appeared first on Action Forex.

Switzerland’s KOF Economic Barometer edged up to 98.5 in May from 97.1, marking a modest improvement in economic sentiment. While the uptick is a positive signal, the barometer remains below its long-term average, suggesting that the broader outlook for the Swiss economy “remains subdued”. According to the KOF, the manufacturing sector showed notable strength, contributing […]

The post Swiss KOF rises to 98.5, but growth outlook remains subdued appeared first on Action Forex.