EUR/USD
1.15618
0.002%
Gold
3394.84
0.286%
Oil
71.329
1.869%
USD/JPY
144.753
0.003%
GBP/USD
1.35538
-0.176%
GBP/JPY
196.205
-0.127%
Real-time News
On June 17, Nick Timiraos, the "Federal Reserve mouthpiece," pointed out in the article that there is good reason to believe that if it were not for the risks to prices posed by tariffs, the Federal Reserve would be ready to cut interest rates this week due to the recent improvement in inflation. Instead, Federal Reserve officials are expected to extend their wait-and-see attitude on Wednesday. At this meeting, Federal Reserve officials will assess how the economy has responded to the record tariff increases of the past few months. Inflation data has been relatively mild in the past three months. However, officials are concerned that tariffs announced since March may disrupt what economists call "inflation expectations." The article expects that whether the Federal Reserve will cut interest rates this year and the extent of the cut will depend to a certain extent on how officials view the risks of inflation expectations.June 17, "Fed Mouthpiece" Nick Timiraos: There is good reason to believe that if it were not for the risk posed by tariffs to prices, the Fed would be ready to cut interest rates this week because of the recent improvement in inflation. I think the past five years have changed peoples views on inflation and what might happen.On June 17, data from the International Energy Agency showed that Russias crude oil production fell by 100,000 barrels per day to 9.1 million barrels per day in May, and its exports of oil and petroleum products fell by 230,000 barrels per day to 7.3 million barrels per day. At the same time, due to lower global oil prices, total revenue fell by US$480 million to US$12.6 billion. In May, Russias oil export revenue reached the lowest level since February 2021, and its oil product revenue reached the lowest level since June 2023.Sources: US will oppose UN Aviation Councils green aviation fuel proposal.Russian government official: A decision (on the Siberia-2 gas pipeline) may be made this year.
