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1.18121
0.300%
Gold
4958.08
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Real-time News
On February 7th, Federal Reserve Vice Chairman Thomas Jefferson stated that the central banks current interest rate stance is "perfectly suited" to a robust economic situation, indicating that he is in no hurry to resume the rate cuts that the Fed paused in January. Jefferson noted that although inflation has consistently exceeded the Feds 2% target, he expects the downward trend in inflation to resume later this year. He also estimates the overall economic condition to be good, with economic growth projected to reach approximately 2.2% by 2026. He stated, "I see some signs that the labor market is stabilizing, inflation is poised to return to our 2% target, and sustainable economic growth will continue." Jefferson noted that the three rate cuts implemented by the Fed between September and December of last year adjusted interest rates to a range of 3.5% to 3.75%—close to market expectations of a "neutral level," a level that neither stimulates nor inhibits the economy. He pointed out that this stance strikes a reasonable balance between the two major risks facing the central bank.February 7th - On the evening of February 6th local time, following the conclusion of the US-Iran nuclear negotiations, Iranian Foreign Minister Araqchi left Muscat, the capital of Oman. Reportedly, in an interview after the negotiations, Araqchi stated that the Iranian delegation must return to Tehran to consult on "key issues" and prepare for future negotiations.Federal Reserve Vice Chairman Jefferson: Tariffs are a key driver of inflation in 2025, and price pressures should ease in 2026.Federal Reserve Vice Chairman Jefferson: Although upside risks remain, I expect inflationary pressures to ease.Federal Reserve Vice Chairman Jefferson: Tariffs are likely just a one-off change in price levels.
