Trump Credits Tariffs for Boosting LNG Exports and U.S.-Japan Industrial Expansion
Former President Trump attributed tariffs as a crucial factor enabling investments that will expand LNG exports, enhance U.S. energy dominance, and reduce reliance on foreign raw materials. He framed these projects as initiating a new phase of industrial cooperation between Washington and Tokyo.
Fed’s Daly Emphasizes Need to Protect Labor Market from Broader Fragility
Federal Reserve official Mary Daly stresses the importance of ensuring that current vulnerabilities in the labor market do not develop into wider economic weaknesses. Her comments highlight ongoing concerns about labor market stability amid economic uncertainties.
Fed's Daly Says AI May Help Ease Inflation Amid Job Losses Outside Healthcare and Education
Federal Reserve's Daly highlighted that artificial intelligence could contribute to reducing inflation alongside restrictive monetary policies. She also noted that most U.S. sectors, except healthcare and education, have experienced job losses recently.
Fed's Daly Signals 75 Basis Points More to Reach Neutral, Inflation Remains a Concern
Federal Reserve's Mary Daly stated that approximately 75 basis points of rate hikes remain to reach a neutral stance, emphasizing that inflation still needs to decline. This suggests continued monetary tightening to address persistent inflationary pressures.
Fed’s Daly Suggests Productivity Gains Reflect Cost Management Amid Slowing Economy
San Francisco Fed President Mary Daly indicates that recent productivity improvements may stem from better cost management rather than fundamental structural changes, amid a slowing economic environment. This insight highlights potential challenges in sustaining long-term economic growth.
Fed's Daly Cautious on AI's Impact on Productivity Gains
Federal Reserve's Daly states it is too early to attribute productivity improvements solely to artificial intelligence, although some productivity gains are clearly occurring. This cautious stance highlights ongoing uncertainty about AI's economic impact.
Fed’s Daly Highlights Mixed Inflation Impact of AI Investment
Federal Reserve's Daly stated that AI investment may increase demand and inflationary pressures, but productivity gains from AI could have a disinflationary effect. The overall impact on inflation depends on the timing of these factors.
Fed's Daly Highlights Persistent Inflation and Financial Strain on Households
Federal Reserve official Mary Daly emphasized that inflation continues to exceed the target level, contributing to ongoing financial pressure on households. Her remarks underscore the challenges facing the economy and potential implications for monetary policy.
US Dollar Price Action Setups: EUR/USD, USD/JPY, Gold
This week's webinar started off with another short-term setup in gold. Last week, I looked at the 5k level in-play as short-term support and that led to a rally up to the $5100 level.
Venezuela Releases Detained Oil Consultant Amid Efforts to Revive Oil Sector
Venezuela freed oil consultant Evanan Romero after four days in detention, a move that alleviates investor and diplomatic tensions. The government of Delcy Rodríguez is working to boost the oil industry as U.S. sanctions ease and foreign energy investments increase.