Trump Threatens 100% Tariffs on Countries Implementing Digital Services Tax on US Firms
Former President Donald Trump warned that any European country imposing a Digital Services Tax on American companies will face an immediate 100% tariff on all goods sent to the United States, overriding existing trade agreements. This statement signals potential escalation in trade tensions between the US and Europe over digital taxation policies.
Fed's Kashkari Suggests AI Development Could Lead to Interest Rate Hikes
Federal Reserve official Neel Kashkari indicated that advancements in artificial intelligence might necessitate increases in interest rates to manage economic impacts. This reflects concerns about potential inflationary pressures driven by AI-related productivity gains.
Fed's Kashkari Links AI to Rising Market Interest Rates, Remains Optimistic on Jobs
Federal Reserve's Kashkari suggests that advancements in AI could be contributing to higher market interest rates. Despite this, he maintains a positive outlook on employment prospects moving forward.
Fed's Kashkari Says AI Development Causes Short-Term Inflation
Federal Reserve's Kashkari stated that the development of artificial intelligence is clearly inflationary in the short term, suggesting potential upward pressure on prices due to AI advancements. This insight highlights concerns about inflation dynamics amid technological progress.
Euro holds ground against the US Dollar as traders weigh Middle East tensions and Fed outlook
Euro holds ground against the US Dollar as traders weigh Middle East tensions and Fed outlook
US Dollar, Silver and Copper Forecasts: Markets Are Testing Traders' Patience
Markets are entering one of those frustrating phases where price is moving, but conviction is still missing.
Gold Weekly Price Analysis – Gold Drops for the Week Again
The gold market gapped lower to start the week, falling hard. The $4,000 level is an area that has been tested, and so far, seems to be trying to hold things together.
Kashkari Expresses Inflation Concerns and Comments on FOMC Statement Reset
Minneapolis Fed President Kashkari voiced concerns about inflation, particularly in the services sector, and noted some positive signs in the labor market. He also stated that it was an appropriate time to reset the FOMC statement and emphasized the need to observe the impact of having no forward guidance.
Fed's Kashkari Signals One Rate Hike in 2026, Rates to Hold in 2027
Federal Reserve's Kashkari indicates a single interest rate increase is expected in 2026, with rates likely to remain steady through 2027. He also notes that recent inflation increases are driven by factors beyond oil and Middle East tensions.
USD/JPY Near-Term Outlook as Pair Faces Intervention Threat
The USD/JPY remains in a strong uptrend, as it surges past the 161 Yen mark vs the US Dollar. However, intervention threats now loom.