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Fed's Schmid Warns of Modest Economic Drag from High Oil Prices, Inflation May Not Be Transitory
Federal Reserve's Schmid expects sustained higher oil prices to modestly slow economic growth and cautions that the resulting inflation may not be temporary. This signals potential challenges for economic stability and inflation control efforts.
Date:
31.03.2026 |
Source:
FOR-EX.NEWS
Quotes
| Instrument | Price | Change (%) |
|---|---|---|
| EURUSD | 1.156200 | +0.87421% |
| GBPUSD | 1.323780 | +0.3898% |
| USDJPY | 158.674000 | -0.6493% |
| XAUUSD | 4679.950000 | +3.75334% |
| USDCAD | 1.391270 | -0.068954% |
| NZDUSD | 0.574550 | +0.41411% |
| USDCHF | 0.799270 | +0.043809% |
| AUDUSD | 0.689810 | +0.6626% |
| EURGBP | 0.873380 | +0.49131% |
| EURJPY | 183.456000 | +0.20319% |
| GBPJPY | 210.044000 | -0.2299% |
| AUDJPY | 109.458000 | +0.063992% |
| CADJPY | 114.030000 | -0.56246% |
| CHFJPY | 198.498000 | -0.65712% |
| NZDJPY | 91.120000 | -0.24413% |
| GBPCHF | 1.058070 | +0.46526% |
| EURCHF | 0.924070 | +0.90744% |
| USDMXN | 17.928100 | -0.94107% |
| USDZAR | 16.929400 | -1.46728% |
| USDTRY | 44.373800 | -0.21408% |
| USDRUB | 81.298100 | +0.089997% |
| USDSEK | 9.461600 | -0.69722% |
| USDCNY | 6.897500 | -0.20112% |
Upcoming Important Events
| Time | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 31.03.2026 | ||||
| 23:50 | 🇯🇵 | Tankan Large Manufacturers Index (Q1) | 16 | 15 |
| 01.04.2026 | ||||
| 01:45 | S&P Global Manufacturing PMI (Mar) | 51.6 | 52.1 | |
| 06:30 | 🇨🇭 | Retail Sales MoM (Feb) | 0.1 | 1.1 |
| 06:30 | 🇨🇭 | Retail Sales YoY (Feb) | 0.9 | -1.1 |
| 07:00 | Unemployment Rate (Mar) | 7.8 | 8.3 | |
| 07:30 | 🇨🇭 | procure.ch Manufacturing PMI (Mar) | 47 | 47.4 |
| 08:00 | Unemployment Rate (Feb) | 5.3 | 5.1 | |
| 09:00 | Unemployment Rate (Feb) | 7.6 | 7.7 | |
| 12:15 | 🇺🇸 | ADP Employment Change (Mar) | 40 | 63 |
| 12:30 | 🇺🇸 | Retail Sales Ex Autos MoM (Feb) | 0.3 | 0 |