EUR/USD
1.15594
-0.101%
Gold
4651.27
-1.169%
Oil
104.804
4.053%
USD/JPY
159.775
0.298%
GBP/USD
1.32489
-0.144%
GBP/JPY
211.689
0.074%
Real-time News
U.S. Redbook retail sales annualized for the week ending April 3 were 7.6%, compared to 6.9% previously.April 7th - U.S. business equipment orders rebounded in February, indicating that companies are proceeding with investment plans ahead of the potential conflict with Iran. Data released Tuesday by the U.S. Commerce Department showed that orders for non-defense capital goods (excluding aircraft) rose 0.6% in February, compared to economists median forecast of a 0.5% increase. Orders for all durable goods fell 1.4%, primarily reflecting a decrease in aircraft orders. Boeing stated that it received fewer aircraft orders in February compared to the previous month. The durable goods report showed increases in orders for computers, automobiles, metals, and machinery. Economists expect business investment to remain robust this year as companies continue to invest in artificial intelligence and take advantage of more favorable tax terms. Meanwhile, it remains unclear how cautious companies will become due to the potential conflict with Iran.On April 7th, New York Federal Reserve President Williams stated that the impact of the Iran war will push up overall inflation, and the resulting inflationary factors will be directly reflected in overall inflation data. Taking energy factors into account, the inflation rate should be around 2.75%. The current focus is on overall inflation; core inflation has not changed significantly. Tariffs remain an important factor in inflation, and overall inflation is expected to slow later this year. Monetary policy is currently in a favorable position, and a wait-and-see approach is appropriate. Interest rates are currently at a perfectly appropriate level and can be adjusted if necessary. The labor market situation is quite complex, characterized by low hiring and low layoffs.Federal Reserves Williams: I havent spoken with Warsh recently.Federal Reserves Williams: Warsh has a deep understanding of the Feds mission.
