EUR/USD
1.04975
0.721%
Gold
2937.17
0.141%
Oil
72.432
0.498%
USD/JPY
149.695
-1.173%
GBP/USD
1.26667
0.646%
GBP/JPY
189.617
-0.525%
Real-time News
On February 21, local time on February 20, Polish Prime Minister Tusk issued a three-point statement on the Ukrainian crisis and strengthening EU security: First, provide funds for aiding Ukraine from Russias frozen assets. Second, strengthen air policing, the "Baltic Sentinel" operation and EU-Russia border security. Third, quickly adopt new fiscal rules to fund EU security and defense.February 21, Federal Reserve Chairman Moussallem mentioned the two major risks of rising inflation expectations and difficult-to-handle stagflation on Thursday, and these remarks highlight the potential difficult choices facing the Federal Reserve. Moussallem said that while many of his colleagues said they believed that inflation expectations were anchored, he was worried that recent data showed that inflation expectations may be rising, which could force the Federal Reserve to take a more restrictive path. In his speech, Moussallem did not give his current views on expectations for rate cuts this year. But his warning suggests that the Feds main tone on falling inflation and eventual further rate cuts may become complicated, but this outlook remains the baseline forecast for now, even if officials acknowledge that the Trump administrations new import taxes and immigration rules may have an impact on prices.On February 21, St. Louis Fed President Moussallem said on Thursday that the Fed is evaluating the Trump administrations executive orders and will adopt them if possible. Moussallem said in an appearance in New York that "our regional Fed banks and the Board of Governors are receiving these executive orders" and "evaluating these orders in real time. In the past, the Feds practice has been to seek consistency with executive orders from multiple governments, and we are working hard to take action to be consistent with executive orders where appropriate and in compliance with applicable laws." He added: "We are still in the review process, and I cant say anything more."The UK defence secretary is seeking to increase the defence budget to 2.5% of GDP by 2030.On February 21, Federal Reserve Vice Chairman for Financial Supervision Barr warned on Thursday that weakening bank rules and supervision could make companies vulnerable to sudden shocks. Barr warned against drastically weakening existing bank rules and supervision and urged regulators to complete international capital standards. Barr will step down as Vice Chairman for Supervision at the end of February.
