EUR/USD
1.16253
-0.056%
Gold
4456.18
-1.138%
Oil
88.360
-4.422%
USD/JPY
159.513
0.140%
GBP/USD
1.34272
-0.145%
GBP/JPY
214.171
-0.008%
Real-time News
Reserve Bank of New Zealand Governor Brehman: The committee believes that inflationary pressures will increase in the future, and the cash rate needs to be raised further.Reserve Bank of New Zealand Governor Brehman: Ive heard that export-oriented businesses are performing well, but are concerned about the uncertain environment.On May 28th, Federal Reserve Governor Lisa Cook stated in a speech at a Stanford University event that inflation is heading in the wrong direction, and she is prepared to raise interest rates if this continues. While Cook indicated she currently favors keeping borrowing costs unchanged and expects price growth to cool again in the coming months, her remarks align with the views of many Fed officials that accelerating inflation is now a greater policy concern than the labor market. Cook stated, "I want to be clear about my risk assessment: the risks still tilt towards higher inflation." Cook indicated that five years of inflation exceeding the Feds 2% target poses a risk that price pressures are embedded in price and wage setting behavior. "Therefore, if the expected process of inflation easing does not materialize in time, I am prepared to raise interest rates," she said.Reserve Bank of New Zealand Governor Brehman: Recognizing that it will take some time to see the impact of higher oil prices on the broader industry.Federal Reserve Governor Cook: It may take a long time to see structural changes in the economy brought about by artificial intelligence.
