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Gold
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145.177
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Real-time News
On May 9, European Commission President Ursula von der Leyen said that once a specific trade plan is on the table, she could envision visiting Washington to meet with Trump to discuss trade negotiations. "If I go to the White House, I hope there is a package that we can discuss," von der Leyen said. "It has to be specific, and I hope there is a solution that we can both agree on. Thats what were working on now." Last month, von der Leyen met briefly with Trump at Pope Francis funeral, but a formal meeting has not yet taken place. On Thursday, the European Commission announced that if trade negotiations with the United States fail to produce satisfactory results, the EU will impose additional tariffs on 95 billion euros of US exports. Von der Leyen said on Friday that the EU prefers to resolve the issue through negotiations to avoid tariff escalation, but is developing countermeasures that can be implemented if a "satisfactory result" cannot be reached.On May 9, ECB board member Simkus said that since the eurozone economy has not yet felt the full impact of US tariffs, inflation is expected to continue to slow, but the ECB must further lower interest rates. He said that although economic activity performed well at the beginning, recent geopolitical trends, including US President Trumps trade threats, are bad news. At the same time, he saw "clear anti-inflationary forces" at work. He said, "For me, the June decision was very clear that another rate cut was needed." He said, "It is possible to cut interest rates again after June," although the timing is unclear. The ECB has cut interest rates seven times since June last year, and officials have said they are ready to take more measures as US tariffs threaten economic growth.Federal Reserve Board Governor Kugler: It is not appropriate to use a single indicator to guide the maximum employment target.Federal Reserve Board Governor Barr: Forward-looking measures are worrying.Federal Reserve Board Governor Barr: The first quarter GDP data was somewhat abnormal.
