EUR/USD
1.15978
-0.085%
Gold
4328.40
-0.063%
Oil
75.446
-0.475%
USD/JPY
160.185
-0.163%
GBP/USD
1.34117
-0.107%
GBP/JPY
214.840
-0.267%
Real-time News
German Foreign Minister Waldfol: We need a majority vote system in foreign policy; when the EU27 as a whole is unwilling or unable to take action, we must also push for smaller groups of EU member states to take the lead.On June 17th, Jessica Hinds of Fitch Ratings economics department stated that with overall inflation remaining at 2.8% in May and oil prices falling this week, Bank of England policymakers will be reassured that they can keep interest rates unchanged. In her report, she stated that there is little indication that rising energy prices have pushed up the cost of other goods. While the 13% increase in the Ofgem price cap next month will still push up overall inflation in the second half of the year, "the sharp drop in oil prices this week, if this decline continues, will prevent inflation expectations from rising further." Hinds added that, coupled with a weak labor market, the Bank of England is likely to keep interest rates unchanged throughout 2026 and resume rate cuts in 2027.According to RIA Novosti, Ukrainian armed forces attacked a bus carrying children from Belarus in the Bryansk region.According to Hong Kong Stock Exchange documents, Beijing Rongxin Digital Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.June 17th - The market generally believes that the Federal Reserve will maintain interest rates unchanged. However, uncertainty lies in the economic outlook and how new Chairman Warsh will lead the Fed. The Fed currently faces a resilient job market, strong consumer spending, and inflation still above target. However, the high price readings may decline later this year. Furthermore, Fed watchers expect Warsh to attempt to reshape some of the Feds communication and policy decision-making practices. While its unclear how much will change at the first meeting, its widely expected that he will move in the following directions: reduce the Feds forward guidance on interest rate expectations; possibly abolish the so-called "dot plot," with some suggesting Warsh might not even submit his own forecasts at this meeting; and reduce the frequency of press conferences. Nancy Houten, chief US economist at Oxford Economics, expects the Fed not to raise rates in June, but will adjust its wording, removing any dovish signals. At the last meeting, some members wanted a more open-ended approach, rather than implying that the next step would definitely be a rate cut. While the market has already priced in the possibility of a rate hike later this year, the baseline forecast is a rate cut in December. However, the economist acknowledges the risk that a rate cut may occur later than December.
