Real-time News

Iranian Foreign Ministry: The Iranian Foreign Minister spoke with the Venezuelan Foreign Minister.

On January 4th, Talas Kachka, Ukraine's Deputy Prime Minister in charge of EU integration, stated on January 3rd that Ukraine plans to join the EU in 2030, but this timeline may be brought forward. He indicated that Ukraine is currently cooperating with its European partners according to this timeline, which stipulates that the EU accession process should be completed by 2030, while accession negotiations should conclude by the end of 2027.

January 4 - The UN Security Council will hold an emergency meeting at 10:00 AM local time on January 5 (11:00 PM Beijing time) to discuss the US military action against Venezuela, its control of Venezuelan President Maduro, and his removal from the country.

According to the Associated Press, the UN Security Council will hold an "emergency" meeting next Monday to discuss US actions in Venezuela.

British Prime Minister Starmer: We seek a safe and peaceful transition to a legitimate government that reflects the will of the Venezuelan people.

On January 4th, Philadelphia Federal Reserve President Paulson stated that the Fed might cut interest rates further if inflation cools, but also hinted that any additional rate cuts might not be immediate. In a speech delivered in Philadelphia on Saturday, Paulson noted her cautious optimism that inflationary pressures might ease in the coming months. This is her first time serving as a voting member of the Fed's policy committee. She stated that the current target range of 3.5% to 3.75% is still "slightly tight," meaning that this level is sufficient to curb inflation, which could create conditions for further rate cuts in the future. According to the published transcript of her speech, Paulson said, "If inflation eases and the economy remains on track, a modest adjustment to the federal funds rate later this year may be appropriate." Paulson stated that the "signals" regarding the health of the labor market are "mixed," suggesting that the market is under pressure but has not collapsed, and she is awaiting more data to clarify the situation. These remarks suggest that she may want to see more evidence of how the economy will evolve in the coming months before supporting further policy adjustments.

Federal Reserve's Paulson expressed "cautious optimism" that inflationary pressures will ease.

Federal Reserve's Paulson: The Fed's policy is "slightly tightening" on economic activity.

Federal Reserve's Paulson: The potential applications of artificial intelligence could lead to strong growth and weak job creation.

Federal Reserve's Paulson believes that risks in the labor market are "at a high level."

Federal Reserve's Paulson: The job market is under "pressure" rather than collapsing.

Federal Reserve's Paulson: Tariff price adjustments are likely to be completed within the next six months.

Federal Reserve's Paulson: The Fed's policies are working to reduce inflation.

Federal Reserve's Paulson: Inflation is expected to moderate, the job market to stabilize, and GDP growth to be around 2%.

Federal Reserve's Paulson: The baseline economic outlook is "quite benign."

Federal Reserve's Paulson: The labor market often sends clearer signals than GDP data.

Federal Reserve's Paulson: Inflation is expected to return to normal next year.

Federal Reserve's Paulson: The state of the labor market supports the Fed's easing measures.

Federal Reserve's Paulson: If the economic situation is good, the Fed may cut interest rates again later this year.

Federal Reserve's Paulson: Tariffs are a key factor in inflation remaining above target.