News

US President Trump: (Regarding the Strait of Hormuz) Progress is going well.

Japan's total household spending fell 6.4% month-on-month in June, compared with a forecast of -3.1% and a previous reading of 3.7%.

Japan's total household spending in June fell 3.3% year-on-year, compared to a forecast of 1.00% and a previous reading of -0.40%.

Federal Reserve's Mussalim: Amidst energy market volatility, I am focused on core inflation.

Federal Reserve's Mussaleam: I see no conditions that could shake the dollar's status as the primary reserve currency.

Federal Reserve Chairman Mohamed Mussaleem: The United States remains the fastest growing and most innovative economy, with an effective rule of law.

Federal Reserve Chairman Mussaleam: We are closely monitoring the financial markets.

Federal Reserve Chairman Mussaleam: Central banks sometimes surprise the market.

Federal Reserve Chairman Mossallem: The Fed needs to make optimal decisions, but should not be swayed by the market.

Federal Reserve Chairman Mussalem: Ignore political noise and focus on the central bank's mission.

Federal Reserve's Mussaleam: The labor market appears to be performing strongly.

Federal Reserve's Mussaleam: The labor market is not a driver of inflation.

Federal Reserve's Mussalim: Core inflation is likely to be between 2.5% and 3%.

Federal Reserve's Mussalim: Gradual interest rate hikes are less costly than sudden changes.

Federal Reserve's Mossala: The likelihood of inflation persisting above target is increasing; a rate hike is favored at the recent FOMC meeting.

Federal Reserve Chairman Mussaleam: The current inflation rate is far above the Fed's 2% target. Monetary policy must effectively curb potential inflation, rather than tolerating the current high inflation in the hope of future productivity improvements.

Federal Reserve Chairman Mossallem: From now on, the cornerstone of policy should be credibility, not growth expectations.

Federal Reserve Chairman Mossallem: Future AI productivity growth is highly uncertain, and risks are tilted toward high inflation.

Federal Reserve Chairman Mossallem: The labor market has stabilized and the U.S. economy has shown resilience in recent months.

Federal Reserve Chairman Mossalim: It's a mistake to implement loose monetary policy in pursuit of higher GDP.