News

According to the Wall Street Journal: The Trump administration is in talks to provide funding for U.S. drone companies.

According to the Wall Street Journal: U.S. President Trump’s administration is negotiating financing with U.S. drone companies.

Fed Vice Chairman Thomas Jefferson: Given the resilience of the U.S. labor market, it seems appropriate to focus on restoring inflation to 2%.

Fed Vice Chairman Thomas Jefferson: The U.S. labor market has shown strong resilience to current shocks.

Bank of Japan Governor Kazuo Ueda: We have seen supply shocks in the food and energy sectors, and even if each is a price level shock, they may increase the average inflation rate because of their large number.

Fed Vice Chairman Jefferson: In monetary policy communications, it is important to emphasize monitoring the secondary effects associated with supply shocks and surges in investment demand.

Fed Vice Chairman Jefferson: The energy shock is a headwind to U.S. growth, but we are still growing, partly due to strong investment in artificial intelligence.

According to the Associated Press: U.S. President Trump’s administration has directed prosecutors to halt actions against Venezuela’s leader.

According to NewsNation White House reporter: U.S. Treasury Secretary Bessent will hold a press conference at the White House at 2 pm local time tomorrow.

Lane, chief economist of the European Central Bank: We must ensure that people and price-setters do not continue to believe that inflation will be too high for too long.

Fed Vice Chairman Jefferson: Monetary policy cannot deal with the first-round effects. What we can do is ensure that it does not translate into second-round effects, such as affecting inflation expectations.

Fed Vice Chairman Jefferson: It is very important not only to communicate but also to take action so that the public understands our intention and commitment to return inflation to the 2% target.

Futures on the three major U.S. stock indexes fell, with Nasdaq 100 futures down 0.13%, S&P 500 futures down 0.01%, and Dow futures up 0.04%.

Lane, Chief Economist of the European Central Bank: The ECB’s major lesson for the United States is that past energy shocks have shown nonlinear characteristics. For example, if inflation is very high, various nonlinear mechanisms will be triggered.

The U.S. military said it carried out a strike in the eastern Pacific that killed two people.

Fed Vice Chairman Jefferson: I want to emphasize that energy shock events are very harmful to people's daily lives.

ECB Chief Economist Lane: Even if the severe phase of the conflict in the Middle East ends, it may continue to affect the situation.

Lane, chief economist of the European Central Bank: Even if there is some kind of resolution to the Iran war, the conflict has lasted for so long that there may be a realignment in terms of optimal diversification strategies.

ECB Chief Economist Lane: Even if the initial energy shock begins to reverse, the second round of shocks will continue for some time.

Australia's S&P/ASX200 index opened down 76.10 points, or 0.87%, on Thursday, May 28, to 8641.60 points.