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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: Trump issued a stern warning to Putin before the meeting, and Powell may personally "spray cold water" for the rate cut in September next week. Hope it will be helpful to you! The original content is as follows:
On August 14, during the Asian session on Thursday, spot gold trading around $3,360/ounce, and gold price gains were boosted by weakening the US dollar and falling US Treasury yields. Moderate U.S. inflation data consolidated expectations of the Fed's interest rate cut in September and pushed up bets on further easing later this year; U.S. crude oil trading around $62.78/barrel, oil prices fell to a new low on more than two months on Wednesday.
Data released on Tuesday showed that US consumer prices rose slightly in July, basically in line with expectations, and the transmission effect of Trump's large-scale tariffs on qxkkl.cnmodity prices has been limited so far.
Investors are almost certain that the Fed will lower interest rates next month, according to data from the London Stock Exchange Group (LSEG).
U.S. Treasury Secretary Becent called for a "sequential rate cut" on Wednesday and said the Fed could start a policy easing action with a 50 basis point cut. The day before, Trump, who repeatedly criticized Fed Chairman Powell for failing to cut interest rates as soon as possible, put further pressure on him.
White House spokesman Levitt said the president is considering a lawsuit against Powell for poor management of the renovation of the Federal Reserve's Washington headquarters. "I think Washington's political level has put considerable pressure on the Fed to adjust interest rates," said Shaun Osborne, chief currency strategist at Scotiabank. "Trump also criticized Goldman Sachs CEO Su Dewei, saying it was wrong for the bank to predict that U.S. tariffs would damage the economy. Trump questioned whether Su Dewei should continue to lead Goldman Sachs.
Bostic, Chairman of the Federal Reserve Bank of AtlantaThe U.S. is close to full employment, which provides the Federal Reserve with "luxury conditions" not to rush to make any policy adjustments, it said Wednesday.
Chicago Federal Reserve Bank Chairman Goulsby said Wednesday that the Fed is working to understand whether tariffs will temporarily push up inflation or have a more sustained impact.
The weak dollar supports the euro and pound. The euro rose 0.2% against the dollar to $1.1698, reaching its highest level since July 28. The pound rose 0.5% against the dollar to $1.3567, reaching its highest level since July 24.
The UK job market has weakened again, but wage growth remains strong, highlighting the reason why the Bank of England is so cautious about rate cuts, according to data on Tuesday.
Australian Bureau of Statistics (ABS) released official data on Thursday showed that Australia's unemployment rate fell to 4.2% in July from 4.3% in June. This figure is lower than the market's general expectations of 4.2%.
In addition, Australia's employment changes reached 24.5K in July from 1K in June (corrected from 2K), while the market generally forecast was 25K.
Australia's participation rate stabilized at 67.0% in July, qxkkl.cnpared with 67.0% in June (revised from 67.1%). Meanwhile, the number of full-time employment increased by 60.5K from the previous value of 37.6K (corrected from -38.2K). In July, part-time employment decreased by 35.9K, and the previous value increased by 40.2K.
European leaders urged Trump to put pressure on Putin to agree to a ceasefire and meet with Zelensky. According to sources, if a ceasefire agreement is reached, Ukraine's European allies "consider ease sanctions against Russia."
The Trump administration is reportedly considering 11 candidates for Fed chair, including three people who have never been publicly nominated before, including David Zervos, chief market strategist at Jefferies, former Fed director Larry Lindsey and Rick Rieder, chief investment officer of BlackRock Global Fixed Income. But Trump himself said he would appoint a new Fed chairman as soon as possible, with only three to four candidates left.
Chicago Fed Chairman Goulsby: More evidence of inflation improvement is needed, and there is a possibility of action at every meeting; Fed nominee Milan: There is no evidence that tariffs trigger inflation. Traders have now fully priced the Fed to cut interest rates by 25 basis points in September.
Trump: If Russia does not stop the conflict, it will face consequences. We hope to hold a second meeting with Putin as soon as possible. If the "Tep Conference" goes well, a trilateral meeting between the United States, Russia and Ukraine will be held.
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