23:50:57
Swiss National Bank member Maechler: Inflationary pressures are too high to build confidence in currency (policy).
23:49:41
ECB Governing Council Stunaras: Unsure if July will be the last rate hike.
23:49:08
SNB member Maechler: The underlying price dynamics are indeed persistent.
23:48:49
European Central Bank Governing Council Stunaras: The situation in the euro zone is far from a wage-price spiral.
23:44:33
European Central Bank Governing Council Stunaras: If the baseline scenario develops as we forecast, interest rates may be raised in July. But it is too early to predict what the ECB will do in September.
23:14:49
U.S. and Brent oil prices rose by US$0.8 in the short term, and are now at US$69.16/barrel and US$73.80/barrel respectively.
23:05:29
WTI crude oil rose more than 1.00% in the day and is now at $68.76 per barrel.
23:03:02
Federal Reserve Chairman Powell believes that by 2025, the core inflation rate in the United States will fall back to 2%.
23:02:07
Bank of England Governor Bailey: The Bank of England has a lot of work to do before inflation returns to target.
23:00:54
Fed Chairman Powell: The Fed is far from convinced that inflation will fall back to 2%.
23:00:16
Fed Chairman Powell: The Fed will remain tight as long as needed.
22:57:51
EUR/USD lost ground at 1.09, down 0.56% on the day.
22:57:40
Bailey, Governor of the Bank of England: The Bank of England is studying the application of artificial intelligence to (daily) operations.
22:57:08
Fed Chair Powell: The Fed is trying to get smarter about AI. The Federal Reserve has spent a lot of time on artificial intelligence, and it is too early to draw conclusions (on artificial intelligence).
22:56:53
Bank of England Governor Bailey: The Bank of England is studying the application of artificial intelligence to operational functions.
22:56:01
Fed Chairman Powell: Quantitative tightening is working as expected by the Fed.
22:52:22
Federal Reserve Chairman Powell: Reserves look ample, so quantitative tightening still has a long way to go.
22:46:22
Federal Reserve Chairman Powell: The infrastructure bill is not an important driver of higher US inflation.
22:45:39
Fed Chairman Powell: My job is to ensure price stability, regardless of fiscal policy.
22:44:43
The short-term gains of US and Brent oil have expanded to US$1, and are now at US$68.66/barrel and US$73.30/barrel respectively.