Alvedo Musalem, President of the Federal Reserve Bank of St. Louis, said in an interview with the Financial Times of the United Kingdom that President Donald Trump's tariff policy may lead to sustained high inflation in the United States. He warned that until the end of this summer, U.S. policymakers will face economic uncertainty. The Financial Times published the interview on the 6th. Musalem said that Trump's tariff policy may push up U.S. inflation in "one to two quarters," and "it is also possible that the impact of tariffs on prices will last longer."
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Fed executives: Trump's tariff policy may lead to continued high inflation in the US
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BTC breaks $90,000
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The US spot Bitcoin ETF saw a net inflow of $54.8 million yesterday.
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Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.
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White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates
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The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.
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Social media platform "X" has been fined €120 million by the European Union for violating content regulations.
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