Cointime

Download App
iOS & Android

Trump: We Don't Have Much of an Inflation Problem

On June 3, U.S. President Trump stated: We don't have much of an inflation problem. Gas prices will decrease in the near future. After the conflict with Iran ends, gas prices will also drop.

Comments

All Comments

Recommended for you

  • Doubao: Free Services for Core Features to Remain for Users

    On June 3, Doubao announced the upcoming launch of its professional version. For the core features used daily by a wide range of users, including search Q&A, writing with images, and voice and video conversations, we will maintain the current free services to ensure that user experience and habits are not affected. We will also continue to provide new models, capabilities, and improved experiences for free users. The professional version will also be available for free up to a certain limit.
  • JPMorgan: US Profit 'Supercycle' to Drive Stock Market to New Highs

    On June 3, JPMorgan's Head of Equity Strategy for Europe, the Middle East, and Africa, Natalia Lipichina, stated that the US profit 'supercycle' will drive the stock market to new highs, a trend fueled by substantial investments from large corporations and advancements in artificial intelligence technologies. Lipichina noted, 'We have actually just revised our expectations for the S&P 500 upward, and we believe that profit growth could reach 20% by 2026.' During the current earnings season, the S&P 500's profit growth has reached its highest level in five years, with most of the growth still coming from large tech companies. Lipichina described the recent profit growth performance as 'quite remarkable,' with the technology sector playing a significant role. The bank's revised profit expectations reflect its confidence that profit growth will be more sustainable than in typical economic cycles.
  • Trump Suggests Iran Maritime Blockade May Last Until September

    On June 3, U.S. President Donald Trump stated in an interview broadcast on the same day that the maritime blockade against Iran may last until Labor Day, which is September 7 this year. Trump said, "I don’t know. I mean, I think it might (last until Labor Day), but I don’t think that’s very likely. I think we will reach an agreement. I believe this issue will be resolved soon." Trump indicated that negotiations between the U.S. and Iran are "progressing rapidly," adding, "We will not allow them to have nuclear weapons, and many other good things will happen." (Xinhua News Agency)
  • Analyst: Trump's Latest Remarks Indicate No U.S. Concessions

    On June 3, following Trump's latest comments on Iran, an analyst from Investinglive stated that it seems he is trying to maintain the position that Iran must make some fundamental commitments regarding its nuclear arrangements before any agreement is signed. I am not sure if Iran will agree to this. Even if they ultimately accept this condition, I do not believe Iran will consistently adhere to this commitment. Additionally, Trump's remarks regarding U.S. naval blockade measures are also interesting. This further indicates that they will not make concessions. It should be noted that this was supposed to be one of Iran's baseline conditions for reaching an agreement. Trump's full statement was: 'I don't know. I mean, I think it might end before Labor Day, but I don't think that's very likely. I think we will end it. I think this will be resolved soon.' Just a reminder, Labor Day in the U.S. is on September 7. This means there are still three months ahead where this situation may continue.
  • Trump Expresses Willingness to Meet Iranian Supreme Leader

    On June 3, U.S. President Trump stated in an interview aired on the same day that he looks forward to meeting Iranian Supreme Leader Mojtaba Khamenei. Trump said, "He (Mojtaba) is deeply involved (in the negotiations), that's for sure. I think people have a lot of respect for him." When asked if he would be willing to meet Mojtaba, Trump replied, "Yes, I would love to meet him. I am willing to meet with everyone. I hope to see him, and when the time is right, we may meet, depending on how things develop."
  • Trump: Iran's Supreme Leader Negotiating with the U.S., Iran Agrees Not to Pursue Nuclear Weapons

    U.S. President Trump stated that Iran's Supreme Leader is negotiating with the United States. An agreement is being reached with Iran, which has agreed not to pursue nuclear weapons. The Supreme Leader of Iran is granting approval for the negotiations. A meeting with the Supreme Leader of Iran may occur at some point. Sanctions on Iran could be lifted by Labor Day in the United States.
  • Zcash Network Down for 4 Hours, No New Blocks Produced

    The Zcash network has been down for the past 4 hours, with no new blocks produced. Analysts suggest that this network outage may be related to the emergency patch upgrade for the Orchard shielded pool vulnerability on June 2. (Solid Intel)
  • Bank of Japan Governor Kazuo Ueda: Continued Rate Hikes Needed to Curb Inflation

    On June 3, Bank of Japan Governor Kazuo Ueda stated in his final routine speech before an upcoming highly anticipated policy meeting that the central bank needs to continuously raise interest rates based on economic conditions and inflation. Ueda mentioned, 'For example, if the central bank judges that the likelihood of achieving the baseline scenario increases, meaning that tensions in the Middle East gradually ease and that the underlying inflation rate rises to around 2% against a backdrop of moderate economic growth, then I believe the central bank will continue to raise policy rates at an appropriate pace.' His remarks indicate a significant likelihood of a rate hike this month, although his statements are not as explicit as during the previous two rate increases. This suggests that Ueda aims to maintain a degree of flexibility amid the increasingly complex and uncertain situation in the Middle East, as well as the stance on monetary policy expressed by Japanese Prime Minister Fumio Kishida.
  • Iran's Foreign Ministry: Kuwait and Bahrain Bear Direct Responsibility for Attacks, Considered Aggression Against Iran

    On June 3, Iran's Foreign Ministry stated: We strongly condemn the aggressive attacks by the United States on an Iranian oil tanker and a telecommunications tower on Qeshm Island. These aggressive actions not only violate the ceasefire agreement of April 8 but also blatantly contravene the fundamental principles of the United Nations Charter that prohibit the use of force, as well as international law. We also condemn the U.S. for colonial-style exploitation of the territories and facilities of regional countries to advance its aggressive plans against Iran. We clearly point out that Kuwait and Bahrain bear direct and explicit responsibility for the latest acts of aggression. Any country that allows aggressors to use its land, seas, and airspace or facilities and bases on its territory to execute or support military aggression against Iran is in clear violation of fundamental international law rules and the principle of good neighborliness. According to UN General Assembly Resolution 3314, this will be considered an act of aggression against Iran, and we will utilize all capabilities to counter such aggression, including targeting the sources of aggressive attacks.