Atlanta Fed President Raphael Bostic acknowledged the persistent uncertainty around tariffs and their inflationary impact, highlighting at the same time the Federal Reserve’s ability to remain patient given the strength of the labour market.
The US Treasury Secretary Scott Bessent said in a Bloomberg TV interview that the economy could see lower rates in the current context of tame inflation.
Gold (XAU/USD) is entering the week below $3,300 at the time of writing on Monday as markets brace for heightened volatility ahead of Friday’s US Independence Day holiday.
The British Pound (GBP) weakens against the US Dollar (USD) on Monday as mixed UK economic data weighs on the Sterling despite a generally subdued Greenback.
The US Dollar (USD) continues to slide, posting its worst first-semester performance in nearly forty years, according to Bloomberg data.