FxGlobalHub: Breaking news: BOJ member sees inflation accelerating to 2% steadily

BOJ Member Foresees Steady Inflation Acceleration

A Bank of Japan (BOJ) member anticipates inflation to steadily accelerate to 2%, driven by rising prices and wage negotiations. This suggests a potential shift in the BOJ's traditionally dovish monetary policy if these projections materialize.

Fed's Barkin on Inflation Expectations and Tariff Risks

Fed's Barkin notes that inflation expectations have eased but haven't stopped. He highlights the risk tariffs pose to inflation, potentially leading to price increases or reduced profit margins for companies. This creates a challenging scenario for businesses navigating between sales volume and profitability.

Putin on Ukraine Conflict

President Putin stated that former US President Trump wanted to end the conflict in Ukraine and that Russia is persistently working to achieve its goals in Ukraine. He also expressed Russia's willingness to cooperate with Europe on the Ukraine issue, although accusing Europe of attempting to manipulate Russia.

Tesla Fire Incident in Las Vegas

A man was arrested in Las Vegas for allegedly setting fire to multiple Tesla vehicles at a repair shop. He faces serious charges, including arson, possession of explosives, and property damage. This incident could affect Tesla's brand image and repair service capacity in the area.

US Airstrikes in Yemen

The Houthi armed forces reported four US airstrikes in the outskirts of Sanaa, Yemen. This adds to the ongoing geopolitical tensions in the region and could further destabilize the area.

King Charles' Health Update

Buckingham Palace announced that King Charles experienced temporary side effects and will remain hospitalized for monitoring. His schedule will be adjusted accordingly. This could raise concerns about the stability of the monarchy.

Fed's Collins on Monetary Policy

Fed's Collins emphasizes the need for the Fed's policy to remain "nimble, patient," and flexible. She notes that economic uncertainty is causing businesses to cut back on investments. Collins believes it is important to pay attention to inflation expectations and sees tariffs as a one-time shock to inflation. She suggests that holding interest rates steady for a longer period seems reasonable, citing that inflation has somewhat decreased but remains high. Collins anticipates the economy will have a good start in 2025.

Market News Roundup

Other news includes the Prime Minister of Australia's daily contact with the US on tariff issues, Russia claiming to have retaken 99% of Luhansk territory, a potential recession according to the CEO of the Royal Bank of Canada, the expected launch of Faraday Future's FX model in late 2025, and a crude oil spill on the St. Clair River.