Greg Michalowski
Fed's Barkin: May well see pressure on inflation and unemployment
- Says that balance between inflation and unemployment is unclear
Fed nominee Miran on CNBC: Pleased the BLS CPI number is well behaved
- "No evidence of tariff inflation"
Trump is back on "Too Late" Powell's case
- Also brings up Steve Mnuchin
Pantheon Macroeconomic says CPI data is consistent with 0.23% increase in core PCE
- Still above 0.23 x 12 months is 2.76%. Above 2% but is it good enough for the Fed
The USD moved lower vs the major currencies after the CPI, but is rebounding. What next?
- A technical look at the EURUSD, USDJPY, GBPUSD, USDCHF, USDCAD and AUDUSD. What key levels are in play? What are the biases - bullish or bearish? What are the risks and targets?
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