ECBs Knot is saying:
- Medium-term impact of tariffs on inflation is unclear.
- Way too early to take a position if June occurred or a hold
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ECBs Knot: Medium term impact of tariffs on inflation unclear
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Japan exports beat but rising import costs squeeze trade surplus
- PBOC sets USD/ CNY mid-point today at 6.8635 (vs. estimate at 6.8233)
- Australia’s growth pulse cools, Leading Index dips below trend
- Trump weighs extending Jones Act waiver. Policy shift eases US fuel costs amid Iran war
- Trump rambling, wants a deal but also threatens to "blow up the rest of their Country"
- Maritime crackdown widens against Iran-linked shipping. Oil tanker seized in Indian Ocean
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