Fed officials weigh rate hikes as inflation runs hot at 4.1%

The Fed named a16z co-founder Marc Andreessen to co-lead an AI productivity and jobs task force under Chair Kevin Warsh’s policy review.

The post Canada Net Change in Employment came in at 18.2K, above forecasts (10K) in June appeared on BitcoinEthereumNews.com. EUR/USD struggles to gather bullish momentum on Friday and trades in a relatively tight range above 1.1400. In the absence of high-tier data releases, the uncertainty surrounding the US-Iran conflict causes investors to cling to a cautious stance and limits the pair’s upside. Later in the day, the Federal Reserve will publish its Semiannual Monetary Policy Report. Source: https://www.fxstreet.com/news/canada-net-change-in-employment-came-in-at-182k-above-forecasts-10k-in-june-202607101230

The post United States: New methodology trims Core PCE inflation – Wells Fargo appeared on BitcoinEthereumNews.com. Wells Fargo economists Tom Porcelli and Sarah House discuss upcoming BEA changes to the Personal Consumption Expenditures (PCE) Price Index that will affect data from 2021 onward. They estimate the new methodology will lower current core PCE by about 0.2 percentage points, bringing May’s rate near 3.2% versus 3.4% published, but still roughly 1 percentage point above the Federal Reserve’s (Fed) 2% target. Method tweaks modestly lower core PCE “We want to flag a few methodology changes that are being made to the Fed’s preferred measure of inflation, the PCE price index. The changes will be rolled out in the BEA’s annual update on September 30 and will impact data from 2021 onward.” “We expect the changes will shave only about 0.2 percentage points off the current y/y run-rate of core PCE. So the impact on actual inflation looks to be modest, but the changes are welcome jus

The post Silver Price Forecast: XAG/USD turns upside down amid renewed Middle East hostilities appeared on BitcoinEthereumNews.com. Silver price (XAG/USD) surrenders its early gains and slides 0.73% to near $59.50 during the European trading session on Friday. The white metal turns negative amid fears that the next monetary policy move by the Federal Reserve (Fed) will be on the upside. According to the CME FedWatch tool, the probability of the Fed delivering at least one interest rate hike this year is almost 80%. Higher interest rates by the Fed bode poorly for non-yielding assets, such as Silver. Hawkish Fed prospects remain firm amid fears of a prolonged United States (US)-Iran war, a scenario that will keep the energy supply disrupted. According to the Iranian state media, the US forces struck several more locations in coastal Iran. The longer the aggression between the US and Iran continues, the more likely it is that oil prices will remain higher. In the last few months, the Sil

Brazil's unexpected inflation slowdown may prompt further rate cuts, impacting fiscal policy and crypto investments amid economic uncertainty. The post Brazil’s annual inflation unexpectedly slows in June as central bank delivers third consecutive rate cut appeared first on Crypto Briefing.

The post What’s keeping Gold under pressure despite geopolitical risks? appeared on BitcoinEthereumNews.com. Gold (XAU/USD) trades on the back foot on Friday, struggling to build on the previous day’s gains and heading for a weekly loss as renewed hostilities in the Middle East have revived fears of energy-driven inflation and Federal Reserve (Fed) interest rate hikes. At the time of writing, XAU/USD is trading around $4,098, down 0.60% on the day. The metal, however, lacks follow-through selling as traders reassess US-Iran tensions following reports that technical talks are continuing despite the military clashes, prompting a pullback in crude Oil prices. Can Gold stage a sustained recovery? While Gold has staged a modest rebound from $3,941, its lowest level since November 2025, the metal is struggling to attract meaningful buying interest. Since the US-Iran war broke out in February, Gold has behaved less like a traditional safe-haven asset and more like a rate-sensitive instrument,

The post BoJ will likely revise 2026 GDP forecast higher in Q2 report appeared on BitcoinEthereumNews.com. According to sources, the Bank of Japan (BoJ) may revise up the fiscal 2026 economic growth forecast in the quarterly report due in July. The BoJ is expected to report that it will keep focus on the risk of inflation overshooting the central bank’s target, Reuters reports. The sources also stated that the BoJ will keep interest rates unchanged in July but maintain policy guidance pledging to continue raising rates. Market reaction The Japanese Yen (JPY) has not shown an immediate reaction to the headlines mentioned above. At press time, the USD/JPY is down 0.45% to near 169.70 even after recovering some of its early losses. Bank of Japan FAQs The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of aroun

The post Federal Reserve: No near-term hikes signalled – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Dr. Christoph Balz and Bernd Weidensteiner interpret recent data and Fed communications as pointing to stable policy rates in coming months. Softer US inflation, a balanced FOMC, and forecasts for Fed funds at 3.75% through early 2027 before cuts to 3.50% support the view that markets overprice further tightening and that the next major move will be downward. Policy on hold before eventual cuts “The minutes of the Fed’s latest meeting reflect the concerns of Fed officials regarding inflation trends. There was agreement that inflation risks remain tilted to the upside and that the labor market is likely to remain stable, at least in the short term. Some meeting participants therefore even saw grounds for an interest rate hike, but ultimately supported the decision to keep key rates unchanged.” “During the discussion on the monetary policy outlook, significant differenc