The Fed will likely keep interest rates higher for longer
1. Schmid of the Fed knows interest rates will likely stay high for a while.
2. Mester of Fed said it was too early to conclude that a re-detection was likely.
3. US data PPI is inconsistent.
4. Fed's Powell says the Fed will likely keep interest rates higher for longer.
5. ECB's Wunsch found no need to cut rates after the first cut in June.
The US April PPI published by the Bureau of Labor Statistics rose 2.2% from a year ago, a new high since April 2023, slightly higher than the previous 2.1%. It rose 0.5% from a month ago, beating expectations of 0.3% and the previous revised figure of -0.1%. Core PPI rose 2.4% year-on-year, slightly above expectations of 2.3%, and rose 0.5% month-over-month, exceeding 0.2% and expectations Previously it was 0.2%.
This data surpasses expectations, showing that the rate of hard emission appears to be getting stiffer. However, the actual performance of this report may not be as shocking as the downwardly revised March data.
2. Mester of Fed said it was too early to conclude that a re-detection was likely.
3. US data PPI is inconsistent.
4. Fed's Powell says the Fed will likely keep interest rates higher for longer.
5. ECB's Wunsch found no need to cut rates after the first cut in June.
The US April PPI published by the Bureau of Labor Statistics rose 2.2% from a year ago, a new high since April 2023, slightly higher than the previous 2.1%. It rose 0.5% from a month ago, beating expectations of 0.3% and the previous revised figure of -0.1%. Core PPI rose 2.4% year-on-year, slightly above expectations of 2.3%, and rose 0.5% month-over-month, exceeding 0.2% and expectations Previously it was 0.2%.
This data surpasses expectations, showing that the rate of hard emission appears to be getting stiffer. However, the actual performance of this report may not be as shocking as the downwardly revised March data.
💰 TP1 2355
💰TP2 2345
❌ SL 2368
🔥 XAUUSD BUY LIMIT 2347 - 2349 🔥
💰 TP1 : 2355
💰 TP2 : 2360
❌ SL 2340