Fed says that the economic slowdown in the United States is still on cards

In US Federal Reserve Chairman Jerome Powell A press conference after preparationThe subject of definitions – specifically, its effect on prices – was a frequent topic.

Powell said: “Whoever knows that he expects a meaningful increase in inflation in the coming months of customs tariffs because someone must pay the definition fees.” “Some of them will fall on the final consumer.”

It is recognized that the recent economic data was optimistic, indicating that the American economy was able to escape the customs tariff – often safely.

In May, better than expected 139,000 jobs have been added The unemployment rate was unchanged at 4.2 %. The consumer feeling in early June He was more optimistic than expected, according to the Michigan University survey. And most importantly, Inflation in May – Based on the consumer price index – only 0.1 % rose for this month, less than the ability.

But this series of positive data may be forced to thank the slow process in which definitions move through the economy.

“It takes some time until the customs tariff requires its way through the distribution chain on the final consumer. It is a good example that the goods that are sold to retailers today were imported several months ago before the definitions were imposed. So we started to see some effects, and we expect to see more of them in the coming months.”

Although Federal Reserve officials are, at the present time, “do not see signs” to weaken the American economy, Powell acknowledged that growth will slow down “in the end.” In other words, the recession – the poisonous mixture of high prices and slower growth – can be a possibility in the coming months.

The song “I got the summer in my mind“Virus went in 2022.” I got a recession in my mind, “The FBI’s ear worm can be – the market friendly this summer.

The US Central Bank holds prices, sees two reductions
The US Federal Reserve kept on Wednesday Infinite interest rates range between 4.25 % -4.5 %Where it has been since December. In addition to the average decision, the committee indicated, through the “DOT plot”, which was closely seen, that two pieces by the end of 2025 are still on the table. Earlier on Wednesday, President Donald Trump said that the FBI’s funds should be less than 2 percentage points, and again, President Jerome Powell criticized, He described “stupid”.

Long -distance feeding inflation and reduction expectations
Inflation in the United States, measured by the Personal Consumption Expenditure Index, will rise to more than 3 % in 2025, according to the updated Federal Reserve expectations. The central bank in March was expected to reach 2.8 %. PCE came in Only 2.1 % in April. The Federal Reserve also believes that economic growth slows down to 1.4 % this year, a decrease from a previous estimate of 1.7 %. Completely, both predictions indicate Early recession signs.

The markets are flat in us, but it is located in Asia
American stocks Hover around the flat line on Wednesday. the S & P 500 Slipping 0.03 %, and Dow Jon’s industrial average Close 0.1 % down, however Nasdak It increased by 0.13 %. Oil prices, likewise, did not change a little. Asia and Pacific markets fell on Thursday. Hong Kong Hang Singh Fahras It lost up to 2 %, leading to a decrease in the area. In Japan, shares Nippon steel More than 3 % emerged after the company completed its acquisition of American steel.

Changing the Iran regime “not an official goal”: Herzog
Israeli President Yitzhak Herzog told Dan Murphy of CNBC on Wednesday that the change of the regime in Iran was. “It is not our official goal,” The goal was to “remove the Iranian nuclear program”. Herzog, who accused Tehran of “rush to the bomb”, added that “the change in (the system) can bring peace in the region.” When asked if there was a diplomatic slope available to cancel the position, he said, “There is already a lot of the back channel.”

Trump says he did not decide Iran’s strikes
For the second time in two days, Trump on Wednesday The National Security Team met at the White House Amid the conflict of Israel, Iran. The closed doors gathering occurred as Trump insisted that he had not yet decided whether he would ask for an American strike on Iran. On the same day, the US ambassador to Israel told Mike Hakapi that evacuation trips and departures of the cruise ship had been resulted in American citizens who were seeking to leave Israel.

(Pro) Investor interest in emerging markets
Trump struck developing economies, such as Vietnam and India, especially it is difficult with “mutual” definitions. The watch depends on Trump’s stop for 90 days on this customs tariff-but institutional investors are actually It grows more enthusiastic for emerging markets, According to the survey of the newer fund manager at Bank of America.

Trump and Modi in India divide our role in Pakistan to a ceasefire

During a telephone call between Indian Prime Minister Narendra Modi and TrumpThe first expressed his frustration with the repeated US President’s allegations that he played an important role in mediation cease-fire Between the two countries nuclear armed.

Foreign Minister Vikram Missri said in a statement.

Missri said that Modi was “clearly transferred” to Trump that the United States did not play any mediation role between India and Pakistan and denied any discussion about a commercial deal.

He added that the 35 -minute invitation was started by Trump.