New York Fed: Neutral interest rates stable at a low level in the first quarter.

Data released by the New York Fed on Friday showed that the neutral interest rate remained at a low level in the first quarter of this year.

Zhitong FinanceJun 14 22:49 ET

Fed's Mester: Despite the improvement in data, inflation risks still tend to rise.

Cleveland Fed President Mester said that despite the pleasing latest inflation data, she still believes that inflation risks are tilted to the upside.

Zhitong FinanceJun 14 19:55 ET

Chicago Fed President: May inflation data paves the way for interest rate cuts.

Zhifubao Finance learned that Chicago Fed Chairman Guo Ersi said on Friday that if future inflation data is as good as May's consumer price index, the Federal Reserve may consider lowering interest rates. He pointed out that a strong labor market means that the Fed can rely on inflation to drive interest rate cuts. Guo Ersi said in a fireside chat at the Iowa Farm Bureau Economic Summit, "This data is just for a month, but it's very good." According to data from the Bureau of Labor Statistics, the May consumer price index was almost flat, rising only 0.00575%, while the market expected a 0.1% increase.

Zhitong FinanceJun 14 19:00 ET

The high inflation in the USA flabbergasts the whistle-blower who strongly criticizes the fiscal revenue system proposed by Trump as the mother of stagflation!

Former US Treasury Secretary and whistle-blower for US high inflation, Summers harshly criticized the fiscal revenue system proposed by former President Trump, saying on Friday that this is the mother of stagflation and will also trigger a global economic war. He warned that this could easily lead to mortgage loan interest rates reaching 10%.

wallstreetcnJun 14 18:29 ET

Two Federal Reserve officials emphasized the hope to see several months of good inflation data before lowering interest rates.

Loretta Mester, president of the Cleveland Federal Reserve, said, "Recent data shows that inflation is softening, which is good news." She hopes to see several more months of good data before considering a rate cut. In an interview with CNBC on Friday, Mester said, "I would like to see several more months of relatively good inflation data, which means a decline in inflation rates and the beginning of a downward trend in short-term inflation expectations." Mester said, "I believe that inflation risks are on the rise, and the labor market is both upward and downward." She said, "We have made good progress in fighting inflation in the past two years, but inflation is still there."

環球市場播報Jun 14 17:53 ET

Consumer confidence in the USA unexpectedly fell to a seven-month low, with a slight rebound in long-term inflation expectations.

According to analysis, the decline in consumer sentiment in the USA coincides with signs of a weak labor market. Although low-income households have seen significant wage growth, their budgets remain tight even with the slowdown in inflation, due to the high cost of goods. The views of middle-income consumers are similar to those of low-income consumers, which is different from historical patterns.

wallstreetcnJun 14 10:01 ET