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President Thomas Barkin of the Richmond Fed anticipates a further decrease in PCE inflation soon.

Thomas Barkin expects lower PCE inflation, supports a cautious approach, and stresses maintaining modestly restrictive policy amid uncertainty.

Peter Navarro, Trump’s Trade Advisor, suggested potential reciprocal tariffs for digital services taxes during an interview.

Navarro suggested possible tariff exemptions, contrasting administration views. Markets reacted, with gold recovering and USD/JPY rallying.

Lutnick emphasises the urgency of reviving the US copper industry without exceptions or exemptions.

Trump orders Commerce to investigate copper tariffs, citing national security and China’s market control, with no exemptions.

During an event in Australia, US Treasury Secretary Bessent emphasised goals aligned with Trump’s policies.

US Treasury Secretary Scott Bessent emphasized tariffs, industrial capacity, Treasury yields, secure supply chains, and fiscal deficit goals.

US stocks experienced a decline, with major indices fluctuating around their key moving averages.

Major US stock indices fluctuated around their 100-day moving averages, with NASDAQ closing below this level.

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