Fed’s Jefferson: Upside risks to inflation have likely declined
Federal Reserve (Fed) Governor Philip Jefferson spoke on Monday about the economic outlook and monetary policy at an event hosted by the Federal Reserve Bank of Kansas City. He said that they need to proceed slowly as monetary policy approaches the neutral rate.

Federal Reserve (Fed) Governor Philip Jefferson spoke on Monday about the economic outlook and monetary policy at an event hosted by the Federal Reserve Bank of Kansas City. He said that they need to proceed slowly as monetary policy approaches the neutral rate.

Key takeaways

Need to proceed slowly as monetary policy approaches the neutral rate.

Still not clear how much government data will be available for the next US central bank meeting.

Current fed policy rate still somewhat restrictive.

Balance of risks has shifted in recent months, with increased potential downside to employment.

Upside risks to inflation have likely declined somewhat, with tariff effects likely temporary.

Available information seems consistent with gradual cooling to both labor supply and demand.

Anecdotal reports about the job market have been mixed; some firms have slowed hiring or cut back, others are adding employees and investing.”

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.30% -0.00% 0.36% 0.03% 0.40% 0.24% 0.19%
EUR -0.30% -0.31% 0.07% -0.27% 0.10% -0.07% -0.11%
GBP 0.00% 0.31% 0.37% 0.03% 0.39% 0.23% 0.19%
JPY -0.36% -0.07% -0.37% -0.34% 0.03% -0.13% -0.17%
CAD -0.03% 0.27% -0.03% 0.34% 0.37% 0.21% 0.17%
AUD -0.40% -0.10% -0.39% -0.03% -0.37% -0.16% -0.18%
NZD -0.24% 0.07% -0.23% 0.13% -0.21% 0.16% -0.04%
CHF -0.19% 0.11% -0.19% 0.17% -0.17% 0.18% 0.04%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

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