June 25, 2025
United States:
Fed’s Schmid Supports Wait-and-See Approach, Watching Price Data
Federal Reserve Bank of Kansas City President Jeff Schmid said the US central bank should wait to see how tariffs and other policies impact the economy before adjusting interest rates.
Schmid’s comments suggest he’s in no rush to lower borrowing costs, echoing what Chair Jerome Powell told lawmakers earlier Tuesday.
Europe:
German Retail Losses Hit New High as Criminal Gangs Target Shops
Germany’s retailers are seeing more stock vanish from shelves as in-store theft, driven in part by organized crime, reaches new heights.
Retail inventory losses in Germany rose to €4.95 billion ($5.7 billion) in 2024, a 3% increase from the previous year and the highest number ever recorded in industry surveys by the Cologne-based EHI Retail Institute.
Asia:
BOJ Record Signals Shared View Inflation Faster Than Expected
Bank of Japan board members discussed inflation running at a faster pace than expected while they continued to see the need for vigilance over high uncertainties related to US tariffs, according to a summary of opinions from their policy meeting last week.
“Even though prices have been somewhat higher than expected, it is appropriate for the bank to maintain its current stance regarding the conduct of monetary policy, given the downside risks to economic activity stemming from US tariff policy and the situation in the Middle East,” one of nine board members said, according to a brief record of the June 16-17 meeting released Wednesday.
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