July 17, 2025
United States:
Waller Says Fed Should Cut Rates Now With Labor Market on Edge
Federal Reserve Governor Christopher Waller said policymakers should cut interest rates this month to support a labor market that is showing signs of weakness.
“With inflation near target and the upside risks to inflation limited, we should not wait until the labor market deteriorates before we cut the policy rate,” he said Thursday in the text of a speech prepared for an event hosted by the Money Marketeers in New York. “I believe it makes sense to cut the FOMC’s policy rate by 25 basis points two weeks from now.”
Europe:
ECB Can Afford to Wait Until December to Make Final Rate Cut, Survey Shows
The European Central Bank can delay its final interest-rate cut until December without investors concluding in the meantime that easing is over, a Bloomberg survey of economists showed.
A majority continues to expect the last quarter-point reduction in the deposit rate, to 1.75%, will come in September after a pause next week.
Asia:
Japan’s Inflation Stays Elevated After Easing From Two-Year High
Japan’s key price measure cooled a tad more than expected while remaining well above the Bank of Japan’s target, keeping pressure on Prime Minister Shigeru Ishiba to mollify voters as he heads into Sunday’s national election.
Consumer prices excluding fresh food rose 3.3% from a year earlier in June, slowing from a 3.7% gain — a two-year high — in the previous month, the Ministry of Internal Affairs and Communications reported Friday.
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