May 9, 2025
United States:
Kugler Says Fed Has Time to Be Patient Amid Healthy US Economy
Federal Reserve Governor Adriana Kugler said policymakers should hold interest rates steady for now, pointing to a stable US economy and uncertainty around President Donald Trump’s tariffs policy.
“Overall we see health still in the real economy, so that gives us time to make sure that we continue to make progress on inflation, and we keep our inflation expectations very well anchored,” Kugler said Friday during a Bloomberg Television interview with Francine Lacqua.
Europe:
ECB’s Simkus Says More Cuts Needed as US Tariffs Weigh on Growth
The European Central Bank must lower interest rates further as the euro-area economy is yet to feel the full force of US tariffs and inflation is expected to continue to slow, Governing Council member Gediminas Simkus said.
While economic activity held up well at the start, recent geopolitical trends including trade threats from US President Donald Trump have been bad news, Simkus said in an interview with Bloomberg Television on Friday. At the same, he sees “clear disinflationary forces” at play.
Asia:
Japan’s Slower Wage and Export Growth Backs Case for BOJ Caution
Gains in Japan’s wages cooled more than expected in March while early trade figures for April showed export growth slowing, adding to the case for the Bank of Japan to proceed cautiously with interest-rate hikes as economic risks at home and abroad continue to mount.
Nominal cash earnings rose 2.1% from a year earlier, decelerating from a revised 2.7% pace in February and below a median economist forecast of 2.5%, the Labor Ministry reported Friday.
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