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Fed’s Williams: Inflation expectations remain anchored

John Williams, President of the Federal Reserve Bank of New York, indicated on Friday that, so far, there was no evidence to suggest that inflation expectations were beginning to encounter any difficulties.

Key Quotes

No sign of inflation expectations becoming unmoored. 

Inflation expectations back to pre-pandemic levels. 

Data shows lag before inflation shock hits short-term expectations.

Recession risks rise for US, Canada and Mexico – Reuters

A Reuters poll showed that 70 of 74 economists surveyed suggest that risks for the Mexican, Canadian, and American economies are piling up amid US President Donald Trump's controversial trade policies.
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EUR/USD to target 1.12 on a 12-month view – Rabobank

The proposal from Germany’s expected coalition partners that they plan to relax the country’s debt rules to boost defence spending and support infrastructure has been billed by some commentators as Germany’s whatever it takes moment, Rabobank's FX analyst Jane Foley notes.
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