Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
2 April 2025 | Dollar

Richmond Fed warns Trump policies risk fueling inflation and reducing jobs

GBPUSD
AUDUSD
EURUSD
USDJPY
USDCAD
Richmond Fed warns Trump policies risk fueling inflation and reducing jobs

Federal Reserve Bank of Richmond President Tom Barkin believes that US President Donald Trump's tariffs risk fueling inflation and driving up unemployment.

He warned of potential price shocks that could spark tensions between frustrated consumers unwilling to pay more and suppliers insisting on necessary price hikes.

The official also highlighted the potential impact of Trump's trade policies on the US labor market. Barkin explained that higher prices could reduce demand and hurt sales, ultimately weighing on employment.

At its March meeting, the Federal Reserve kept interest rates steady in the 4.25% to 4.5% range. The US central bank also raised its unemployment forecast for this year while cutting its US GDP growth estimate to 1.7%.

Elena Berseneva MarketCheese

Recommended

Australia. Unemployment Rate. The value of the indicator remained at the same level of 4.3%
Today at 1:30 AM
Australia. Employment Change. The value of the indicator has decreased from 49.7K to 17.9K
Today at 1:30 AM
European Union. Reserve Assets Total. The value of the indicator has decreased from 2045.81B to 1908.13B
Yesterday at 12:30 PM
United States. PPI (MoM). The value of the indicator remained at the same level of 0.5%
14 April
Germany. German CPI (MoM). The value of the indicator remained at the same level of 1.1%
10 April
Top news
United States. PCE price index (YoY). The value of the indicator remained at the same level of 2.8%
9 April
United States. Core PCE Price Index (YoY). The value of the indicator has decreased from 3.1% to 3%
9 April
United States. GDP (QoQ). The value of the indicator has decreased from 0.7% to 0.5%
9 April
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0% to -0.2%
8 April
United States. Nonfarm Payrolls. The value of the indicator has increased from -133K to 178K
3 April
All news

Forecasts

Gold buy
Period: 30.04.2026 Expectation: 8000 pips
Buy gold when it pulls back to $4,800
Indicators and reports TA Other
Today at 03:52 AM 1
Bruce_Powers
Brent sell
Period: 30.04.2026 Expectation: 70 pips
Selling Brent down to $85.5
FA Other TA Other
Today at 03:52 AM 1
McCarthy_Raymond
USDCAD sell
Period: 15.06.2026 Expectation: 1150 pips
USDCAD sell-off targets 1.36500
FA Other Indicators and reports Chart analysis Hot news
Yesterday at 11:07 AM 20
Sinclair_John
NVIDIA Corporation buy
Period: 15.05.2026 Expectation: 1500 pips
Investing in NVIDIA stock with $211 target
FA Other Indicators and reports Indicators Hot news
Yesterday at 10:15 AM 28
Reed_Marcus
Natural gas buy
Period: 22.04.2026 Expectation: 240 pips
Natural gas hovers near critical levels as recovery looms
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Yesterday at 10:04 AM 30
Lyra_Moonwell1
EURUSD sell
Period: 22.04.2026 Expectation: 940 pips
Bullish momentum in EURUSD weakens near six-week high
Technical analysis Indicators and reports TA Other Hot news Fundamental analysis
Yesterday at 07:12 AM 22
Emily_Foster
Go to forecasts