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. CFTC AUD speculative net positions. The value of the indicator has increased from 78.7K to 85K
Yesterday at 7:30 PM
Canada. CFTC CAD speculative net positions. The value of the indicator has decreased from -14.7K to -16.2K
Yesterday at 7:30 PM
United Kingdom. CFTC GBP speculative net positions. The value of the indicator has increased from -63.9K to -43.1K
Yesterday at 7:30 PM
Japan. CFTC JPY speculative net positions. The value of the indicator has decreased from -61.7K to -75.1K
Yesterday at 7:30 PM
European Union. CFTC EUR speculative positions. The value of the indicator has increased from 32.2K to 40.2K
Yesterday at 7:30 PM
Top news
United States. Retail Sales (MoM). The value of the indicator has decreased from 1.6% to 0.5%
14 May
European Union. GDP (QoQ). The value of the indicator remained at the same level of 0.1%
13 May
United States. CPI (YoY). The value of the indicator has increased from 3.3% to 3.8%
12 May
United States. Nonfarm Payrolls. The value of the indicator has decreased from 185K to 115K
8 May
United States. Unemployment Rate. The value of the indicator remained at the same level of 4.3%
8 May
All news

Forecasts

GBPUSD sell
Period: 15.07.2026 Expectation: 3500 pips
Sell GBPUSD with 1.30000 in view
Indicators and reports FA Other Hot news Indicators
Yesterday at 10:24 AM 27
Sinclair_John
Gold sell
Period: 31.05.2026 Expectation: 6000 pips
Gold sell-off targets $4,640
TA Other FA Other
Yesterday at 09:51 AM 24
Bruce_Powers
USDCAD sell
Period: 22.05.2026 Expectation: 620 pips
USDCAD challenges key resistance as bulls lose their grip
Technical analysis FA Other Chart analysis Indicators Fundamental analysis
Yesterday at 09:29 AM 15
Lyra_Moonwell1
Brent buy
Period: 29.05.2026 Expectation: 180 pips
Purchasing Brent crude amid global energy deficit
Indicators and reports FA Other Chart analysis Hot news
Yesterday at 08:40 AM 26
Reed_Marcus
AUDCAD sell
Period: 22.05.2026 Expectation: 600 pips
AUDCAD pulls back on profit-taking after reaching five-year high
Technical analysis Indicators and reports Hot news Indicators Fundamental analysis
Yesterday at 06:48 AM 18
Emily_Foster
ETHUSD buy
Period: 28.05.2026 Expectation: 155 pips
Investing in ETHUSD up to $2,425
Indicators and reports FA Other Chart analysis Hot news
14 May 2026 48
Reed_Marcus
Go to forecasts