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 -39.4K to -34.9K
11 September
United Kingdom. CFTC GBP speculative net positions. The value of the indicator has decreased from -49.6K to -58.8K
11 September
Canada. CFTC CAD speculative net positions. The value of the indicator has increased from -108.1K to -70.5K
11 September
Japan. CFTC JPY speculative net positions. The value of the indicator has increased from -92.2K to 10.8K
11 September
European Union. CFTC EUR speculative positions. The value of the indicator has decreased from -24.9K to -42.6K
11 September
Top news
United States. CPI (YoY). The value of the indicator remained at the same level of 3.4%
11 September
European Union. Deposit Facility Rate. The value of the indicator has increased from 2.25% to 2.5%
10 September
European Union. ECB Interest Rate Decision. The value of the indicator has increased from 2.4% to 2.65%
10 September
European Union. GDP (QoQ). The value of the indicator has increased from 0.4% to 0.6%
7 September
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0.2% to -0.3%
6 August
All news

Forecasts

AUDUSD sell
Period: 11.10.2026 Expectation: 3200 pips
Going short on AUDUSD ahead of US Fed meeting
Indicators and reports FA Other Hot news Chart analysis
11 September 2026 30
Reed_Marcus
S&P 500 sell
Period: 30.09.2026 Expectation: 2000 pips
SPX sell-off targets $7,400
FA Other TA Other
11 September 2026 24
Bruce_Powers
Tesla Inc buy
Period: 25.09.2026 Expectation: 2800 pips
Buying Tesla stock with $390 in view
Indicators and reports FA Other Indicators Hot news
11 September 2026 46
Sinclair_John
AUDCAD buy
Period: 10.10.2026 Expectation: 2500 pips
Buy AUDCAD upon breaking 1.00000
Indicators and reports FA Other Indicators Hot news
10 September 2026 32
Sinclair_John
ETHUSD buy
Period: 24.10.2026 Expectation: 8500 pips
Invest in ETHUSD with $2,565 target
Indicators and reports FA Other Indicators Hot news
10 September 2026 34
Reed_Marcus
NVIDIA Corporation sell
Period: 23.09.2026 Expectation: 2500 pips
NVIDIA sell-off targets $200
Indicators and reports FA Other Indicators Hot news
09 September 2026 67
Reed_Marcus
Go to forecasts