Asian stocks declined due to Wall Street futures losses. U.S. tariff threats kept investors cautious. Trump considered tariffs on EU and Mexico. The EU planned to extend countermeasures. Investors seemed unfazed by Trump’s policies. Earnings season began with major banks reporting. Trump pressured Fed Chair Jerome Powell for stimulus. U.S. consumer price data is expected.
Fed rate hike ‘not urgent’, says John Williams; Austan Goolsbee warns against ‘playing with fire’
Federal Reserve Bank of New York President John Williams stated there could be one more interest rate increase before year-end. He emphasized that the central