The U.S. government has delayed its deadline to set tariffs to August 1, while Donald Trump threatened countries aligning with BRICS with extra levies.
Odaily Planet Daily News: The latest research report jointly released by the New York Federal Reserve and the San Francisco Federal Reserve points out that although short-term borrowing costs are currently relatively high, the possibility of the Federal Reserve's short-term interest rate target approaching zero again in the coming years still exists. This report, co authored by New York Fed President Williams, shows that the medium to long-term risk of the Fed's interest rate target returning to ultra-low levels is currently at the low end of the observation range of the past fifteen years. But researchers added that due to the recent increase in uncertainty, the possibility of returning to near zero interest rates in the medium to long term is still significant. (Golden Ten)
