Cryptocurrency
Fed Chairman Jerome Powell has given the message that the consequences of the tariffs on the economy will be finalized when the final tariffs are determined.
Powell also reiterated his messages that they will not rush to ease monetary policy. When asked about the criticisms of Trump and his administration, Powell said, “We are focused on one thing, and that is to provide a good economy to American constituents. Everything else is a distraction.”
US President Donald Trump said on his social media account, “China can now continue to buy oil from Iran.”
US President Donald Trump said that the ceasefire activities between Israel and Iran are being carried out.
Current account deficits in the US increased by 44.3 percent in the first quarter of the year, reaching $450.2 billion.
Kansas City Fed Chairman Jeff Schmid said that a wait-and-see approach is an appropriate stance for now.
Tesla’s new car sales in Europe fell by 27.9 percent in May compared to the previous year.
In Germany, the German cabinet aims to prepare a draft budget for 2025 and a framework for the 2026 budget, aiming to revive the country’s current economy and increase defense spending.
Oil rebounded slightly on Wednesday, rising slightly.
Chinese Premier Li Qiang said he was confident that the country could maintain “relatively rapid” growth as it shifted from a production-focused model to an activity-focused model.
Chinese Foreign Minister Wang Yi and Iranian Foreign Minister Abbas Erakçı called for a “real ceasefire” between Israel and Iran.
President Erdoğan and US President Trump met with their Dutch friends in The Hague for the “NATO Heads of State and Government Summit.”
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