In Fedspeak, late yesterday Federal Reserve Vice Chair Philip Jefferson stated that there is no urgency to implement further rate cuts, as the strength of the economy warrants a cautious approach. While interest rates are expected to decline over the medium term, Jefferson acknowledged that disinflation is likely to continue but at a potentially slow pace. He highlighted uncertainties surrounding government policy and expressed confidence that economic growth and labor market conditions will remain solid in the near term. This morning, Richmond Fed President Thomas Barkin spoke on Bloomberg TV and provided a cautiously optimistic outlook on the economy, emphasizing favorable baseline data and a bias toward observing economic developments before reacting. While he highlighted strong consumer spending, he noted weaker investment in 2025. Barkin expects inflation to decline steadily over the next 12 months and leans toward interest rate cuts this year, while keeping the possibility of hikes on the table if economic overheating were to occur—though he sees no signs of such overheating. He acknowledged uncertainties stemming from tariffs, immigration, regulation, and broader policy impacts but affirmed that the current policy rate remains modestly restrictive and appropriately calibrated for current economic conditions. #SeputarTrading #ForexTrick