Fed's Williams: Interest rates to come down gradually as inflation eases

In an interview with Fox Business, New York Federal Reserve President John Williams noted that recent inflation data have been encouraging and added that he expects inflation to continue to come down, per Reuters.

Natural Gas sees gains halved on the back of weaker US Retail Sales

Natural Gas price (XNG/USD) is easing of its intraday high after softer US Retail Sales, while a hot headline by Reuters and Bloomberg is still trending on Norway. Norwegian gas regulator Gassco reported that the Nyhamna gas processing plat is down for

US Dollar flirts with potential break lower after ugly US Retail Sales

The US Dollar (USD) trades in the red after being positive for the most part of this Tuesday, that was until US Retail Sales turned into a disaster. Not only did every segment miss its estimation or consensus call, the revisions are painting an even more ugly

Mexican Peso recovers after strong domestic data

The Mexican Peso (MXN) trades higher on Tuesday as risk appetite dominates markets and the post-election sell-off, which saw the currency lose on average 10% against its key counterparts, runs out of steam.

EUR/USD extends recovery as weak US Retail Sales boost Fed rate-cut prospects

EUR/USD rebounds to near 1.0740 in Tuesday’s New York session.

Gold retreats despite survey showing healthy central bank demand

Gold (XAU/USD) price edges lower, exchanging hands in the $2,310s on Tuesday as an overall positive risk tone to markets weighs on the safe-haven precious metal.

Fed's Collins: Fed has made significant progress, but inflation remains stubborn

Federal Reserve (Fed) Bank of Boston President Susan Collins noted on Tuesday that despite significant progress made on inflation by the Fed and its policies, there's still plenty of work to be done.

Fed's Kugler: Inflation progress to remain gradual, watching for signs of labor deterioration

Federal Reserve (Fed) Board of Governors member Adriana Kugler delivered a speech at the Peterson Institute for International Economics on Tuesday, noting that while inflation remains too high, recent inflation data has been encouraging.

Fed's Musalem: I would support additional tightening if inflation becomes stuck above 2%

Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem noted on Tuesday that inflation progress may be a longer, slower process than many market participants currently hope.

Fed's Goolsbee: Recent inflation data was excellent, hopes to see more

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Tuesday that recent inflation figures have been very positive, and Fed officials hope to see further easing in the future.