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Fed’s Logan: Plan to exercise caution in further reductions

Dallas Federal Reserve (Fed) President Lorie Logan said late Tuesday that he “plans to exercise caution in further reductions.”

Additional quotes

Anchored inflation expectations cannot be taken for granted.

Excluding tariff impacts inflation may rise to 2.4%, driven by non-housing services.

May require more labor market slack to hit 2% inflation target.

Financial conditions are a tailwind now, evidence policy is only modestly restrictive.

Resilient consumption and business investment, also signs policy only modestly restrictive.

Gold Price Forecast: XAU/USD stays close to fresh highs above $3,850

Gold price (XAU/USD) continues its winning streak for the fifth successive session, hovering, during the Asian hours on Wednesday, around its fresh all-time high of $3,871 per troy ounce, which was recorded on Tuesday.
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USD/JPY holds steady near 148.00 mark; upside potential seems limited

The USD/JPY pair attracts some buyers during the Asian session on Wednesday and for now, seems to have snapped a three-day losing streak to sub-148.00 levels.
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