Neel Kashkari foresees two rate cuts in 2025; inflation data and tariffs may influence timing.
U.S. personal income fell 0.4% in May, defying expectations and indicating an unexpected economic downturn.
Trade talks may conclude by Labor Day; further negotiations continue on 20 more significant pending deals.
PCE steady at 2.3%; EUR/USD stabilizes; GBP/USD rises; gold steady; Bitcoin Cash gains; Hormuz concerns.
US-China magnet supply agreement progresses; tariffs may stabilize, with fentanyl import duties still enforced at 20%.
Neel Kashkari expects possible rate cuts in 2025 if inflation eases, despite minimal tariff impacts.
Currencies steady; equities gain; gold dips; yields rise. Traders eye US PCE data, month-end flows.
Platinum prices surge 40% in six weeks, driven by Chinese demand and gold’s rising cost.
Core PCE expected to rise, but markets focus more on upcoming NFP and CPI for direction.
The Yen weakens slightly against the Dollar amid cautious Bank of Japan policy outlook and trade discussions.
Insights 
VT 
