News

Fed Schmid: The Fed is well positioned and the economy is performing well.

Fed's Schmid: I'm going to miss Fed Chairman Powell. He is a great American.

According to Politico: U.S. President Trump said Iran's "launchers are running out."

The foreign ministers of Russia and Oman had a phone call. The two sides discussed the situation in Iran and called for an end to military operations as soon as possible.

French Presidential Palace: French President Macron met with the leaders of Cyprus, Lebanon, Qatar, the United Arab Emirates, and the Iraqi Kurdish Autonomous Region to discuss the situation in the Middle East.

Mexico's main stock index fell 5%.

The European Stoxx Volatility Index rose above the 30 mark for the first time since the tariff crisis in April 2025.

New Zealand's global dairy trade price index as of March 3 was 5.7%, the previous value was 3.6%.

Fed's Schmid: Losing credibility in inflation is costly.

U.S. Department of Homeland Security Secretary Noem: The investigation into the Minnesota shooting has not been suspended.

Mexican President Sheinbaum: Mexico's tax plan can prevent gasoline prices from rising.

According to TASS: Russian oil is highly favored in India.

Fed's Williams: The current economy feels safe for wealthy households; but challenging for other households.

EU official: EU foreign ministers will hold a video conference with their Gulf Cooperation Council counterparts on Thursday morning.

Fed's Williams: I don't think AI will cause structural unemployment; new technologies will create more jobs than they destroy.

Fed's Williams: The extent of artificial intelligence's impact remains to be determined.

Fed's Williams: Higher productivity means higher real income in the long run.

Fed's Williams: Artificial intelligence will change productivity growth and labor demand.

Fed's Schmid: Service inflation is strong and growing faster than is consistent with a return to 2%.

Fed Schmid: Thanks to fiscal policy, the growth trajectory remains strong.