Swiss National Bank leaves SNB policy rate unchanged at 0%

Fed's Miran: I See Shelter Inflation Coming Down In Next 6-12 Months The Long Term Response To The Recent Fed Rate Cut Was Muted, But Do Expense Them To Come Down I Think Policy Is 150-200 Bps Too Restrictive Fed's Miran: I’m Probably More Sanguine On Growth Than Many At Fed Decent Shot At 3% Growth For The Second Half Of 2025 And Into 2026 View Of Rate Cuts Based On Expectation That Neutral Is Being Pushed Lower By Tax Policy And Immigration Fed's Miran: In The Next 6 Months Would Like The Fed To Be A Lot Closer To Neutral; Can Get There In A Series Of Half Point Moves There Is No Material Evidence Of Tariff Driven Inflation, But That Seems To Be Holding Up Others On The Fed

Bank chiefs in London are calling for greater policy clarity and stability amid fears that looming tax hikes in the forthcoming U.K. budget could hit the financial services sector. Speaking with CNBC’s Steve Sedgwick and Ritika Gupta in London’s Canary Wharf district on Wednesday, CEOs from Barclays, Citi and J.P. Morgan said the U.K. had successfully ...

*FED'S BOWMAN SAYS LABOR MARKET MORE FRAGILE THAN EXPECTED *BOWMAN SAYS FED IS WITHIN RANGE OF FED 2% INFLATION TARGET *BOWMAN SAYS APPROPRIATE TO SHIFT TO JOBS INSTEAD OF INFLATION BOWMAN SAYS TARIFFS WILL HAVE ONE-TIME PRICE IMPACT - Fed's Bowman indicates foreign suppliers are absorbing some tariff costs - This could influence trade dynamics and pricing strategies - Market watchers should keep an eye on the implications for U.S. trade relations