Fed's Williams: Oil prices do influence inflation, and that impact would change near-term inflation outlook, will have to assess persistence

UK FINANCE MINISTER REEVES: OBR EXPECT INFLATION TO FALL FASTER THAN IT DID IN AUTUMN UK'S REEVES: OBR FORECASTS SHOW 2026 GDP GROWTH OF 1.1% (NOV FORECAST 1.4%) - OBR FORECASTS SHOW 2027 GDP GROWTH OF 1.6% (NOV FORECAST 1.5%) - OBR FORECASTS SHOW 2028 GDP GROWTH OF 1.6% (NOV FORECAST 1.5%) UK Chancellor Reeves: OBR Expects Unemployment To Peak Later This Year Then Fall UK Chancellor Reeves: We Expect GDP Per Capita To Grow By 5.6% Over Course Of Parliament UK'S REEVES: OBR FORECASTS SHOW 23.6 BLN STG OF HEADROOM VS CURRENT BUDGET FISCAL RULE (NOV FORECAST: 21.7 BLN STG, REUTERS POLL 24 BLN STG)

KASHKARI: FED CAN SIT TIGHT AS WAR CLOUDS ECONOMIC OUTLOOK — WSJ ... Fed's Kashkari: I don't see evidence that the labor market is tightening - WSJ. FED'S KASHKARI: I DON'T WANT A REPEAT OF ‘TRANSITORY’ MISJUDGMENT - WSJ. ... Fed's Kashkari: Before Iran, inflation was gently heading in the right direction - WSJ. FED'S KASHKARI: ONE OR TWO INTEREST-RATE CUTS LATER THIS YEAR COULD BE APPROPRIATE IF INFLATION COOLS - WSJ. ...

*TRUMP: GOING TO CUT OFF ALL TRADE WITH SPAIN TRUMP: NOT HAPPY WITH UK EITHER TRUMP: I HAVE THE RIGHT TO STOP EVERYTHING THAT HAS TO DO WITH SPAIN