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Fed Vice Chair Jefferson (voter) says has not prejudged outcome of June FOMC meeting and monetary policy is well postioned to respond to the economy

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[MARKET UPDATE] Asia-Pac stocks are pressured as markets pull back from recent record levels and with the US conducting another defensive operation against Iran

Japan's ruling party proposes allowing the government to issue bridging bonds to fund certain expenditures, which can be excluded from debt-to-GDP ratio and primary balance calculations

Fed Vice Chair Jefferson (voter) says has not prejudged outcome of June FOMC meeting and monetary policy is well postioned to respond to the economy

Axios reported that US military had shot down 4 Iranian drones targeting ships and an Iranian drone launcher on the ground

Japanese Stock Investment by Foreigners (May/23) 1080.4

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Says:

  • Is firmly committed to getting inflation back to 2%.
  • Risks around inflation outlook are tilted to upside.
  • Expects inflation to wane later this year on fading tariff, energy hits.
  • Energy shock downside risk to growth, upside risk to inflation.
  • Recent US economic activity has been solid.
  • Labour market stable with risks tilted toward downside.
  • US is not immune to oil-related energy shocks.

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