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Trump says inflation will be at 1.5% "pretty soon"

US President Donald Trump hit the newswires with his standard array of comments touching on multiple trade deals that remain unofficial and unfinalized, as well as broad claims about the US economy, and issuing a premonition that inflation will reach 1.5% "pretty soon", a level of inflation that has evaded the US economy for nearly four years after shooting above that level in February of 2021. 1.5% inflation is also well below the long-run average for US inflation over a ten-year period.

Key highlights

We're making a deal with India, different to one we had in the past. We are getting close.
(when asked if he supports the short-term funding bill working through the US government) I would say so.
We are going to be a country very quickly.
The (shutdown) deal is very good.
We will bring India tariffs down at some point.
We will issue a dividend to middle and lower-income people of $2000, thanks to tariffs.
We want healthcare where we pay money to people, not healthcare companies.
It would be an economic and national security disaster if the court ruled against tariffs.
We will hit 1.5% inflation pretty soon.
India tariffs are high because of Russian oil purchases. India is stopping Russian oil purchases.
We are working with Switzerland on a deal to lower tariffs.
We are working on a tariff a little bit lower for Switzerland.

EUR/USD steady amid US shutdown deal speculation and cautious ECB tone

EUR/USD holds firm at around 1.1550 on Monday, virtually unchanged as the Greenback trims some of its earlier losses amid news that the White House backs a deal to end the US shutdown in the coming days, as reported by Bloomberg. At the time of writing, the pair trades flat at 1.1560.
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GBP/JPY Price Forecast: Breaks above 203.00 as bulls eye 204.25

The Pound Sterling extended its gains versus the Japanese Yen on Monday, surpassing the 203.00 milestone as it gains over 0.54% clearing key previous resistance level turned support at the 20-day SMA at 202.37.
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