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12.02.2025: USD and Trump again ruling markets. Outlook for USD, EUR/USD, Brent, RUB
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"We are in a fairly good position with this economy," the Federal Reserve Chairman stated in his semi-annual testimony to Congress. At the same time, Jerome Powell noted that the Federal Reserve would not rush into further interest rate cuts. This is understandable—neither the scale of Trump's tariff sanctions nor their consequences can be predicted at this point. Interestingly, the cautious Powell carefully avoided the topic of tariffs altogether.
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