Fed’s Cook Says Inflation Risks Rising, Prepared to Hike if Needed

Asian stocks retreated following fresh US strikes on Iran, with markets also anticipating the upcoming PCE inflation data.

Fed's Goolsbee warned that an oil shock could exacerbate the inflationary impulse from AI hype.

Fed's Jefferson stated that policy is well positioned despite rising inflation risks.

Fed's Goolsbee highlighted persistent energy inflation, linking it to the impact of the Iran war.

Fed's Kashkari stated that inflation is still "much too high" as the energy shock spreads.