Colombia Retail Sales (YoY) below expectations (11.7%) in June: Actual (10.1%)

Aug 14, 2025

Fed's Musalem: Tariffs are feeding through to inflation

St. Louis Federal Reserve President Alberto Musalem told CNBC on Monday that tariffs are feeding through to inflation, which is running close to 3%.

GBP/USD slips as hot US PPI data erodes aggressive Fed cut bets

The GBP/USD retreats during the North American session, down 0.21% after a hot inflation report in the United States (US) prompted traders to pare rate cut bets by the Federal Reserve at the September meeting. At the time of writing, the pair trades at 1.3545 after hitting a daily peak of 1.3594.