Tariffs
Federal Reserve Vice Chair for Supervision Michelle Bowman expressed her growing concerns about labor market risks and decreased worries about inflation, saying the time to cut interest rates is imminent. At a gathering in Prague, Bowman stated that inflation appears to be on a sustained path back to 2%, and
Tariffs
US Federal Reserve Chair Jerome Powell has pushed back against pressure from President Donald Trump, stating that the central bank is well-positioned to wait and see how tariffs affect US prices before cutting interest rates. The Fed's decision to keep rates on hold at its latest policy meeting
Stock prices
European equities surged following the opening bell on Tuesday, after Israel confirmed it agreed to a ceasefire with Iran. The FTSE 100's advance was tempered by oil majors, precious metal miners, and defense firms struggling due to the decline in oil prices and the impact of the conflict.
Tariffs
The Federal Reserve's preferred inflation metric is expected to show a slight increase in price pressures in May, reflecting the effects of Donald Trump's tariffs on US prices. The personal consumption expenditures (PCE) index data for May will be released on Friday, with economists forecasting a
Tariffs
Fed officials, including governors Michelle Bowman and Christopher Waller, are taking opposing stances on interest rate cuts, sparking tension among the central bank's leadership. Bowman and Waller, both appointees of President Donald Trump, are advocating for a potential rate cut as soon as July, while Fed Chair Jerome
Stock prices
Oil prices surged 2% as investors waited anxiously to see if Iran would retaliate against US attacks on its nuclear sites, with resulting risks to global activity and inflation. Despite the early highs, markets remained cautious, with the dollar showing a minor safe-haven bid but no sign of panic selling
Tariffs
The US economy has been navigating a treacherous landscape, with President Trump's tariffs and the Federal Reserve's monetary policy becoming increasingly entangled. Despite the Fed's optimistic stance, led by Jerome Powell, the economy's prospects have taken a turn for the worse. Powell&
Tariffs
Fed policymakers, including top candidate Christopher Waller, are divided on whether to cut interest rates as soon as next month or hold them steady through 2025. The debate centers on whether to offset softer economic growth with rate cuts or keep borrowing costs higher due to expectations of inflation from
Tariffs
The Federal Reserve maintained its key interest rate at 4.25-4.5% on Wednesday, as policymakers weigh the potential impact of President Donald Trump's tariffs on the economy. Despite concerns that tariffs may drive up inflation, the Fed is taking a "wait-and-see" approach, refraining from decreasing
Economic growth
The US Federal Reserve, led by Chairman Jerome Powell, has maintained the benchmark interest rate within the range of 4.25-4.5% after a two-day policy meeting. Despite concerns over a weakened economic growth outlook and high inflation, the Fed has chosen to remain stable on interest rates, a decision
Tariffs
The U.S. economy is experiencing a rare period of stability, with inflation steadily declining and unemployment at a historically low 4.2%. However, the neutral tone of the economy belies growing concerns about the impact of President Trump's tariffs and the federal government's budget deficits.
Tariffs
Economists have long predicted a significant jump in consumer prices due to President Trump's tariffs, but data released this week suggests that inflationary pressures remain muted, at least for now. Despite the uncertainty surrounding the trade policy, a growing number of economists believe that tariffs will eventually lead
