Waller from the Fed indicates he might disagree if there is no rate cut in July and minimizes tariff concerns.
Federal Reserve Governor Discusses Potential Rate Cuts On Friday, Federal Reserve Governor Christopher Waller expressed hope for quarterly interest rate cuts, noting the “edge” of the labor market. This comes as policymakers consider keeping rates stable at the end of this month. “It’s crucial not to oppose it regularly,” Waller stated in a Bloomberg TV […]
India Unconcerned About Trump Tariff Threat Even While Relying on Russian Oil: ‘We’ll Handle It’
India’s Oil Minister on Securing Oil Amid Possible Sanctions India’s oil minister, Hardeep Singh Puri, expressed confidence on Thursday regarding the country’s ability to secure oil supplies even if President Donald Trump imposes unexpected secondary tariffs on nations engaged in trade with Russia. “I’m not worried at all. If something happens, we’ll deal with it,” […]
Companies are transferring tariff expenses, according to the Fed
According to a recent survey from the Federal Reserve, businesses throughout the economy are transferring the higher input costs resulting from tariffs onto consumers by raising prices. Every company across the Fed’s 12 regional districts has noted increased expenses due to tariffs, prompting many to implement price hikes. The Fed’s July Beige Book indicated, “Several […]
Producer Prices Defy Tariff Inflation Fears
Tariffs and Their Impact on Inflation The recent numbers from the June producer price index (PPI) have thrown a wrench in the arguments of those claiming that tariffs are driving up prices. The final demand price saw a tiny increase of 0.2% for the month. Meanwhile, core product prices rose by just 0.3%. This suggests […]
Moscow criticizes Trump’s backing of Ukraine and his tariff warning to Russia as a ‘dramatic ultimatum’
Kremlin Warns of Harsh Consequences Over Ceasefire Disagreement The Kremlin has expressed concern regarding a potential scenario in which Russia could face severe secondary tariffs if it rejects a ceasefire agreement with Ukraine. This warning comes amid accusations that any proposals for such a ceasefire might be merely performative. Dmitry Medvedev, who once served as […]
Trump’s new political tariff spectacle affects Brazil and American shoppers
Trump’s Tariffs: A Shift from Economics to Political Grievances President Trump once claimed that tariffs were meant to restore fairness in trade. However, now he leverages them in a manner that seems more theatrically political than economically driven. For instance, he recently pointed out Brazil’s 50% tariff collection, not as a response to trade discrepancies […]
Trump reduces tariff rate on Indonesia to 19 percent
Trump Announces Tariffs on Indonesia On Tuesday, President Trump announced that his administration would establish a 19% tariff on goods from Indonesia while reducing the import tax rate imposed just last week. “We’ve struck a deal with Indonesia. I’m well-regarded by their excellent president, who is both strong and smart, and we’ve made this agreement,” […]
Los Angeles port experiences unprecedented container traffic as tariff deadlines approach
Importers are hurrying to bring goods into the US as the deadline for new tariffs approaches. The Port of Los Angeles marked its busiest June ever, handling 892,340 twenty-foot equivalent units (TEUs), which is an 8% increase compared to the same month last year. Port authorities ramped up their orders ahead of the mid-August deadline […]
NATO leader cautions Russia’s trade partners following Trump’s full tariff warning
NATO Chief Urges Global Leaders to Push for Peace in Ukraine NATO Executive Director Mark Latte recently warned about the increasing tensions surrounding Russian President Vladimir Putin, particularly regarding President Trump’s impending tariffs. In a statement, he urged world leaders to encourage Putin to seek a resolution in Ukraine. “If you’re in places like Beijing, […]
The San Francisco Fed’s Tariff Model Backfires
San Francisco Fed economists misrepresent Trump’s escalating tariff policy It seems that if you want to frame tariffs as a total failure, you might be onto something. A group at the San Francisco Federal Reserve Bank has taken a rather simplistic approach: they assume every trading partner reacts aggressively while the U.S. just stands by […]