The chairman of the Federal Reserve Jerome Powell, in a wide speech at Harvard University, said on Monday that he sees inflation expectations established despite the rise in energy prices so the central bank does not need to respond with higher interest rates. As his term leading the central bank draws to a close, Powell … Read more
Shoppers walk past fruit and vegetable stalls at the Bauveau Market in Paris, France, on Wednesday, February 15, 2023. Bloomberg | Bloomberg | Getty Images Economic and consumer confidence fell in Europe in March, according to official data released on Monday, in the latest evidence that the war in Iran is weighing on growth and … Read more
Since President Donald Trump declared “Independence Day” last April, investors have been concerned about his tariff plans – they believe that higher tariffs will fuel inflation, disrupt supply chains, and lower corporate profits. These concerns are understandable. Tariffs raise the cost of importing raw materials, which invites retaliation from trading partners — a risk to … Read more
What a difference war makes. In January, President Donald Trump boasted to G7 leaders and others at the World Economic Forum in Davos that his team had “beat” inflation in the US (1) “Grocery prices, energy prices, transportation, mortgages, rents and cars are going down, and they’re going down fast,” he said. At that time, … Read more