The chairman of the Federal Reserve, Jerome Powell, said on Monday that he sees no risk of contagion in the private credit markets at this time that could spread to the broader financial system, although the central bank is watching the situation carefully. “We’re looking for connections to the banking system, and things that might … 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
Australian business groups have warned governments to consider ways to reduce fuel demand and boost support for struggling businesses as the fuel crisis continues. Also on Sunday, the federal government urged Australians to stick to their Easter travel plans – if they can – but the environment minister, Murray Watt, warned the fuel scare was … Read more