Fed Governor Waller sees tariff inflation as ‘transitory’ in ‘Tush Push’ comparison
The central banker embraced. a term that got the central bank in trouble during the last bout of inflation.
Financial News
China urges Trump to correct mistakes and heed ‘rational voices’ on reciprocal tariffs
China’s Commerce Ministry called tariff exemptions a “small step” but urged the U.S. to “completely abolish” reciprocal tariffs.
Trump exempts phones, computers, chips from new tariffs
Financial markets have been roiled since President Trump imposed stiff tariffs on China, where Apple and other tech companies make many of their products.
U.S. energy secretary says shale industry will ‘survive and thrive’ despite plunging crude prices
Commodities analysts estimate that U.S. crude needs to stay above $65 per barrel to keep shale producers in business.
Inflation rate eases to 2.4% in March, lower than expected; core at 4-year low
The consumer price index fell a seasonally adjusted 0.1% in March, putting the 12-month inflation rate at 2.4%, down from 2.8% in February.
European Union approves first set of retaliatory tariffs on U.S. imports
The European Union on Wednesday voted to approve its first set of retaliatory measures to counter tariffs imposed by the U.S. on steel and aluminum.
Treasury Secretary Bessent says China’s escalation was ‘big mistake,’ country playing with ‘losing hand’
Japan has been at the forefront of countries eager to negotiate, and the White House expects a multitude of others.
CEOs think the U.S. is ‘probably in a recession right now,’ says BlackRock’s Larry Fink
The asset management executive also said that the he thinks the tariffs of President Donald Trump could put upward pressure on inflation.
British carmaker Jaguar Land Rover pauses U.S. shipments over Trump tariffs
Jaguar Land Rover, which is one of Britain’s biggest carmakers, described the U.S. as “an important market” for the firm’s luxury brands.
China says ‘market has spoken’ after Trump tariffs spark global stocks rout
China’s Foreign Ministry on Saturday said “the market has spoken” following the U.S. imposition of sweeping new tariffs.