Newly-confirmed Federal Reserve Governor Stephen Miran dissented from the central bank’s decision to lower the federal funds rate by a quarter percentage point on Wednesday, choosing instead to call for a half-point cut. Miran, who was confirmed by the Senate…
Wells Fargo CEO Charlie Scharf said he “absolutely” supports the Federal Reserve’s independence, but that President Donald Trump is free to express his beliefs on how the central bank should set monetary policy. The Fed has to be and currently…
The US will suspend duty-free treatment for imported parcels valued at $800 or less starting August 29th. Smaller parcels will then be subject to all applicable taxes and fees. According to the United Nations Universal Postal Union on the 26th,…
The Federal Reserve released the minutes of its July monetary policy meeting on the 20th. Fed members attending the meeting agreed that U.S. economic activity slowed in the first half of the year, while inflation remained elevated. The impact of…
The US Department of Labor released data this morning on the 14th showing a significant increase in the US Producer Price Index (PPI) in July, exceeding market expectations and signaling a renewed round of inflationary pressures in the upstream US…
On July 27th, local time, US President Trump announced that the US had reached a trade agreement with the EU, imposing a 15% tariff on EU goods imported into the US. It was reported that on the 27th, US President…
The report states that major U.S. companies and trading partners are struggling to adapt to the new global economy, and U.S. President Trump’s six-month “destructive trade policies” have unnerved business leaders and policymakers. U.S. allies, including Europe, are attempting to…
世界贸易组织15日发布的季度数据显示，由于对美国上调关税的预期，今年一季度全球货物贸易增长势头强劲，但随着更高的关税付诸实施，后续增速预计将放缓。 世贸组织说，今年一季度全球货物贸易较上一季度增长3.6%，较去年同期增长5.3%，高于世贸组织先前预期。主要原因是，对美国上调关税的预期导致北美地区进口大幅增长，环比增幅达13.4%，远高于其他地区。 具体类别而言，一季度，全球办公及电信设备贸易额同比增长16%，增速高于其他大类产品；其次是化工产品和服装，贸易额同比分别增长12%和7%；汽车产品、燃料和矿产品以及铁和钢贸易额出现下滑。 不过，世贸组织经济学家预期，随着库存水平基本饱和以及美国上调关税对进口需求构成压力，今年晚些时候，全球贸易增速将放缓。世贸组织说，一些主要经济体今年二季度的部分贸易数据表明，进口需求在一季度激增后开始放缓。例如，美国进口额在一季度同比增长25%，但二季度前两个月仅增长1%。 世贸组织4月16日曾预测今年全球货物贸易量将下降0.2%。世贸组织15日说，随后发生的贸易进展使预测略有波动，截至6月中旬，预测全年货物贸易增幅将平缓增长0.1%。
Despite continued pressure from the Trump administration to cut interest rates, the US Federal Reserve decided to maintain the federal funds rate unchanged at its monetary policy meeting, which concluded on the 18th, while also raising its inflation forecast for…
President Donald Trump and Vice President JD Vance are now double-teaming the Federal Reserve in an effort to get lower interest rates. In a social media post Wednesday morning on X, Vance echoed his boss’ urging that the central bank…
