The search for the next Federal Reserve chair is continuing, with Bessent taking point in meeting with several candidates.
Continue readingTreasury Secretary Bessent met this week with Warsh, Lindsey and Bullard as Fed chief search continues
Trump’s tariffs are slowly finding their way into consumer prices
A key Bureau of Labor Statistics inflation report showed price increases for a variety of tariff-sensitive items.
Continue readingConsumer prices rose at annual rate of 2.9% in August, as weekly jobless claims jump
The consumer price index was expected to increase 0.3% in August, according to the Dow Jones consensus estimate.
Continue readingEuropean Central Bank leaves rates unchanged as tariff fallout lingers
The ECB is grappling with global economic uncertainty, despite inflation in the euro zone hovering around the central bank’s 2% target in recent months.
Continue readingFrance’s economy faces a key risk beyond its political turmoil
The “Big Three” ratings agencies will update their verdicts on the country’s creditworthiness starting Friday, amid huge political and economic uncertainty.
Continue readingTrump’s pressure on Europe to slap 100% tariffs on India and China raises eyebrows
Europe is unlikely to acquiesce to the White House’s request to slap high tariffs on its Asian counterparts.
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