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Rejecting economic vibes was a mistake of the past administration, but now the White House is dismissing the vibes and the data.

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The Federal Reserve is expected to maintain interest rates at their current level.

Japanese automaker Mazda Motor said on Tuesday it will keep investments in its electrification efforts in check by making use of partnerships and its existing manufacturing plants after inflation threatened to push up costs. The automaker said it expects to keep its investment at around 1.5 trillion yen ($10.02 billion) for the period up to 2030 through its efforts, just as much as it had said in November 2022 it would be investing. Without its cost-savings efforts, spending on investment for the period was likely to surge by a third compared to what the company expected initially to around 2 trillion yen due to inflation, Mazda said.

The longtime central bank governor often served as a vocal counterpoint during Michael Barr's tenure, on issues such as stress tests, bank merger policy and CRA revisions.

SYDNEY (Reuters) -A trade war sparked by U.S. President Donald Trump's tariffs may drive up global inflation, stoke market volatility and slow economic growth, the CEOs of two top Australian banks said on Tuesday, but added Australia was insulated from the disruption. The heads of No. 1 retail lender Commonwealth Bank of Australia and No. 1 business lender National Australia Bank told a conference the new U.S. administration's protectionist policies would likely strain the global economy in the medium term with higher costs and lack of certainty. But Australia's roughly $15 billion a year in exports to the U.S. was small compared to its overall export trade, so the country was better placed than Canada, which sells 85% of its exports to the U.S., the financial leaders added.

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