Germany’s economy expected to stagnate as Trump's tariffs hit
US tariffs, especially on metals such as steel and aluminium, could particularly impact Germany's economic growth this year.View on euronews
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Kansas City Fed's Schmid to stay focused on inflation in light of tariff risks
Kansas City Federal Reserve President Jeff Schmid said on Thursday he will remain "squarely focused" on inflation and the risk new U.S. import taxes could shift prices higher and feed into rising public inflation expectations. "I intend to keep my eye squarely focused on the outlook for inflation," Schmid said in remarks to a finance group in Kansas City that acknowledged what he sees as a growing chance the U.S. central bank will have to weigh inflation concerns against risks to the job market and economic growth. "It appears as though we have seen a marked increase in the upside risks around inflation along with elevated downside risks to the outlook for employment and growth," he said.
Fed likely to stay cautious on rate cuts despite cooler inflation reading
Fed policymakers are likely to continue holding rates steady despite a cooler reading on inflation for March, with the risk that prices could pick back up in the coming months as more tariffs are absorbed.
AOC and Elizabeth Warren demand answers on ‘insider trading’ and ‘market manipulation’ allegations after Trump’s tariff U-turn sparks stock surge
“Americans need to know whether President Trump or anyone in his administration manipulated the market to benefit their donors,” said Sen. Elizabeth Warren.
Inflation Unexpectedly Fell In March Before Tariffs Worked Through the Economy
March was the best month for consumer prices in nearly five years, as falling gas prices helped out household budgets despite increases for other necessities. However, the report showed data from before many of President Donald Trump's latest tariffs took effect.
Exclusive-Brazil prepares new oil auction as trade war threatens budget, sources say
Brazil's government is preparing an extra auction this year of stakes in offshore oil areas to boost revenue, a plan gaining steam amid falling oil prices and rising global trade uncertainty, said four people familiar with the matter. Two of the sources, who spoke on condition of anonymity, said the auction will involve smaller, uncontracted parts of the pre-salt Tupi, Mero and Atapu fields, looking to raise around 20 billion reais ($3.4 billion) in a "worst case" scenario. Brazil's Finance Ministry and the Ministry of Mines and Energy did not immediately respond to requests for comment.
US inflation slows in March, but tariffs likely to raise prices
The consumer price index was lower than expected in March, but analysts say Donald Trump’s tariffs are set to raise inflation.