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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 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.

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.

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.

The consumer price index was lower than expected in March, but analysts say Donald Trump’s tariffs are set to raise inflation.

(Bloomberg) -- Risk appetites vanished on Wall Street after the biggest burst of buying in years, with stocks falling even after subdued inflation data extended a bounce in Treasuries. The S&P 500 pared back about a quarter of Wednesday’s surge as investors braced for a potentially protracted period of global trade hostility.The burst of euphoria flipped back to unease on concern tariffs will bring lasting damage to the economy despite President Donald Trump’s surprise reprieve. While the consum

Gas prices declined in March, while costs for housing and clothing rose at a slower pace. Food prices increased over the month.View on euronews