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US Inflation continues to ease, but the Federal Reserve holds off on rate cuts. Former Fed Governor Randy Kroszner explains why services inflation, tariffs, and cautious Fed policy are shaping the interest rate outlook for 2025. US Inflation Falls for Fifth Straight Month to 2.7% In a conversation with Media that brought clarity to the …
China has issued a strong rebuke to Donald Trump’s latest tariff threats targeting Russia and its trade partners. Responding to Trump’s 50-day ultimatum to end the Ukraine war, Beijing called the US move illegal and counterproductive. As top SCO diplomats gathered in Beijing, including Russia’s Sergey Lavrov and India’s Dr. S. Jaishankar, China reaffirmed its …
Asian Markets Sink Ahead of US Tariff Deadline:Global markets turned volatile ahead of the July 9 US tariff deadline, with Asian stocks plunging and Wall Street futures pointing lower. Investors are on edge as the US plans to implement tariffs on a country-by-country basis from August 1. Conflicting signals from US officials and rising political …
Who Will Be the Next Fed Chair:US Treasury Secretary Scott Bessent opened up about the Trump administration’s aggressive economic strategy — from the looming August 1st tariff deadline to the sweeping immigration reforms in the “One Big Beautiful Bill.” He also addressed growing speculation about who might replace Fed Chair Jerome Powell, hinting at the …
Chinese Ports Hit Record Amid Trump Tariffs:China’s export activity has hit a record high as companies rush to ship goods ahead of new US tariffs. In just one week, Chinese ports handled 6.7 million containers—an all-time high—while air and rail freight also surged. The export boom follows a 90-day trade truce with the US, set …
Fed Chair Powell Has Room to Lower Rates:Wharton’s Jeremy Siegel says the Federal Reserve, led by Chair Jerome Powell, has room to lower interest rates as inflation outside of tariffs trends downward. He attributes the S&P 500’s rise above 6000 to easing trade tensions and believes markets can continue climbing if tariffs don’t escalate. Siegel …