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White House defends Trump's beef import plan after report on billionaire's influence
The White House defended President Trump’s decision to temporarily suspend higher tariffs on ground beef imports amid a report that a Brazilian billionaire influenced the decision. “President Trump’s action to address a short-term supply crunch in the beef market was the result o...
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No negotiations with Canada right now: US trade rep
U.S. Trade Representative Jamieson Greer said there are no trade negotiations happening with Canada after they fell apart last month and tariffs from the Trump administration on Canadian goods went into effect. “It’s more their emergency than ours,” Greer said, according to a Tue...
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Global sell-off in government bonds intensifies
Government bond yields rose in numerous countries on Tuesday, with investors selling off amid concerns over inflation and mounting public debts. The 10-year U.S. Treasury bond yield exceeded 4.7 percent Tuesday morning, marking its highest mark since October 2023. The 30-year Tre...
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Euro zone inflation is back above 3%. Higher interest rates are likely to follow
The European Central Bank is seen hiking rates in September as the Iran war raises energy costs in the region.
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Fed Chairman Warsh expresses concern about inflation, advocates for 'quieter' central bank
He used the speech to outline his philosophy on policymaking while carefully sidestepping any signals
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Fed's Hammack says 'now is the time to act' on raising interest rates
She still thinks the Fed needs to take action against inflation that is straining household budgets.
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Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July
The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones....