Bloomberg News Prices continued to trend down toward the Federal Reserve’s 2% target last month despite the rollout of sweeping tariff hikes. The Consumer Price Index rose 0.2% in April for an annualized increase of 2.3%. Core CPI, which factors out food and energy, was up 0.2% on the month and 2.8% year over year. […]
CPI inflation continues to trend down despite tariff rollout Read More »
Bloomberg News The U.S. and China have agreed to pause the bulk of their tariff policies against one another for 90 days, sending a jolt of optimism through the banking sector and its investors. The temporary truce was struck over the weekend and announced on Monday, causing stocks to rally and credit spreads to tighten
U.S.-China tariff truce gives banks hope amid uncertainty Read More »
Federal Reserve Gov. Adriana Kugler on Monday warned U.S. tariffs could propel higher inflation and curb economic growth. While Kugler’s remarks — delivered at the International Economic Symposium in Dublin — argued that the U.S. economy had shown resilience up until now, she characterized the coming impact of tariffs as a negative supply shock that
Fed’s Kugler: Tariffs present stagflation-like pressure Read More »
Acting Consumer Financial Protection Bureau Director Russell Vought rescinded scores of guidance documents in a Federal Register notice scheduled for publication Monday.Bloomberg News The Consumer Financial Protection Bureau is radically cutting enforcement by withdrawing nearly 70 guidance documents, citing President Trump’s mandate to eliminate regulations and reduce costs for businesses. In a major change for
Trump’s CFPB rescinds 70 guidance and enforcement documents Read More »