Trump, in a post on his social media platform Truth Social, reiterated his stance on rate cuts, saying that Powell should have lowered interest rates
There is relief that the so-called reciprocal tariffs have been put on hold for 90 days, though the base tariff of 10 per cent remains
US Chief Justice John Roberts allows Trump to remove two agency heads as the Supreme Court takes up a case that could ultimately affect the job security of Fed Chair Jerome Powell
The inflation slowdown reflected a decline in energy costs, used vehicles, hotel stays and airfares. The cost of motor vehicle insurance
The prospect of high inflation stemming from widespread tariffs along with weaker hiring could put the Federal Reserve in a difficult spot, Fed policymakers said in minutes from last month's meeting. The minutes, released Wednesday, said that the Fed could keep its benchmark interest rate unchanged if inflation remained stubbornly elevated. And they said it could cut its rate if growth slowed and unemployment rose. The minutes were for the Fed's March 18-19 meeting. But if both happened at the same time, the Fed may face difficult tradeoffs, some of the 19 officials on the central bank's interest-rate setting committee said. Rising unemployment can often lead to a recession, when the Fed would normally slash its key rate to support more borrowing and spending and stimulate the economy. Yet Fed officials would likely be reluctant to cut if inflation rose, because it usually seeks to cool higher prices by keeping its key rate unchanged or even raising it if necessary. The minutes ..
Higher prices from tariffs could lead to a one-time price shock that the Fed could largely look through in setting policy, though Musalem said he regarded that approach as risky
Tariff hikes are plain news as the historic precedent of the Smoot-Hawley Tariff Act of 1930 highlights. This is an impoverishment day, not a liberation day, Wood said in his weekly note GREED & fear.
Powell further said that he is not going to leave the chairmanship of the central bank before his term comes to an end. "I fully intend to serve all of my term," he said
Exports will be badly hit in the next couple of months until the cost impact is analysed by US consumers and Indian exporters, said industry players
Trump Tariff News: The short-term impact on the market will be negative. The probability of US recession by end 2025 has increased
All eyes are on the US non-farm payrolls report, due Friday, for further clues on the Federal Reserve's monetary policy path
The brokerage also lowered the world's largest economy's GDP growth forecast for 2025 to 1.5 per cent from 2.0 per cent and projected three interest rate cuts
Thanks to President Donald Trump, not just the world but even the US Fed remains in a state of suspense over how his tariff-threats will pan out in the real world
On tariffs, prognosticators are struggling to understand the logic and legal basis behind Trump's so-called "reciprocal tariff" plan set for April 2
Benchmark indices up over 5% from recent lows but still trade 12% below record highs logged six months ago
The US Federal Reserve kept benchmark interest rates steady but signalled potential cuts later this year amid concerns over tariffs and a slowing economy.
In a widely expected move, the US Federal Reserve has decided to keep its interest rate target range unchanged at 4.25 to 4.5%.
Fed's Powell downplayed simmering concerns about a slowdown but acknowledged tariff uncertainty was a factor and already contributing to goods inflation
Stock Market Today, March 20: Gains in the domestic stock markets would be on the back of a rally in Wall Street stocks, where the Dow Jones climbed 0.92 per cent, the S&P 500 jumped 1.08 per cent
Taking stock of the Trump administration's rollout of tariffs, Fed officials actually marked up their outlook for inflation this year