St. Louis Fed president Alberto Musalem said Monday that he is closely watching longer-term inflation expectations and downside risks to growth as he argues for maintaining a 'patient approach' to monetary policy.
Bessent blamed “four years of disastrous policies,” for scorching inflation, claimed the current administration was working everyday to lower prices, and China would eat any tariffs.
President Donald Trump's latest tariff deadline, business leaders, market participants and economists were still guessing whether they would go into effect, or whether Trump would grant another last-minute reprieve.
Inflation is heating up, a trade war is brewing and American consumers aren’t feeling great about the economy. That’s a toxic mix for businesses.
President Donald Trump’s delayed tariffs on Canada and Mexico will go into effect on Tuesday, according to Treasury Secretary Scott Bessent.
Trump officials remain on course to hit Canada and Mexico with 25% tariffs on March 4, with a wave of other levies ready to roll.
MEXICO CITY, Feb 21 (Reuters) - Mexico's annual inflation rate likely rose during the first half of February as the core index remained flat, a Reuters poll predicted on Friday, boosting bets that ...