ISTANBUL Top financial officials from the G20 major economies expressed worries about the effects of US President Donald Trump’s high tariffs on the global economy at a meeting in South Africa, Japanese news agency Jiji Press reported Friday. Japanese Finance Minister Katsunobu Kato told reporters on Thursday, day one of a two-day gathering of G-20
Mark Niquette and Michael Sasso | Bloomberg US manufacturers secured the business tax provisions they’d hoped for in Donald Trump’s budget megabill, but the president’s erratic trade policy risks tempering any pronounced pickup in capital investment. Many producers this year had put spending plans on hold due to uncertainty surrounding the tax and spending legislation
Help from the Federal Reserve in the form of lower benchmark rates is unlikely to arrive this month. The CME Group’s FedWatch tool on Tuesday showed that 95% of interest rate traders believe the federal funds rate will remain in a range of 4.25% to 4.5% when the Federal Open Market Committee meets at the
The ASX 200 has zig-zagged as investors brace for Donald Trump’s 90-day tariff pause to end this week and await another cut from the RBA. Materials companies led the charge in the first 45 minutes of trading on Monday with Origin Energy jumping 5.7 per cent and Bellevue Gold adding 5.4 per cent while finance
Much of the recent movement in rates can be tied to the Trump administration’s political machinations at the Federal Reserve. The president has continued to point fingers at Fed Chair Jerome Powell for failing to lower rates more quickly, even as inflation nears the Fed’s goal of 2% per year and unemployment remains relatively low
WASHINGTON (TNND) — An asset management firm’s chief economist suggested the possibility this past weekend the Trump administration outsmarted the public with its tariffs. Torsten Slok, chief economist and partner at Apollo Global Management, wrote in a blog post that one of the administration’s possible trade strategies could increase U.S. tax revenue while pleasing the
How fentanyl reaches the US and the role of Trump’s China tariffs US President Donald Trump has imposed new tariffs on Chinese goods, citing Beijing’s failure to stop the export of chemicals used to produce fentanyl. unbranded – Newsworthy U.S. stocks opened barely higher as investors continue to wait for news from the second day
President Trump announced Friday that he would double tariffs on imported steel to 50% following a pair of court rulings that left many of his signature duties in limbo. “At 25%, they can sort of get over that fence. At 50%, they can no longer get over the fence,” Trump told US Steel employees at
Wall Street is keeping a close eye on the bond market after long-term Treasury yields spiked last week as investors reassessed the US fiscal outlook in light of President Trump’s proposed tax legislation. The 30-year Treasury yield (^TYX) surged as high as 5.15% last week, hovering near its highest level since 2007. Yields pulled back
Markets hate volatility. Since President Donald Trump regained power, the country has seen a ton of it. Commercial real estate finance professionals holding out hope for a semblance of stability to push the Federal Reserve to lower interest rates could be disappointed as tariffs make a near-term rate drop less and less likely, CRE Finance Council President and CEO Lisa Pendergast said. What’s