The world’s traditional havens in times of stress have themselves become sources of stress.
The US President’s tariff war has brought back fears of stagnation and inflation,but why is it sending gold prices through the roof?
The US Federal Reserve Board’s usually cautious chairman says Trump’s tariffs will lead to higher inflation and lower US economic growth. That won’t go down well in the White House.
The world is now seeing Donald Trump’s America for exactly what it is becoming:a rogue state led by an impulsive strongman disconnected from the rule of law.
We follow the politicians on the campaign trail.
Fed chair Jerome Powell has,not for the first time,found himself between a rock and a hard place. It didn’t have to be like this.
The ways markets are reacting to Trump’s tariffs paint a very threatening picture of the outlook for the US and the world.
The Fed said it still anticipates two rate cuts by the end of the year but chair Jerome Powell said uncertainty about the economy is “unusually elevated” as it waits to see the impact of Trump’s policies.
The sell-off on Wall Street is accelerating as fears of stagflation and recession rise. It’s not helping that no one,including Donald Trump,seems to know what his tariff regime will ultimately look like.
The US Federal Reserve Board has left rates on hold as it waits to see Trump’s trade,immigration,tax and deregulation policies and their effects on the US economy.