The world’s traditional havens in times of stress have themselves become sources of stress.
US President Donald Trump has again taken aim at US Federal Reserve boss Jerome Powell,blasting him for being too slow on lowering interest rates.
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 Australian sharemarket is going into the Easter weekend in decent shape as higher oil and gold prices boost the index.
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.
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.
While the White House says Trump’s plan is working,some Republicans have joined Democrats to introduce a bill to terminate new tariffs unless the US Congress approves them.
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 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.
The Federal Reserve stayed on hold amid uncertainty over the impact of President Trump’s policies.