The previous week was a rollercoaster journey on this planet of economics and finance. From President Donald Trump’s tariff threats towards Russia to the Federal Reserve’s cautious stance amidst rising inflation, there was no scarcity of headlines.
Right here’s a fast recap of the highest tales that made waves over the weekend.
Trump’s Tariff Risk Attracts Criticism
President Donald Trump’s current menace of imposing a 100% tariff on Russia if no peace deal is reached in Ukraine inside 50 days has been met with criticism and mockery from main economist Justin Wolfers. Wolfers identified that the U.S. already has sanctions on Russia, making any tariff determine irrelevant for Moscow at this level.
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Trump’s Fee Reduce Calls Conflict With Rising Inflation
President Trump’s requires aggressive fee cuts collided with financial actuality as June’s rising inflation dynamics provided a brief win for Federal Reserve Chair Jerome Powell’s cautious stance. June’s headline inflation accelerated to 2.7% yr over yr, up from 2.4% in Could, marking the best studying since February.
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June Inflation Report Fuels Fed Fee Reduce Hopes
The June inflation report introduced reduction to Wall Road because the headline Shopper Value Index (CPI) matched expectations, whereas core inflation got here in barely cooler than forecast, reviving optimism for rate of interest cuts later this yr.
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Federal Reserve’s Beige E book Reveals Tariff-Pushed Revenue Squeeze
The newest Federal Reserve examine of financial situations reveals that companies that didn’t elevate costs or move on the influence of tariffs to their clients are prone to take successful on their revenue margins.
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Powell Defends $2.5 Billion Fed HQ Overhaul
Federal Reserve Chair Jerome Powell defended the central financial institution’s multi-billion-dollar renovation of its Washington, D.C. headquarters, emphasizing that the mission is being managed responsibly, with no extravagant options or misuse of public funds.
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This story was generated utilizing Benzinga Neuro and edited by Ananya Gairola
Picture courtesy: Shutterstock
