Sumerlin said on CNBC that lowering the Fed’s key rate would be an easy decision now.
Author: admin@finance
As Trump berates Goldman, other economists agree that higher tariff inflation is coming
Goldman Sachs is taking the heat for its call that heavier tariff-induced consumer inflation is ahead, but it’s far from alone in that view.
Goldman stands by call that consumers will bear the brunt of tariffs after Trump blasts bank’s economist
Goldman Sachs economist David Mericle on Wednesday stood by a controversial forecast that tariffs will begin to hit consumer wallets.
‘Loud luxury’ is back as high-end brands look to rebound
The sartorial shake-up could herald a new era of large logos, bold branding and distinctive designs dominating catwalks to high streets.
Fed board contenders Miran, Bullard say Trump’s tariffs are not causing inflation
Both did not commit to how they would vote on interest rates. However, they praised Trump’s pro-growth agenda.
Consumer prices rise 2.7% annually in July, less than expected amid tariff worries
The CPI was projected to increase 0.2% in July and 2.8% for a year ago on headline, and 0.3% and 3% on core
Trump-Putin talks are already a triumph for Moscow, its economy and markets
Economists say the talks are “already a win” for Putin, whose economy is limping along after three years of war.
U.S.-China high-stakes tariff truce extension hangs in the balance as deadline looms
Following the latest bilateral meeting in Stockholm in July, Beijing had struck an optimistic tone on an extension, while U.S. negotiators had put the ball in Trump’s court.
AI is creating new billionaires at a record pace
With time, and IPOs, many of today’s private AI fortunes will eventually become more liquid, providing a historic opportunity for wealth management firms
From lipsticks and Labubu dolls to concerts, the ‘treatonomics’ trend is booming in uncertain times
Spending on mood-boosting products and experiences is proving resilient as consumers seek a morale boost in hard and uncertain times.