New York Fed President John Williams said the higher oil prices stemming from Russia invasion of Ukraine may act like a “tax” on American consumers. But, “the economy is coming into this with a lot of forward momentum. It’s definitely not a stagflation issue.” Williams expect inflation to come down later this year but stays […]
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Swiss consumer inflation remained subdued in March, with headline CPI unchanged on the month, below the expected 0.1% mom rise. Core CPI (excluding fresh and seasonal products, energy and fuel) rose just 0.1% mom. The Read more…
Markets The US government published the groundwork of its new trade policy. The baseline is a 10% across-the-board levy on all imports, effective April 5th. The tariff rate is higher for countries who charge the Read more…
I won’t make this long or complicated. Trump’s tariff announcement was worse than expected. The universal tariff was set to 10% – in line with expectations – but the tariffs imposed to main trade partners Read more…