The BRICS group of countries is increasingly being considered as an alternative for global diplomacy and cooperation amidst increasing tariff and protectionist policies from the United States. A number of developing countries view BRICS as a platform to strengthen trade, investment, and financial cooperation without over-reliance on a Western-dominated system. US tariff pressure is pushing many countries to seek a more balanced economic and political path. Through BRICS, member countries are seeking to expand the use of local currencies, strengthen supply chains, and enhance solidarity...
The annual core consumer price inflation rate in the United States, which excludes volatile items like food and energy, eased to 2.8% in March 2025, down from 3.1% in February and below the market expectation of 3%. This marked the lowest rate since March 2021, driven by slower price increases in shelter (4.0% vs. 4.2% in February), transportation services (3.1% vs. 6.0%), medical care commodities (1.0% vs. 2.3%), apparel (0.3% vs. 0.6%), and used cars and trucks (0.6% vs. 0.8%). On a monthly basis, core consumer prices rose by 0.1% in March, following a 0.2% increase in February and below...
Initial jobless claims in the United States rose by 4,000 from the previous week to 223,000 on the first week of April, in line with market expectations, to remain at the historically low levels that were steadily shown since March. In the meantime, continuing claims fell by 43,000 from downwardly revised levels to 1,850,000 in the last week of March, well below market expectations of 1,880,000, to reflect slight traction in individuals finding suitable employment after a period of joblessness. In the meantime, unemployment claims filed under programs for Federal government employees, which...
The United States (US) Bureau of Labor Statistics (BLS) is set to publish the high-impact Consumer Price Index (CPI) inflation report for March on Thursday at 12:30 GMT. The CPI figures could notably impact the US Dollar (USD) and the Federal Reserve's (Fed) monetary policy outlook. What to expect in the next CPI data report?As measured by the CPI, inflation in the US is set to rise at an annual pace of 2.6% in March, down slightly from the 2.8% reported in February. Core CPI inflation, which excludes the volatile food and energy categories, is expected to ease to 3% in the same period...
Federal Reserve officials flagged the risk of more sustained inflationary pressures from tariffs when they agreed to keep interest rates steady at their meeting last month. "A majority of participants noted the potential for inflationary impacts arising from a variety of factors to be more sustained than they had projected," said the minutes of the March 18-19 policy meeting, released Wednesday. Since that meeting, President Trump has imposed broad and abrupt tariff increases that initially exceeded the high end estimates of most private-sector economists and Fed officials. Trump said...
Many companies had been steadily reducing their reliance on China as a manufacturing hub since President Donald Trump's first term, hoping to blunt the impact of punitive levies from the United States. Then his latest "reciprocal" tariffs came along. Trump's move to impose tariffs on goods on a broader swathe of countries is now putting those diversification plans in disarray and leaving companies scrambling to decide where and how their goods are produced. Steve Greenspon, CEO of Illinois-based houseware company Honey-Can-Do International, started moving more of his production from China...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...