The United States ordered a blockade of Venezuelan oil tankers because the Trump administration believes President Nicolás Maduro's regime is acting detrimentally to the United States and the world. Trump has labeled the Venezuelan government a "foreign terrorist organization" and accused the regime of asset theft, terrorism, drug trafficking, and human trafficking. He has therefore decided to block tankers sailing in and out of Venezuela as part of an economic and political pressure campaign. This move is also part of a broader US pressure campaign, including the seizure of tankers...
The U.S. economy is set for weaker growth and higher inflation as the tariff impact is likely to be greater than previously feared, economists at Goldman Sachs said in a recent. "Larger tariffs are also likely to hit GDP harder. We have reduced our 2025 Q4/Q4 GDP growth forecast to 1.7%, from 2.2% previously," Goldman Sachs economists said. Goldman Sachs updated its economic forecasts to reflect a new assumption of larger tariffs that raise the effective tariff rate by 10%, compared with a prior assumption of 4.3% . The White House raised tariffs on China, Canada, and Mexico but then...
The Federal Reserve (Fed) will hold a two-day monetary policy meeting next week and announce its decision on March 19. Until then, the Fed will be in a blackout period, during which policymakers and officials will not be allowed to comment on the policy outlook. According to the CME FedWatch Tool, the market sees little chance of a 25 basis point (bps) rate cut next week. The probability of a rate cut in May currently stands at around 40%. Meanwhile, the Fed FXS Sentiment Index (FXS) remains in neutral territory, just below 100. Following its January meeting, the Fed left its policy...
U.S. President Donald Trump said on Friday that his country is stopping all federal funding to South Africa, but South Africa responded by saying it would not engage in "megaphone diplomacy". Trump had already signed an executive order to cut all U.S. financial assistance to South Africa last month, citing disapproval of its land policy and of its genocide case at the International Court of Justice against Washington's ally, Israel. "To go a step further, any Farmer (with family!) from South Africa, seeking to flee that country for reasons of safety, will be invited into the United States...
Federal Reserve Chair Jerome Powell said it remains to be seen if the Trump administration's tariff plans will prove to be inflationary, mapping out a checklist of things that could cause new import taxes to lead to more persistent price pressures. "In a simple case where we know it's a one-time thing, the textbook would say look through it," with no need for the Fed to respond with tighter monetary policy, Powell said at a question-and-answer session during an economic forum in New York City. "But you also want to be sure of a couple things," he continued. "If it turns into a series of...
In remarks from the Oval Office on Friday, U.S. President Donald Trump discussed with disgust the massive tariffs Canada has on dairy and lumber and indicated that reciprocal tariffs from the U.S. could be "coming today" or next week. "They'll be met with the exact same tariff unless they drop it, and that's what reciprocal means," Trump said. "We may do it as early as today, or we'll wait till Monday or Tuesday, but that's what we're going to do. We're going to do, we're going to charge." The comments from Trump follow the 25% tariffs Trump placed on most goods from Canada this week....
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...