The University of Michigan consumer sentiment for the US dropped to 55.4 in September 2025, down from 58 in August and well below market expectations of 58, according to preliminary estimates. This marked the second consecutive monthly decrease, pushing sentiment to its lowest level since May. The current conditions index deteriorated to 61.2 from 61.7 and the expectations gauge fell to 51.8 from 55.9. Meanwhile, year-ahead inflation expectations held steady at 4.8% while the five-year expectations moved up for the second straight month to 3.9% from 3.5%. Source : Trading Economics
Richmond Federal Reserve President Thomas Barkin said Thursday the current level of monetary policy is in a "good place," in a further sign the central bank is leaning toward keeping rates steady at a time of rising tariff-induced uncertainty. "We are waiting for the fog to clear," Barkin said in prepared remarks for an economics lecture at Washington and Lee University. "With the labor market still solid and inflation still above target, our moderately restrictive stance is a good place to be." The Richmond Fed president did say, however, that if "conditions start to shift, we are well...
Initial jobless claims in the United States decreased by 1,000 to 224,000 in the week ending March 22, marginally below market expectations of 225,000, to remain at historically low levels. In the meantime, recurring claims fell by 25,000 in the second week of the month. The results continued to indicate that the US hosts a robust labor market despite the prolonged period of restrictive monetary policy and the pessimistic batch of soft data released during the first quarter of the year. In the meantime, unemployment claims filed under programs for Federal government employees, which have...
President Trump said he would impose a 25% tariff on global auto imports into the U.S., making good on his pledge to sanction foreign car and truck manufacturers. "What we're going to do is we're going to put a 25% tariff on all cars that are not made in the U.S.," Trump said Wednesday in the Oval Office, appearing to rule out possible exemptions for countries such as Canada and Mexico, which have free-trade agreements with the U.S. The U.S. will begin imposing auto tariffs on April 3, Trump said, a day after he announced a broader set of trade actions. The so-called reciprocal tariffs,...
Wednesday brought a stark warning from Senator Elizabeth Warren regarding the potential for President Donald Trump to dismiss Federal Reserve Chair Jerome Powell. In an interview with Bloomberg News on Wednesday, the Massachusetts Democrat expressed concerns that Trump's broad interpretation of his authority to remove officials from independent agencies could lead to significant instability in the US markets. Warren highlighted the dangers of such actions, suggesting that if the president can remove civil servants and leaders of independent agencies at will, it would result in a...
President Donald Trump is preparing to announce new auto tariffs as early as Wednesday, escalating trade tensions ahead of a broader tariff rollout next week, according to a report from Bloomberg, citing people familiar with the matter. The details of the tariffs, including their scope and possible exemptions, remain unclear, said Bloomberg. The news caused midday volatility in large U.S. auto stocks, including GM, Ford, Tesla (NASDAQ:TSLA), and Stellantis (NYSE:STLA). Bloomberg said it is also uncertain whether the tariffs will take effect immediately or be implemented over...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Poland rejected on Friday a suggestion by Donald Trump that Russian drone incursions into its airspace could have been a mistake, a rare contradiction of the U.S. president from one of Washington's...