Bessent, Trump and Inflation
· 5h · on MSN
Treasury Secretary Bessent: 'I'm not worried about inflation' from tariffs
Bessent Highlights Trump’s Fed Silence, Rejects Inflation Worry
Treasury Secretary Scott Bessent rejected the idea that President Donald Trump’s tariff hikes will ignite a new wave of inflation, and suggested that the Federal Reserve ought to view them as having a one-time impact.
· 6h
Bessent: 'I am not worried about inflation' from Trump’s tariffs
President Donald Trump’s rapidly evolving trade war threatens to resurrect an all-too-familiar question for the Federal Reserve: If inflation moves higher, will it be transitory?
Lifestyle inflation occurs when your expenses increase as you earn more income. Learn tips to prevent it from derailing your path to financial freedom.
The president knows his plans,” a White House official said, while Donald Trump presses ahead with tariffs that economists warn will push prices higher.
With inflation remaining relatively high, businesses must adapt to ongoing cost pressures. Here are strategic ways to inflation-proof your business.
The European Central Bank cut its economic growth expectations for the euro zone once more on Thursday and raised its projection for inflation this year, even as it predicted price growth back at target in 2026.
If tariffs continue, Americans can expect to pay an extra 20 cents per gallon of gas, an additional 50 cents for each avocado, and thousands more on new vehicles, almost immediately.
Turkey's Central Bank Lowers Key Interest Rate
The Personal Consumption Expenditures Price Index grew at an annualized rate of 4.0 percent in January 2025, up from 3.6 percent in the prior month. Click to read.
Macy's forecast annual sales and profit below Wall Street's expectations on Thursday, joining several U.S. retailers in signaling that shoppers were holding off buying apparel and accessories in the face of economic uncertainty.
Ukraine’s central bank tightened monetary policy for a third meeting and said it’s ready to take more action to tame an acceleration in inflation in the war-time economy.
The central bank’s preferred inflation measure, released on Friday, climbed 2.5 percent in January from a year earlier, slightly lower than the previous reading of 2.6 percent but still well above the Fed’s 2 percent target. On a monthly basis, prices increased 0.3 percent, in line with December’s pace.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results