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rose98734

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@rose98734 0
9 days ago
economy
The resignation of Governor Kugler allows Trump to appoint Jay Powell's replacement to the Federal Reserve's board now Governor Adriana Kugler did not attend or vote in the FOMC meeting last week (where they voted 9 - 2 to hold interest rates in her absence). The official reason given was that…
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@rose98734 0
12 days ago
economy
Trade war: Canada's situation is different from the EU's When the EU followed Japan and signed up to 15% tariffs, many commentators predicted that Canada would "cave" to Trump too. But Canada's situation is different to that of the…
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@rose98734 0
19 days ago
economy
A summary of the terms of the trade deals Trump has negotiated so far President Trump has just announced a trade deal with Japan and the Philippines. What can we learn from these deals, and the deals already announced with the UK, China, Vietnam…
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@rose98734 0
27 days ago
economy
Will Trump fire Fed Chairman Jerome Powell? Attacks on Fed Chairman Jerome Powell are happening almost daily as the Trump administration tries to force him to step down early. At the start of July, Trump posted the…
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@rose98734 0
about 1 month ago
economy
Copper futures in New York are now 25% higher than in London Here is the chart comparing the futures price of copper on New York's COMEX exchange to the price on London's LME exchange: source Until Trump's inauguration in
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@rose98734 0
about 2 months ago
economy
Trump's tariffs hurt US auto sales US retail sales for May came in lower than expected, down 0.9% from April, and the culprit was auto sales. Here's the breakdown by sector: source Recall tha
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@rose98734 0
about 2 months ago
economy
Canada prepares a surrender to the US in a new trade deal On the 11th June, The Economist magazine published an exclusive on the new trade deal Canadian Prime Minister Mark Carney was negotiating with President Trump. 24 hours later…
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@rose98734 0
2 months ago
economy
Central banks continue co-ordinated Quantitative Tightening as inflation pressures persist All the major central banks are now engaged in Quantitative Tightening, including at last the Japanese Central Bank. Japan has been the source of excess liquidity in the world…
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@rose98734 0
2 months ago
economy
How much revenue is being generated by Trump's tariffs? There has been some debate as to whether President Trump's tariffs are a negotiating tactic to get better terms of trade, or whether they are a revenue-raising policy. It now…
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@rose98734 0
3 months ago
economy
Trump puts 50% tariffs on the EU - what happens next? President Trump has just announced 50% tariffs on the EU, effective on June 1st 2025. Here is his Truth Social post: source He says it's because negotiations with the EU
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