Macroeconomic data, trends, and policy developments.
Coverage of key economic indicators, central bank policy decisions, inflation trends, labor data, and growth signals. This category focuses on the macroeconomic forces that shape markets, interest rates, and long-term capital allocation.
6,527 total articles
German Finance Minister Lars Klingbeil told Frankfurter Allgemeine Zeitung that Berlin sees no reason to abandon its opposition to joint European borrowing, backing Chancellor Friedrich Merz. While he emphasized a preference for faster, more efficient EU spending over expanding collective debt, Klingbeil acknowledged emerging support from figures s…
India has postponed a planned trade delegation to Washington, citing uncertainty after a recent U.S. Supreme Court decision on tariffs and subsequent U.S. tariff actions. The delegation had been due to finalise an interim pact that would reduce punitive U.S. tariffs and include large bilateral purchases by India. New dates for the visit have not be…
A recent U.S. Supreme Court decision that curtailed the White House's emergency tariff authority has shifted negotiating leverage toward Beijing ahead of a March 31 summit in China. The ruling eliminates previously imposed second-term levies — which reached as high as 145% on certain goods — reducing U.S. tariffs to a 15% global baseline that expir…
The Australian government says it will review responses after the U.S. administration raised a baseline global import tariff to 15% following a brief proposal of 10% the day before. Trade Minister Don Farrell called the decision "unjustified" as exporters face immediate uncertainty; the initial 10% is set to take effect at 12:01 a.m. EST on Februar…
Chancellor Friedrich Merz has ruled out any additional loosening of Germany's constitutionally protected borrowing cap - known as the "debt brake" - before the next federal election in 2029. Merz defended the decision as fiscally responsible, reiterating that the government has already taken on sufficient debt during the current legislative term af…
President Donald Trump announced an immediate raise of a temporary global tariff from 10% to 15% after the Supreme Court found that the International Emergency Economic Powers Act does not permit sweeping tariff actions. The administration's move, permitted under existing trade law for up to 150 days, comes amid ongoing market sensitivity to trade …
The White House announced an immediate increase in a temporary tariff on imports from all countries to 15%, up from the 10% rate set earlier this week. The move follows a Supreme Court ruling that invalidated portions of a prior tariff program, and the administration says the higher duty will be used as an interim measure while new, legally vetted …
The U.S. Supreme Court's decision to invalidate tariffs imposed under the International Emergency Economic Powers Act (IEEPA) is likely to provide only modest relief to apparel and footwear companies, according to Evercore ISI. While the ruling briefly improved sentiment in the softlines sector, Evercore's policy team expects roughly 80%–90% of the…
The U.S. Supreme Court's ruling that the International Emergency Economic Powers Act (IEEPA) does not authorize presidential tariffs removes a legal basis for a portion of U.S. trade duties and could depress the effective tariff rate in the near term. Barclays says investors should monitor possible tariff refunds of up to $175 billion, implications…
BCA Research warns that a persistent 10% fall in U.S. equity markets could erode roughly $7 trillion in household wealth and trim consumer spending by about $280 billion, equal to nearly 0.9% of GDP. The firm notes that while headline GDP was weighed down by government-related drag, private demand remains resilient, but mounting artificial intellig…
BCA Research projects that U.S. trade tensions will remain fairly constrained through 2026 due to legal and political checks, but could reopen after the next political cycle in 2027. A recent Supreme Court ruling narrowing the president's emergency-tariff authority, together with midterm election dynamics, makes a large near-term tariff escalation …
In a decisive opinion, the U.S. Supreme Court ruled that President Trump exceeded his authority by using the International Emergency Economic Powers Act to impose broad tariffs on nearly all U.S. trading partners. The decision, authored by Chief Justice John Roberts and issued in a 6-3 vote, struck down the tariffs outright and underscored the cour…
A senior European Central Bank policymaker warned that the recent sharper-than-expected decline in euro zone inflation warrants close monitoring, highlighting a surge in Chinese imports and lower import prices as a major disinflationary force. He said staff projections due in March will be important for policy calibration and stressed that risks to…
UBS cautions that recent increases in U.S. productivity are unlikely to be driven by widespread artificial intelligence deployment. The bank highlights low measured AI implementation at scale, minimal capital spending tied to AI, and no major changes in hiring as reasons why AI cannot yet account for the productivity improvement.
Europe's exporters reacted with caution after the U.S. Supreme Court struck down a major portion of the Trump administration's tariff program. Industry groups across Italy, Germany and France say the ruling removes one legal basis for tariffs but leaves open a path for new levies under different statutes, creating fresh uncertainty for orders, supp…
The Supreme Court struck down IEEPA-backed tariffs, removing about half of the current U.S. tariff framework and delivering an immediate benefit to importers and corporate profit margins. However, the ruling does not preclude new levies, and policymakers, markets, and the Treasury face persistent uncertainty over refunds, replacement tariffs, and t…
The White House confirmed that most goods shipped under the US-Mexico-Canada Agreement will be exempt from a newly enacted 10% global tariff after a Supreme Court ruling curtailed broader emergency authorities. The exemption reduces the immediate tariff burden for Mexico and Canada and provides relief to key sectors such as autos and energy, but it…
U.S. Trade Representative Jamieson Greer announced on Friday that his office will launch multiple investigations under Section 301 of the Trade Act of 1974. The reviews are expected to span most of the United States' major trading partners and to examine issues including pharmaceutical product pricing, industrial excess capacity, forced labor, and …
The U.S. Supreme Court’s current term encompasses a wide array of consequential disputes that touch on presidential authority, administrative independence, civil rights, criminal justice, commercial liability and regulatory reach. The docket includes fast-moving emergency matters and long-running appeals that could reshape how federal statutes and …
The U.S. Supreme Court ruled 6-3 that the president lacks unilateral authority to set sweeping tariffs under the International Emergency Economic Powers Act, calling into question trade leverage, deals negotiated under tariff threats and roughly $175 billion collected from importers. President Trump reacted angrily, criticized members of the court,…
The U.S. Supreme Court's decision to invalidate tariffs imposed under a statute reserved for national emergencies has, according to Treasury Secretary Scott Bessent, reduced President Donald Trump's bargaining leverage while simultaneously preserving the more extreme option of a full embargo. Bessent discussed the ruling and its implications on Fox…
The U.S. Supreme Court ruled 6-3 that the president lacked authority under the 1977 International Emergency Economic Powers Act (IEEPA) to impose a wide-ranging set of reciprocal tariffs. The decision leaves unanswered whether previously collected duties must be refunded, while the administration says it will pursue other statutory routes and impos…
Brazil's Vice-President and development, industry and trade minister Geraldo Alckmin said a U.S. Supreme Court ruling that invalidated expansive tariffs imposed by former President Donald Trump removed levies that had singled out Brazil, restoring the country's competitiveness in the U.S. market. Alckmin, speaking at a press conference in Brasilia,…
St. Louis Federal Reserve President Alberto Musalem told a television audience that the central bank's current policy posture is appropriate for the economy. He said that replacing tariffs on a one-for-one basis would have little economic effect, noted that high productivity growth has not yet shown up in macro data, praised the Kevin Warsh nominat…
The U.S. Supreme Court struck down a set of tariffs imposed under the International Emergency Economic Powers Act, cutting the trade-weighted U.S. tariff average and wiping out a legal foundation for more than $175 billion in levies. Analysts say the decision does not remove the broader risk to global trade because the administration has signaled i…
