15th May 2024

  • Biden Accuses China of ‘Cheating’ on Trade, Imposes New Tariffs

Changes to impact around $18 billion in current annual imports

Trump, Biden jockey to appear tough on China before election

https://blinks.bloomberg.com/news/stories/SDHEBZT1UM0W

  • Powell Reiterates Fed Likely to Keep Rates Higher for Longer

Officials should be patient and let restrictive policy work

Powell flags lack of inflation progress in the first quarter

https://blinks.bloomberg.com/news/stories/SDHDURT1UM0W

  • US Producer Prices Top Forecasts, But Details Offer Some Relief

PPI for final demand climbed 0.5% after downward revision

Categories that feed into PCE price index were more muted

https://blinks.bloomberg.com/news/stories/SDH7TUT0AFB4

  • Yellen Says China Tariffs Won’t Cause Meaningful US Price Hikes

Treasury chief says she hopes Beijing reacts in ‘rational way’

Prices for US-made EVs will come down as industry matures

https://blinks.bloomberg.com/news/stories/SDHX6ZT1UM0W

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