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  • Apr 11, 2025

Dimon Predicts Treasury Market ‘Kerfuffle’ Where Fed Steps In

(Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he expects “a kerfuffle” in the US Treasury market that prompts a Federal Reserve intervention. Most Read from BloombergThe Secret Formula for Faster TrainsMidtown Office Building Evacuated on Concerns of Wall CollapseIn Chicago, a Former Steel Mill Looks to Make a Quantum LeapNYC Tourist Helicopter Crashes in Hudson River, Killing SixInside the Quiet, Extravagant Expansion of the Frick Collection“There will be a kerfuf

  • Apr 11, 2025

Fed's Williams says tariffs will push up inflation, unemployment

(Reuters) -New York Federal Reserve President John Williams said on Friday the Trump administration's current trade policies will accelerate inflation this year, while adding that it's critical for the U.S. central bank to prevent longer-run expectations of price pressures from becoming unmoored. "It's hard to know with any precision how the economy will evolve," Williams said as part of public remarks delivered to the Puerto Rico Chamber of Commerce. "Given the uncertain effects of recently announced tariffs and other policy changes, there is an unusually wide range of outcomes that could transpire."

  • Apr 11, 2025

Potential impact of Trump's trade war on jobs and inflation sends US consumer sentiment plunging

U.S. consumer sentiment plunged in April, the fourth consecutive month of declines, in a seemingly sharp rebuke of President Donald Trump's trade wars that have fueled anxiety over possible job losses and rising inflation. The preliminary reading of the University of Michigan’s closely watched consumer sentiment index, released Friday, fell 11% on a monthly basis to 50.8, the lowest since the depths of the COVID-19 pandemic. The decline was “pervasive and unanimous across age, income, education, geographic region, and political affiliation,” said Joanne Hsu, director of the survey.

  • Apr 11, 2025

Ted Cruz Says Senators Urged Trump to Stem Market ‘Freefall’

(Bloomberg) -- On the night of April 8, as US stocks reeled and Treasuries were selling off, a group of senators put it to President Donald Trump plainly: the market was in freefall because of his tariffs and he needed to lower the temperature. Most Read from BloombergThe Secret Formula for Faster TrainsMidtown Office Building Evacuated on Concerns of Wall CollapseIn Chicago, a Former Steel Mill Looks to Make a Quantum LeapNYC Tourist Helicopter Crashes in Hudson River, Killing SixInside the Qui

  • Apr 11, 2025

Trump has 90 days to do 150 trade deals. Financial markets aren’t buying it

President Donald Trump and his advisers said this was the plan all along: Scare the bejesus out of the world by announcing astronomically high tariffs, get countries to come to the negotiating table, and — with the exception of China — back away from the most punishing trade barriers as America works out new trade agreements around the globe.

  • Apr 11, 2025

Traders lighten bets on Fed rate cuts, still eye June start

Prices of interest-rate futures continue to reflect expectations that the U.S. central bank will start reducing its policy rate in June, though with less certainty than earlier, with the market-indicated probability around 75%, versus more than 80% earlier in the day. Traders see the Fed delivering three rate cuts in total over the course of the year, pulling back from bets on a fourth rate cut.

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