Items Tagged with 'trade war'

ARTICLES

  • Fed Chair Powell: GSE reform essential for U.S. economy

    Testifies before Senate on current state of economy
    Tuesday, Federal Reserve Chair Jerome Powell gave his semi-annual congressional testimony before the Senate Committee on Banking, Housing and Urban Affairs. And while Powell didn’t provide many specific details, he stated his belief that it would be healthy for the economy to see GSE reform move forward.
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  • Ryan rejects Trump’s looming trade war

    Trade war could potentially make mortgage rates unaffordable for homebuyers
    House Speaker Paul Ryan rejected President Trump’s recent trade policies, warning of the potential harm tariffs could have on the U.S economy, according to an article by Ana Edgerton for Bloomberg. Trump’s trade war has the potential to negatively impact the housing market because surging inflation could result in higher mortgage rates.
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  • U.S. inches closer to all-out trade war

    Trump announces tariffs on $200 billion in Chinese imports
    On Tuesday, President Donald Trump announced his next step in the growing trade war - tariffs on $200 billion in Chinese imports. Now, China will be forced to either respond in kind, or back down. This latest move, which puts tariffs on more than 10,000 imported products, is now rattling markets across the globe.
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  • FOMC minutes reveal Fed not concerned by growing global economic disruptions

    Expects to continue raising rates in near future
    The FOMC released the minutes from its June meeting Thursday, which showed that the Federal Reserve is not concerned about the rising threat of a trade war or other economic disruptions. While the Fed did mention some global economic challenges during its meaning, they were not the focus and did not seem to affect members’ predictions for the future of rate hikes.
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  • Here’s what Friday’s tariffs will do to U.S. economy

    Economist predicts destruction of 4% of world trade
    Trade tariffs between China and the U.S. are set for Friday, and economists are already predicting what the effect will be on the U.S. and global economy. A new report from Oxford Economics shows the growing trade war between the U.S., Europe, China and other countries could reduce world trade by 4%, and here’s what that could mean for the U.S.
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  • Consumer Confidence Survey reveals Americans fear tariffs

    25% of American consumers worried about economic impact
    The threat of international tariffs modestly reduced consumer confidence in June, according to a Consumer Confidence Survey conducted by The University of Michigan. Surveys of Consumers Chief Economist Richard Curtin explained that two-thirds of consumers believe more international trade is better for the domestic economy.
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  • Mounting trade tensions threaten interest rates

    Experts say could slow global growth
    Mounting trade tensions could soon begin to threaten interest rates as President Donald Trump and key trading allies in Europe and other regions increase trade tariffs. As trade tensions worsen, the Bank for International Settlements said there are already signs that “the ratcheting up of rhetoric” is weighing on investment.
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  • Gary Cohn resigning as top White House economic advisor

    Resignation comes after rumored fight over tariffs
    Gary Cohn is resigning from his position as White House National Economic Council director, the New York Times reported Tuesday. It appears that President Donald Trump’s recent announcement that the U.S. plans to impose a 25% tariff on steel imports and a 10% tariff on aluminum was Cohn’s bridge too far.
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