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Trump’s Tariff Plans Could Cost Germany 1% of GDP, Nagel Warns
Bundesbank President Joachim Nagel warned that Donald Trump’s threatened trade levies risk derailing the German economy. “If the tariff plans are implemented, it could cost us 1% of economic output,” he told Die Zeit newspaper in an interview published Wednesday. “That’s very painful when you consider that our economy won’t grow at all this year and probably less than 1% next year even before a US tariff plan. If the new levies are actually imposed, we could even slip into negative territory.” Last week’s election has cast a pall over the prospects of the euro-area economy, as the return of Trump to ... (full story)
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From @financialjuice|Nov 13, 2024post: FED'S KASHKARI: CPI HEADLINE CONFIRMS PATH WE ARE ON. post: KASHKARI: HAVE CONFIDENCE INFLATION IS HEADED IN RIGHT DIRECTION post: KASHKARI: NOT READY TO SAY INFLATION IS STUCK ABOVE 2% post: KASHKARI: RISKS EXISTED BEFORE THE ELECTION, NEED TO WATCH THE DATA post: Minneapolis Fed’s Pres. Kashkari: Higher Productivity Points To Higher Neutral Rates We Are In A Good Place In Labour Market, Want To Keep It There
From bls.gov|Nov 13, 2024|7 commentsThe Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in October, the same increase as in each of the previous 3 months, ...
From cepr.net|Nov 13, 2024The overall CPI rose 0.2 percent in September, bringing its year-over-year increase to 2.4 percent. The core index rose 0.3 percent, which brought its year-over-year rise to 3.3 ...
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From @cablefxmacro|Nov 13, 2024post:
*KASHKARI: MONETARY POLICY HAS KEPT INFL EXPECTATIONS ANCHORED 
*KASHKARI: RISE AND FALL OF INFLATION MOSTLY DUE TO SUPPLY post: FED'S KASHKARI: THE FED CAN'T FIX SHORTAGES DRIVING HOUSING INFLATION.
From dallasfed.org|Nov 13, 2024Thank you, Kunal [Patel], for the kind introduction. And welcome, everyone, to the Dallas Fed. I am so excited to be here today, to welcome my colleague Jeff Schmid, president of the Kansas City Fed, back to Dallas, and to welcome all of you to the Dallas and Kansas City Feds’ ninth joint energy conference. Thank you, as well, to the dedicated teams from Dallas and Kansas City who have worked so hard to make this event possible and to all of today’s speakers for sharing your expertise with us. Both the Dallas and Kansas City banks have invested deeply in understanding the energy economy. Together, our districts empower the nation, contributing nearly 40 percent of the U.S. energy sector’s GDP. At the Dallas Fed, we’re committed to leading the energy conversation through our research at the intersection of energy and economics. That research includes academic publications, analysis, surveys and extensive engagement with industry leaders through our Energy Advisory Council, individual outreach and conferences like this one. post: FED'S LOGAN: THE FED IS NOT QUITE BACK TO PRICE STABILITY YET. post: FED'S LOGAN: IT IS DIFFICULT TO KNOW HOW MANY FED RATE CUTS MAY BE NEEDED, AND HOW SOON THEY MAY NEED TO HAPPEN. post:
FED'S LOGAN: MODELS SHOW THAT THE FED FUNDS RATE COULD BE VERY CLOSE TO THE NEUTRAL RATE. post: U.S. CENTRAL BANK 'MOST LIKELY' WILL NEED MORE INTEREST RATE CUTS, BUT SHOULD 'PROCEED CAUTIOUSLY,' DALLAS FED'S LOGAN SAYS
From dailymail.co.uk|Nov 13, 2024A rare square 37-carat emerald owned by the Aga Khan has fetched nearly $9million (£7million) at auction in Geneva, making it the world's most expensive green stone. The Cartier ...
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- Posted: Nov 13, 2024 8:47am
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