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Yellen expects Trump's tariffs will hike inflation to 3% year over year
Former Treasury Secretary Janet Yellen predicts President Donald Trump's tariffs will cause prices to rise and average household income to fall, despite a slowing trend in the U.S. inflation rate. "I would expect inflation, on a year-over-year basis of this year, to shoot up to at least 3%, or slightly over, because of the tariffs," Yellen said Thursday on CNBC's "Money Movers." The Biden-era Cabinet secretary made that prediction even as she noted that when it comes to Trump's tariffs, "There remains a huge degree of uncertainty about exactly what is going to go into effect." But "I definitely expect that ... (full story)
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From @financialjuice|Jun 12, 2025|2 commentsUS Commerce Secretary Lutnick: The China tariff pause likely won't be extended. Howard Lutnick claims that 55 percent tariffs on China is the “best outcome for America” pic.twitter.com/H5qsh24dFS
From youtube.com/cmegroup|Jun 12, 2025Gold futures rallied nearly 2% after gapping higher at the open, fueled by renewed Middle East tensions, Trump's tariff threats and falling Treasury yields. September rate cut ...
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From @realDonaldTrump|Jun 12, 2025|2 comments
We remain committed to a Diplomatic Resolution to the Iran Nuclear Issue! My entire Administration has been directed to negotiate with Iran. They could be a Great Country, but they first must completely give up hopes of obtaining a Nuclear Weapon. Thank you for your att...
From blackbull.com|Jun 12, 2025Geopolitical tensions surrounding Iran might fuel safe-haven demand for gold. A break above $3,403 might open the door for a test of the May high at $3,437. However, price action ...
From kitco.com|Jun 12, 2025With gold in the midst of a multi-year rally punctuated by a series of all-time highs, and with silver and platinum now breaking out, one would think that the metals and the ...
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- Jun 12, 2025 4:01pm Posted byFundamental Analysis14,873
