Dollar Weakens as SCOTUS Rebuffs President Trump’s Tariffs

The US Supreme Court struck down President Trump’s sweeping global tariffs, saying he exceeded his authority by invoking a federal-emergency powers law to impose his “reciprocal” tariffs as well as targeted import taxes on countries to address fentanyl trafficking.Atlanta Fed President Raphael Bostic said it’s prudent to have interest rates mildly restrictive as he expects US growth in 2026 to put upward pressure on inflation.The University of Michigan US Feb 1-year inflation expectations were revised lower ...