🇺🇸 LATEST: Bessent said the U.S. Treasury is taking in record tariff revenues. https://t.co/zFqpCYn3vg ...

Trade Policy - The U.S president threatened to impose a 200% tariff on China if it restricts exports of rare-earth magnets to the U.S [1]

Trade Policy - The Trump Administration planned to impose a 50% tariff on products from India [1]

Market Trends - Swiss watch exports to the U S surge despite the potential impact of a 39% tariff [1]

Trade Policy - US is initiating a significant tariff investigation on furniture entering the US [1] - The investigation is expected to be completed within 50 days [1] - Tariffs will be imposed on furniture entering the US from other countries at an undetermined rate [1] Industry Impact - The goal is to bring furniture business back to states like North Carolina, South Carolina, and Michigan [1]

Just within the past couple of moments, the president of the United States announcing a major tariff investigation in the furniture industry, posting on social media a couple minutes ago, "I am pleased to announce that we are doing a major tariff investigation on furniture coming into the United States within the next 50 days. That investigation will be completed and furniture coming from other countries into the United States will be tariffed at a rate yet to be determined. This will bring the furniture bu ...

Trade Policy - The US is initiating a "major Tariff Investigation on Furniture" entering the country [1] - This investigation sets the stage for potential industry-specific tariffs on furniture [1]

CPI may be much higher than expected. >> All that's correct, Frank. There were a bunch of caveats in there.The biggest caveat you did mention, though, that I would say is the one about inflation expectations. He basically said, we are not going to allow tariff price increases to become broader inflation. That's on his watch. He believes that's in his control, and that would mean remaining relatively tight.So you're right. And I think what happened here, Frank, is is he didn't really talk the market down. Bu ...

Turning to inflation, higher tariffs have begun to push up prices in some categories of goods. Estimates, based on the latest available data, indicate that total PC prices rose 2.6% over the 12 months ending in July. Excluding the volatile food and energy categories, core PC prices rose 2.9% above their level of a year ago.Within core prices of goods increased 1.1% over the past 12 months. A notable shift from the modest decline seen over the course of 2020 for. In contrast, housing services inflation remai ...

Economic Outlook - Downside risks to employment are rising [1] - Tariff effects on consumer prices are clearly visible [1] - Tariff impact on inflation is expected to be short lived [1] Monetary Policy - A rate cut is anticipated next month [1]