Energy Costs Continue to Feed Inflation, Fed’s Beige Book Shows
U.S. businesses endured another month of energy-driven price increases and economic uncertainty in the third month of the Iran conflict, according to a recent survey from the Federal Reserve. Source…
Logan: Fed May Need to Hike Interest Rates This Year to Confront Inflation
Dallas Fed President Lorie Logan gave one of the most direct warnings yet from a U.S. central banker that the Federal Reserve may need to tighten monetary policy. Source link
Months after the Supreme Court struck down President Trump’s most sweeping global tariffs, the administration said it would levy new tariffs using a different legal mechanism
Will the administration’s new attempt to impose broad tariffs stick? Source link
Canada Services Activity Grows Slightly in May
Activity in Canada’s services industry picked up slightly last month despite a fall in new business and ongoing economic uncertainty. Source link
U.S. Services-Sector Activity Continued to Expand in May
The Institute for Supply Management’s purchasing managers index for services providers was 54.5 compared with 53.6 in April. Source link
ADP Says Private-Sector Hiring Stayed Strong Last Month
Private companies added a net 122,000 jobs in May, ADP said, compared with 105,000 additions in April and economists expectations of 110,000 new jobs. Source link
Bank of Japan Could Raise Rates Even If Mideast Uncertainty Persists
Japan’s central bank could look past Middle East uncertainty and raise interest rates if inflation becomes a bigger threat to the economy than the risk of slowing growth, Gov. Kazuo…
The U.S. has proposed tariffs of at least 10% on many trading partners following an investigation into goods allegedly produced by forced labor
The Office of the U.S. Trade Representative said products of Canada, Mexico, Taiwan, the EU and the U.K., among other countries, would face a 10% duty. Source link
OECD Warns of Severe Global Slowdown if Middle East Conflict Is Prolonged
Should the disruption to energy production and shipping stretch well into next year, global growth could slide to 2.1% in 2026—the weakest this century outside 2009 and 2020. Source link
Berkshire Hathaway’s $6.8 billion deal to acquire a major home builder reflects its conviction that the housing market will shake off its long slump and recover as it always has
Under its new chief executive, Greg Abel, Berkshire raises its bet on a market recovery by adding another housing company to its portfolio. Source link
