Federal Reserve officials are being forced to address the potential impact of tariffs on inflation, with policymakers expressing concerns about the uncertainty surrounding President Trump’s trade policies. The looming threat of tariffs could lead the Fed to hold interest rates higher for longer if inflation rises significantly. While Fed Chair Jerome Powell has refrained from commenting on fiscal policy, other officials like Chicago Fed President Austan Goolsbee and Boston Fed President Susan Collins are closely monitoring the situation and evaluating the potential long-term effects of tariffs on the economy.
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Ukraine ready to accept 30-day ceasefire with Russia
Ukraine has agreed to a 30-day ceasefire with Russia following US-Ukraine talks in Saudi Arabia, with US Secretary of State Marco Rubio presenting the offer to Russia. The US will restart intelligence sharing and security assistance to Ukraine, aiming for enduring peace negotiations, while Russian responses remain awaited. The shift in America's approach to the conflict may involve Europe in the peace process, with potential further discussions and agreements on critical minerals deals between the...
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