Market Chatter: Documents Reveal Canada Federal Govt's Efforts to Get Loblaw, Walmart On Board With Grocery Code
Market Chatter: Documents Reveal Canada Federal Govt's Efforts to Get Loblaw, Walmart On Board With Grocery Code
FREDERICKSBURG, Virginia (Reuters) -The United States could see a significant response from China following any U.S. tariff actions, U.S. Treasury Secretary Janet Yellen said on Monday ahead of expected new tariffs targeting certain sectors this week. Yellen, speaking to reporters after a broadband event in rural Fredericksburg, Virginia, said she and other U.S. officials had made clear to China they could reconfigure tariffs first imposed under former President Donald Trump to be more strategic, but that any changes would be narrowly targeted. She declined to give any details of expected changes in U.S. tariffs on China, but said the Biden administration would ensure Chinese officials were informed ahead of any U.S. action.
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The sudden resurgence of inflation has caused some more alarmist analysts to suggest that the US economy is in deep trouble.
President Joe Biden announced a new $1.6 trillion investment initiative that he plans to use to transform the U.S. However, the plan has encountered a hurdle in the form of unspent funds. Here's everything you need to know about these green energy initiatives: Biden’s plan, which aims to rebuild infrastructure and bring more environmentally friendly manufacturing back to the country, involves a significant investment of $1.6 trillion. This plan not only aims to make the country's economy greener
A sweeping White House move on China tariffs that is expected to be unveiled early next week "reflects lessons learned," according to a former official who was involved in the process.
The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year. A major concern expressed by both Fed policymakers and some economists is that higher borrowing costs aren't having as much of an impact as economics textbooks would suggest. Americans as a whole, for example, aren't spending much more of their incomes on interest payments than they were a few years ago, according to government data, despite the Fed's sharp rate increases.
If financial markets are right, interest rates won't just stay high this year, but possibly forever. Yet making the right call on where rates settle is a huge challenge for policymakers and investors -- many economists reckon R-star is lower than before the great financial crisis, but disagree on how to calculate it, its current level and whether it is rising. BNY Mellon Investment Management's chief economist, Shamik Dhar, who reckons R-star has risen is "nervous that hasn't been fully priced into equity and property markets."
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BEIJING (Reuters) -U.S. President Joe Biden is set to announce new China tariffs as soon as Tuesday, targeting sectors including electric vehicles, medical supplies and solar equipment, according to people familiar with the matter. The expected move by the Biden administration comes ahead of the November presidential election. Biden, a Democrat seeking re-election, has taken a tough-on-China approach that would maintain existing tariffs on many Chinese goods set by former President Donald Trump, his expected Republican challenger.
U.S. Postmaster General Louis DeJoy has agreed to pause planned further consolidation of the postal service's processing network after a bipartisan group of senators raised concerns about the impact on mail deliveries. In a letter to Senator Gary Peters made public on Monday, DeJoy said he would pause the consolidation of processing facility operations until at least January 2025. DeJoy said the change would delay USPS cost savings of $133 million to $177 million.