White House says no inflation data release likely next month, and the immediate thought that comes to mind is… well, it must be bad. Like, really bad. You know, we’ve seen this before, haven’t we? It’s a pattern. Don’t release the numbers, pretend everything’s fine, and hope the public doesn’t notice the ever-increasing prices at the grocery store or the gas pump. It’s the old “if you don’t test, you don’t get cases” strategy, repurposed for economic data. It’s almost comical in its audacity, but also deeply concerning. It’s like that quote, “We’re winning so hard we don’t have to tell you how hard we’re winning!… Continue reading
Escalating US tariffs on Chinese goods triggered a dramatic sell-off of US Treasury bonds, indicating a loss of investor confidence in the US economy. Yields on 10-year and 30-year bonds surged to multi-year highs, though a large bond auction partially mitigated the decline. This turmoil spread globally, impacting UK bonds and causing significant drops in major stock markets, particularly in Asia. Analysts predict potential Federal Reserve intervention, foreshadowing a possible emergency interest rate cut.
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In response to the U.S.’s latest tariff increase on Chinese goods exceeding 100%, China has raised tariffs on U.S. goods to 84%, effective April 10th. This escalation follows a pattern of tit-for-tat tariff hikes, threatening to severely disrupt trade between the two nations, given the substantial volume of bilateral trade in 2024. The conflict has already triggered global market instability, with major indices experiencing significant declines. U.S. officials have criticized China’s unwillingness to negotiate, attributing it to unfair trade practices.
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