Macroeconomic data, trends, and policy developments.
Coverage of key economic indicators, central bank policy decisions, inflation trends, labor data, and growth signals. This category focuses on the macroeconomic forces that shape markets, interest rates, and long-term capital allocation.
7,188 total articles
The U.S. dollar softened as the Supreme Court ruled that a broad set of tariffs imposed by the administration exceeded presidential authority. Currencies including the euro, sterling and the Swiss franc strengthened, while uncertainty over refunds, potential litigation and geopolitical risks kept investors cautious.
Indonesia recorded a 54.6 trillion rupiah budget shortfall in January, equivalent to 0.21% of GDP, as a 20.5% rise in revenues was outpaced by a 25.7% increase in spending, the finance ministry said on Monday. Investors have been monitoring the government's fiscal stance after early-2026 market volatility linked to concerns over fiscal health, cent…
China's Ministry of Commerce said it is conducting a comprehensive assessment of the U.S. Supreme Court decision that found former President Donald Trump exceeded his authority in imposing broad trade tariffs via a 2025 national emergency declaration. The ministry urged the United States to cancel unilateral tariffs, warned it will closely monitor …
China's commerce ministry said it is carrying out a 'full assessment' of a U.S. Supreme Court decision that struck down a number of tariffs used in recent trade actions. The ministry urged the United States to lift unilateral tariff measures and warned it was monitoring alternative steps by Washington to keep trade barriers in place. The announceme…
Former Bank of Japan board member Makoto Sakurai said the BOJ could raise interest rates as early as March if the yen resumes its slide ahead of a U.S.-Japan summit expected to take place around the central bank's next policy meeting. Sakurai highlighted currency intervention limits, the potential inflationary impact of a weaker yen, and the role o…
The European Commission has called on the United States to clarify its trade stance after a recent Supreme Court ruling affected the legal footing of U.S. tariff policy. The Commission said "a deal is a deal," urging Washington to respect prior trade arrangements while both sides evaluate the ruling's consequences. The comment follows a U.S. propos…
U.S. Trade Representative Jamieson Greer told CBS's Face the Nation that none of the United States' trading partners have indicated they will pull out of previously negotiated tariff arrangements following a Supreme Court decision that invalidated a large portion of President Trump's tariff program. Greer said he has been speaking with counterparts…
Switzerland’s top trade official says Washington may keep tariffs in place by shifting legal grounds, meaning Swiss exporters could face persistent duties. A negotiated framework cuts Swiss tariffs to 15% and includes a pledge of up to $200 billion in Swiss investment in the United States by 2028, with talks to be completed by the end of March.
The U.S. Supreme Court's decision to strike down tariffs imposed under the International Emergency Economic Powers Act (IEEPA) has prompted a vigorous debate among investors. Proponents see the ruling as a rollback of a significant portion of the administration's import-tax toolkit, with possible upside for inflation dynamics and market sentiment. …
The chair of the European Parliament’s trade committee will ask MEPs to pause work on ratifying the Turnberry Agreement with the United States, citing mounting uncertainty after new U.S. temporary tariffs and a shift in the global rate following a U.S. Supreme Court decision. The move reflects concern that recent tariff changes could alter the nego…
The U.S. Supreme Court struck down a large portion of tariffs imposed under the International Emergency Economic Powers Act (IEEPA), limiting the president's ability to levy broad, immediate duties. The administration responded within hours by imposing a temporary universal tariff and opening fresh trade investigations, and then increased the rate …
German Finance Minister Lars Klingbeil told Frankfurter Allgemeine Zeitung that Berlin sees no reason to abandon its opposition to joint European borrowing, backing Chancellor Friedrich Merz. While he emphasized a preference for faster, more efficient EU spending over expanding collective debt, Klingbeil acknowledged emerging support from figures s…
India has postponed a planned trade delegation to Washington, citing uncertainty after a recent U.S. Supreme Court decision on tariffs and subsequent U.S. tariff actions. The delegation had been due to finalise an interim pact that would reduce punitive U.S. tariffs and include large bilateral purchases by India. New dates for the visit have not be…
A recent U.S. Supreme Court decision that curtailed the White House's emergency tariff authority has shifted negotiating leverage toward Beijing ahead of a March 31 summit in China. The ruling eliminates previously imposed second-term levies — which reached as high as 145% on certain goods — reducing U.S. tariffs to a 15% global baseline that expir…
The Australian government says it will review responses after the U.S. administration raised a baseline global import tariff to 15% following a brief proposal of 10% the day before. Trade Minister Don Farrell called the decision "unjustified" as exporters face immediate uncertainty; the initial 10% is set to take effect at 12:01 a.m. EST on Februar…
Chancellor Friedrich Merz has ruled out any additional loosening of Germany's constitutionally protected borrowing cap - known as the "debt brake" - before the next federal election in 2029. Merz defended the decision as fiscally responsible, reiterating that the government has already taken on sufficient debt during the current legislative term af…
President Donald Trump announced an immediate raise of a temporary global tariff from 10% to 15% after the Supreme Court found that the International Emergency Economic Powers Act does not permit sweeping tariff actions. The administration's move, permitted under existing trade law for up to 150 days, comes amid ongoing market sensitivity to trade …
The White House announced an immediate increase in a temporary tariff on imports from all countries to 15%, up from the 10% rate set earlier this week. The move follows a Supreme Court ruling that invalidated portions of a prior tariff program, and the administration says the higher duty will be used as an interim measure while new, legally vetted …
The U.S. Supreme Court's decision to invalidate tariffs imposed under the International Emergency Economic Powers Act (IEEPA) is likely to provide only modest relief to apparel and footwear companies, according to Evercore ISI. While the ruling briefly improved sentiment in the softlines sector, Evercore's policy team expects roughly 80%–90% of the…
The U.S. Supreme Court's ruling that the International Emergency Economic Powers Act (IEEPA) does not authorize presidential tariffs removes a legal basis for a portion of U.S. trade duties and could depress the effective tariff rate in the near term. Barclays says investors should monitor possible tariff refunds of up to $175 billion, implications…
BCA Research warns that a persistent 10% fall in U.S. equity markets could erode roughly $7 trillion in household wealth and trim consumer spending by about $280 billion, equal to nearly 0.9% of GDP. The firm notes that while headline GDP was weighed down by government-related drag, private demand remains resilient, but mounting artificial intellig…
BCA Research projects that U.S. trade tensions will remain fairly constrained through 2026 due to legal and political checks, but could reopen after the next political cycle in 2027. A recent Supreme Court ruling narrowing the president's emergency-tariff authority, together with midterm election dynamics, makes a large near-term tariff escalation …
In a decisive opinion, the U.S. Supreme Court ruled that President Trump exceeded his authority by using the International Emergency Economic Powers Act to impose broad tariffs on nearly all U.S. trading partners. The decision, authored by Chief Justice John Roberts and issued in a 6-3 vote, struck down the tariffs outright and underscored the cour…
A senior European Central Bank policymaker warned that the recent sharper-than-expected decline in euro zone inflation warrants close monitoring, highlighting a surge in Chinese imports and lower import prices as a major disinflationary force. He said staff projections due in March will be important for policy calibration and stressed that risks to…
UBS cautions that recent increases in U.S. productivity are unlikely to be driven by widespread artificial intelligence deployment. The bank highlights low measured AI implementation at scale, minimal capital spending tied to AI, and no major changes in hiring as reasons why AI cannot yet account for the productivity improvement.
