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  • Apr 16, 2025

Fed's Schmid says patience needed to see how tariffs play out

"I just think that we've got to, we've got to be a little patient to see how some of these things play out," Schmid said in a webcast conversation with Dallas Federal Reserve Bank President Lorie Logan at a Dallas Fed event. At the end of the day, he said, the Fed will "react in a positive way to any of those disruptions that might affect that dual mandate," referring to the Fed's mandates of achieving both price stability and full employment.

  • Apr 16, 2025

Despite quarterly loss and battered stock, Triumph Financial stays aggressive

Even in the midst of a sharp drop in his company’s stock price and a freight market that is not supporting the bottom line at Triumph Financial, CEO Aaron Graft touted milestones reached and signaled a new aggressiveness in pricing the company’s products. In his quarterly letter to investors released in conjunction with the company’s […] The post Despite quarterly loss and battered stock, Triumph Financial stays aggressive appeared first on FreightWaves.

  • Apr 16, 2025

BHP says tariff impact on global economy could be significant

(Reuters) -BHP Group said that an escalating trade war could harm the world economy and adaptation was key to sustaining global growth, as it reported a slight decline in iron ore production in the third quarter on Thursday. The direct impact on BHP of the tariffs unleashed by U.S. President Donald Trump this month was limited, the mining giant said. Trump has since postponed some of the duties, but has increased levies on China even further.

  • Apr 16, 2025

Tariff-wounded stocks find no balm with Powell remarks

NEW YORK (Reuters) -Investors who may have been hoping the Federal Reserve is poised to come to the aid of tariff-rattled markets took away an unwelcome message from the central bank's chief on Wednesday: the Fed may be in a bind. Fed Chair Jerome Powell said the central bank would wait for more data on the economy's direction before changing interest rates. Speaking to the Economic Club of Chicago, he noted that there was a potentially tough situation developing for the Fed in which inflation is pushed higher by tariffs while growth and potentially, employment, weaken.

  • Apr 16, 2025

ECB cuts rates on weak growth, markets bet on more easing

The European Central Bank cut interest rates for the seventh time in a year on Thursday and warned that economic growth will take a big hit from U.S. tariffs, bolstering bets for even more policy easing in the months ahead. The ECB has taken borrowing costs to their lowest level since late 2022 as the sharp post-pandemic inflation spike has largely disappeared and fast-moving changes to trade policies sap business confidence and depress growth. "Downside risks to economic growth have increased," Lagarde told a press conference after policymakers agreed unanimously to cut the ECB's benchmark rate by 25 basis points to 2.25%.

  • Apr 16, 2025

Trump's trade war ripples through the business world, hits stocks again

(Reuters) -The ripple effects of Donald Trump's global trade war are increasingly being felt across numerous industries all at once and on Wednesday were once again exerting pressure on U.S. stock markets that have been roiled for weeks by his erratic trade policies. Stocks fell broadly, with tech stocks hit particularly hard after bellwethers like Nvidia that are highly tied into the world's supply chain warned of hits to their bottom line. Meanwhile, airlines said they are bracing for an uncertain summer travel season, and the head of the Federal Reserve noted slowing economic activity - but also cast a wary eye on the threat that tariffs pose to its goal of lowering inflation.

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