• Feb 03, 2025

Collins Says Fed Could ‘Look Through’ Initial Tariff Price Hit

(Bloomberg) -- Federal Reserve Bank of Boston President Susan Collins said the US central bank is unlikely to react to the impact of tariffs on prices so long as officials don’t see signals of higher, persistent inflation.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeHistoric London Elevat

  • Feb 03, 2025

Factbox-How Trump's tariffs will impact corporate profits, inflation

U.S. President Donald Trump's tariffs on Canada, Mexico and China have the potential to impact corporate profits, as well as to dictate the path of inflation, economic growth and stock market performance, analysts said. While Mexico-exposed names recouped some losses after Trump agreed to delay new tariffs on Mexico for one month, investors were still assessing the fallout of the sweeping tariffs. COMPANIES AND PROFITS - Goldman Sachs expects the announcements to reduce its S&P 500 earnings per share (EPS) forecasts by about 2% to 3%.

  • Feb 03, 2025

Trump's tariffs have slammed the crypto market and crypto stocks. Here’s why

President Donald Trump has begun a new trade war with Canada, Mexico, and potentially China, and this has had a significant ripple effect on the broader financial landscape, including the cryptocurrency market. Trump’s latest move involves imposing a 25% tariff on imports from Canada and Mexico, while Chinese imports will be taxed at 10%.