April PCE Falls to 2.1%, Boosting Odds Fed Will Hold Rates Steady in Near Term

More information in our economic calendar.Personal income and expense paint mixed demand photo April also saw an increase of 0.8% in personal income, while disposable income posted a similar 0.8% profit. However, consumer spending increased by just 0.2%, which has been a slowdown for the first months. The actual personal consumption expenditure increased by only…

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US-China Trade War: Court Blocks Trump’s Liberation Day Tariffs; What’s Next?

The International Business court allegedly emphasized that the US Constitution gives the Congress, not the US President, the powers to regulate the business. It concluded that emergency powers do not override the Congress’ authority over commerce. The decision is a serious setback for President Trump, which is putting pressure on the US-Pasandida trade deals over…

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