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ANALYSIS-US Supreme Court ruling offers little respite for global economy
US Supreme Court ruling ushers in new uncertaintiesGlobal economy had broadly held up to Trump tariffsBilateral US trade deals may now be reviewedBy Mark John and Philip Blenkinsop LONDON, Feb 20 (Reuters) - While the U.S. Supreme Court's ruling on Friday against President Donald Trump's ...Reuters
Fri, Feb 20
President Trump: I am allowed to cut off all trade with a country
United States (US) President Donald Trump said on Friday he is deeply disappointed of certain members of the Supreme Court after it ruled that his sweeping tariffs are illegal. In a press conference in Washington DC, Trump has vowed to impose a 10% "global tariff" using an alternative law.Fxstreet
Fri, Feb 20
Treasury's Bessent says he's optimistic on labor market
Feb 20 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Friday he is optimistic the labor market will break out of its current low-hire, low-fire environment, pointing to signs he sees of stronger labor demand ahead. Business spending on AI data centers surged last year, he noted, and "...Reuters
Fri, Feb 20
What to Watch in the Week Ahead and on Monday, February 23
ON MONDAY On the U.S. economic front, the Census Bureau is expected to release factory orders data for December, which likely fell 0.5% after a gain of 2.7% in November. Federal Reserve Governor Christopher Waller is expected to speak on the economic outlook before the National Association f...Reuters
Fri, Feb 20
Fed's Logan sees inflation easing, says rate policy 'well positioned' for risks
Dallas Fed's Logan sees inflation ebbing but unclear if 2% target in sightLogan says monetary policy well positioned to deal with risksShe says Supreme Court tariff ruling brings more uncertainty By Michael S. Derby NEW YORK, Feb 20 (Reuters) - Dallas Federal Reserve President Lorie Logan...Reuters
Fri, Feb 20
Trump says some trade tariffs won't stand
WASHINGTON, Feb 20 (Reuters) - U.S. President Donald Trump on Friday told a briefing that some trade tariffs imposed by the U.S. under a law meant for national emergencies would not stand, adding that they would be replaced by other tariffs.Reuters
Fri, Feb 20
US Supreme Court strikes down Trump's global tariffs
Chief Justice Roberts authors 6-3 ruling against TrumpTrump calls ruling terrible, criticizes justices Supreme Court says Trump exceeded his authorityTrump invoked law meant for emergencies to impose tariffsLower courts ruled Trump acted unlawfully in doing soConstitution gives Congress the authorit...Reuters
Fri, Feb 20
Trump, mentioning Fed chair pick, says interest rates should come down substantially
WASHINGTON, Feb 20 (Reuters) - U.S. President Donald Trump on Friday, citing his pick to succeed Federal Reserve Chair Jerome Powell, said he expected interest rates to come down substantially."We have a very incompetent Fed chairman who likes high interest rates - for political reasons he likes...Reuters
Fri, Feb 20
WRAPUP 3-Government shutdown dents US economic growth in fourth quarter; inflation heats up
Fourth-quarter economic growth increases at 1.4% rateConsumer spending slows; inflation heats upBusiness investment on research and development acceleratesBy Lucia Mutikani WASHINGTON, Feb 20 (Reuters) - U.S. economic growth slowed more than expected in the fourth quarter, with government spendin...Reuters
Fri, Feb 20
Trump says any tariff refunds could take years to litigate
WASHINGTON, Feb 20 (Reuters) - President Donald Trump on Friday told a briefing that it was not clear if or when there would be any refunds after the U.S. Supreme court struck down his sweeping tariffs, adding that the matter could take years to litigate.Reuters
Fri, Feb 20
Trump says he will sign order imposing a 10% global tariff
WASHINGTON, Feb 20 (Reuters) - U.S. President Donald Trump on Friday told a briefing he would sign an order to impose a 10% global tariff under Section 122 of the 1974 Trade Act and would initiate several other investigations as well.Reuters
Fri, Feb 20
