Fed hikes rates under Warsh as Trump threatens EU tariffs

Bloomberg · 22 hours ago
Fed hikes rates under Warsh as Trump threatens EU tariffs
  • The Federal Reserve raised interest rates, and Treasuries along with US equity futures advanced the following day, reflecting growing confidence in Chair Kevin Warsh's commitment to fight inflation.
  • President Trump threatened to impose very serious tariffs on the EU if he judges its push for closer ties with Canada to be harmful to the US.
  • Rabobank's Jane Foley joined Bloomberg Brief to discuss the market reaction to the Fed's decision.

Quotes

US equity futures and Treasuries advance a day after the Federal Reserve raised interest rates boosting confidence in Chair Kevin Warsh's commitment to fight inflation.Bloomberg
President Trump threatens he will put very serious tariffs on the EU if he thinks its push for closer ties with Canada is harmful to the US.Bloomberg

Sources