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Fed's Goolsbee: Rate cuts still possible if economy gets back on track

NEW YORK (Reuters) -Federal Reserve Bank of Chicago President Austan Goolsbee said Thursday high levels of uncertainty amid very aggressive trade tariffs argues for a wait-and-see approach to monetary policy, amid signs the U.S. government bond market is holding up under a period of high stress. The bar for action on monetary policy "is a little higher" at the moment as central bankers scour the data to see how the economy is reacting to actions taken by the Trump administration to make a wide range of import prices sharply higher. Goolsbee noted that the tariffs pursued by President Donald Trump, even as they've been pulled back, are still very high and will impact the economy in a way that's hard for monetary policy to deal with.

US Slashes Its Outlook for Global Oil Demand Growth in 2025

(Bloomberg) -- The US slashed its forecasts for global oil demand growth and domestic crude production as US President Donald Trump’s tariff moves puts a cloud over the economic outlook.Most Read from BloombergMidtown Office Building Evacuated on Concerns of Wall CollapseIn Chicago, a Former Steel Mill Looks to Make a Quantum LeapThe Secret Formula for Faster TrainsHelicopter Crashes Into Hudson River With Multiple FatalitiesInside the Quiet, Extravagant Expansion of the Frick CollectionGlobal o

Chinese tea brand Chagee targets $5.1 billion valuation in US IPO amid choppy market conditions

Chinese tea chain Chagee said on Thursday it was targeting a valuation of up to $5.1 billion in its U.S. initial public offering, braving choppy market conditions. Market volatility stemming from uncertainty over U.S. trade policy has tempered IPO activity as companies adopt a wait-and-see approach before proceeding. Shanghai-based Chagee is seeking up to $411 million by offering nearly 14.7 million American depositary shares priced between $26 and $28 each.

MillerKnoll, FedEx, Resideo, Matrix Service, and 3M Stocks Trade Down, What You Need To Know

A number of stocks fell in the afternoon session after stocks gave back some of the gains from the previous day as the White House clarified the tariffs on imports from China would add up to 145%, while the baseline 10% tariffs remained in place for most countries. This reminded investors that the global trade environment remained volatile, limiting the potential for sustained market gains.

Mexican Central Bank Says US Trade Tariffs Can Undercut Economic Growth Outlook

(Bloomberg) -- Mexico central bank members see odds of a weaker economy this year due in part to US tariff uncertainty, an outlook that incorporates greater chances of recession but can help tame inflation.Most Read from BloombergMidtown Office Building Evacuated on Concerns of Wall CollapseIn Chicago, a Former Steel Mill Looks to Make a Quantum LeapThe Secret Formula for Faster TrainsHelicopter Crashes Into Hudson River With Multiple FatalitiesInside the Quiet, Extravagant Expansion of the Fric