Chicago Federal Reserve Bank President Austan Goolsbee on Monday said businesses are anxious about U.S. President Donald Trump's tariffs but that the central bank would need to look at "hard data" in its policy response.
Goldman Sachs forecasts a decline in Brent and WTI oil prices to $62 and $58 per barrel, respectively, by December 2025, and further to $55 and $51 by December 2026.
Malaysia is bracing for the possibility that US President Donald Trump’s tariffs will leave a lasting impact on its economy for years to come, given that nearly all of its trading and investment partners will be affected by the new regime.
Asian stock markets staged a modest recovery on Tuesday, rebounding from the previous session’s steep losses driven by escalating global trade tensions.
China refused to bow to what it called "blackmail" from the United States as a global trade war ignited by President Donald Trump’s sweeping tariffs showed little sign of abating on Tuesday, even as battered stock markets steadied.
Most Asian currencies steadied on Tuesday after logging steep losses in recent sessions on concerns over U.S. President Donald Trump’s plans a swathe of steep global trade tariffs.