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USA CPI hits record high, does the Global market gain from misfortune? Bank of America Hartnett: Trump's "soft spot" has been exposed.
Analyst Michael Hartnett pointed out that inflation in the USA is surging, indicating that in the coming months, Trump must "play small" on tariffs and immigration issues instead of making "big moves" to avoid triggering a second wave of inflation.
The expectations for tariffs continue to ferment, causing significant fluctuations in Copper within a week.
Recently, the main factors driving the prices of gold and copper are expectations regarding tariffs. In addition to the anticipated 25% tariffs on Canada and Mexico, many Institutions predict that the Trump administration may impose a 10% tax on imported refined copper. Gold and copper prices on COMEX continue to strengthen, especially the premium of copper prices compared to other market prices has rapidly widened, reaching a historic high. On Friday, copper prices fell sharply; on one hand, USA retail data showed significant weakness, and on the other hand, there may be new news about tariffs, causing price spreads to narrow significantly as prices fell, with gold prices also following suit in the correction.
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Huat Biggest : end of war in Ukrainian
BeginnerInSingapore OP : and why?
BeginnerInSingapore OP : if Musk does his job well ans cuts spending, there will be less debt and interest rates should come down . am i wrong?
thoughtful Bat_8163 BeginnerInSingapore OP : the spending he cuts is just a penut compared with the debt. if he operats on pentagon and military, it might be different . Currently it is just a warning and basically a show. but the end of the war is very helpful becase it has made the inflation worse