Economy

Fed vs. inflation
Fed chairman meets Trump – emphasizes non-political

Federal Reserve Chairman Jerome Powell has met with Donald Trump at the White House, the central bank writes in a press release. But he did not discuss expectations for monetary policy – ​​instead, he emphasized that this will be shaped solely on the basis of economic data and what that information means for the outlook.

Powell also told the president that the Fed's monetary policy decisions will be made "solely based on careful, objective and non-political analysis", the central bank writes.

According to White House press secretary Karoline Leavitt, Trump is said to have told Powell that it is a mistake not to lower the key interest rate.

Donald Trump has on several occasions demanded that Powell lower the key interest rate and claimed that inflation has disappeared.

Elon Musk's X
Musk kept his promise – Wall Street avoided a billion-dollar loss for X

At the end of last month, seven banks divested their loans linked to Elon Musk's purchase of Twitter. This allowed Musk to fulfill his promise to the banks that they would not lose any money if they lent $13 billion.

When the last loans were sold, X made the unusual move to cover the losses, according to sources with insight. The loans were priced at a discount – 98 cents on the dollar – and X compensated for the difference.

– It was a bet on the world’s richest man and it paid off, a banker involved in the deal told the Financial Times.

Swedish taxes
S wants the rich to pay more in taxes – but it’s unclear how

The Social Democrats insisted on Thursday that the richest should pay higher taxes, but the party leadership does not want to say how this will work at this time, writes Aftonbladet.

The party refers to a tax review that will be carried out with broad support in parliament. Fiscal policy spokesman Mikael Damberg says that the reason why the rich often do not pay as much tax is that "there are exceptions, ways to move money".

- If you want to collect more tax revenue in a fair way, a tax review with broad tax bases and a functioning tax system is very effective, Damberg told the newspaper during the party congress in Gothenburg.

Other elements of the party's updated economic policy are to work for a state investment bank for climate-smart investments and state loans for the rearmament of the defense.

Food prices
Warns of deflation: "Prices do not follow"

Packaging is decreasing, but prices do not follow. This is what Ulf Mazur, CEO of Matpriskollen, told several news media.

According to Mazur, packaging has recently decreased for a number of goods, including candy, rice, bread, fabric softener and chewing gum.

The number of chewing gums per package has decreased to 21 from 25, and the number of diapers has decreased to 27 from 34.

“Making a package smaller is nothing strange, but shrinkage inflation also means that the price per unit or kilo increases,” says Ulf Mazur to TV4.

He points out that the phenomenon seems to apply to all types of goods and stores and that it is difficult for consumers to see the differences.