Fed vs. Inflation
Sources: Outsider is Trump's favorite – could take over the Fed
In the shadow of Kevin Warsh, Kevin Hassett and Christopher Waller, Blackrock top Rick Rieder has emerged as the new favorite to take over the Federal Reserve, according to information provided to Bloomberg.
Sources with insight into the process state that Donald Trump likes that Rieder has never worked for the Federal Reserve and that he has a number of ideas about how the central bank should be reshaped. In addition, the bond market players who have been consulted have been positive about Rieder.
Swedish interest rates
The Riksbank is expected to continue to wait and see: "Comfortable situation"
The Riksbank is expected to leave the interest rate unchanged at 1.75 percent on Thursday. This is the forecast of all 11 analysts in Infront's survey.
Inflation is close to the target - CPIF came in at 2.1 percent in December - at the same time as economic activity is increasing. Even in the weak labor market, signs of improvement are visible, according to Direkt.
"This puts the Riksbank in a relatively comfortable situation," writes SEB.
Seven of the participants in the survey believe that the interest rate will be left unchanged for the rest of the year. Three analysts predict that the interest rate will be raised once and one expects a reduction to 1.5 percent.
The major bank sees a rotation from the US to Chinese tech
This week, clients at the investment bank UBS have sought protection from Donald Trump and the weakened dollar by moving assets to China and, above all, the country's tech sector. This was stated by investment manager Mark Haefele in an interview with Reuters.
What is attractive is a combination of relatively low valuations, political support and financial incentives.
- We particularly like Chinese tech because there is some success there, says Haefele.
A substantial boost for the bank's top management - received 420 million for 2025
Goldman Sachs paid CEO David Solomon 47 million dollars in compensation last year, equivalent to 420 million kronor. Bloomberg reports.
That's a 21 percent increase from 2024 and slightly more than what rival JP Morgan paid Jamie Dimon.
Solomon's base salary was $2 million. He also received a $45 million bonus.
The Tariff Crisis Canada-US Relations
Donald Trump Threatens Canada with 100 percent Tariffs
Donald Trump is threatening Canada with 100 percent tariffs on all Canadian goods if the country signs a trade deal with China, the president writes on Truth Social.
In the post, he sharply criticizes Canadian Prime Minister Mark Carney and warns that the country risks becoming a "landing port" for Chinese goods on their way to the United States.
Carney and Chinese leader Xi Jinping announced an agreement last week to lower tariffs to increase trade between the countries.
Political scientist: US credibility is constantly declining
Donald Trump's threat of 100 percent tariffs on Canada is further weakening the US's credibility in the global economy. This is what political scientist Jan Hallenberg, who works at the Swedish Institute for International Affairs, tells SR Ekot.
- His continued playing with these tariffs means that the US's credibility as an economic actor, especially in the area of trade, is constantly declining, he tells the radio.
Inga kommentarer:
Skicka en kommentar