Fed vs. inflation
Powell: Tariffs behind higher inflation outlook
Fed Chairman Jerome Powell says that part of the upward revision of the inflation forecast is due to tariffs, but he does not want to say how much.
– Inflation has started to rise now, we believe, partly in response to tariffs and there may be a delay in further progress during the course of this year.
The central bank continues to expect two interest rate cuts in 2025.
Swedish inflation
Expectations for inflation are being raised significantly
Inflation expectations are rising sharply, according to a survey by Origo Group commissioned by the Riksbank, which Direkt has reviewed.
In a year, CPIF inflation is expected to amount to 2.3 percent, followed by 2.2 percent both the following year and in five years. This is a clear upward adjustment compared to the December survey, where forecasts were 1.7 percent for next year, 1.9 percent two years ahead and 2.0 percent five years ahead.
SEB's senior economist Robert Bergqvist writes on X that the warning bells continue to ring after this morning's figures.
"Worrying situation even if the deviation from the 2 percent target is marginal," he writes.
On Thursday, the Riksbank will issue a new interest rate announcement.
Trump's tariffs
Nvidia plays down the tariff threat: "Preparing production"
In the near future, the Trump administration's new tariffs will not cause any noticeable damage. This is what chip giant Nvidia's CEO Jensen Huang says in a CNBC interview.
- We have worked with TSMC to prepare them to produce chips here in the US, he says, adding that Nvidia also has good cooperation with Foxconn and Wistron.
In the interview, Huang also says that Nvidia is "as enthusiastic about building up the US as everyone else".
Political situation in Turkey
Economist after arrest: “Erdogan is rejected”
The Istanbul Stock Exchange fell 8 percent, the country's ten-year interest rate shot to its highest level in a year and the Turkish lira fell to record lows against the dollar. The Turkish market is reacting strongly to today's arrest of opposition politician Ekrem Imamoglu.
– Erdogan is rejected, that is the market's verdict and I believe it is correct, says Sparebank 1 Market's chief economist Harald Magnus Andreassen to E24.
Several experts the newspaper spoke to describe the country's monetary policy as having been mismanaged for a long time and that there are no signs of improvement.
Powell: Tariffs behind higher inflation outlook
Fed Chairman Jerome Powell says that part of the upward revision of the inflation forecast is due to tariffs, but he does not want to say how much.
– Inflation has started to rise now, we believe, partly in response to tariffs and there may be a delay in further progress during the course of this year.
The central bank continues to expect two interest rate cuts in 2025.
Swedish inflation
Expectations for inflation are being raised significantly
Inflation expectations are rising sharply, according to a survey by Origo Group commissioned by the Riksbank, which Direkt has reviewed.
In a year, CPIF inflation is expected to amount to 2.3 percent, followed by 2.2 percent both the following year and in five years. This is a clear upward adjustment compared to the December survey, where forecasts were 1.7 percent for next year, 1.9 percent two years ahead and 2.0 percent five years ahead.
SEB's senior economist Robert Bergqvist writes on X that the warning bells continue to ring after this morning's figures.
"Worrying situation even if the deviation from the 2 percent target is marginal," he writes.
On Thursday, the Riksbank will issue a new interest rate announcement.
Trump's tariffs
Nvidia plays down the tariff threat: "Preparing production"
In the near future, the Trump administration's new tariffs will not cause any noticeable damage. This is what chip giant Nvidia's CEO Jensen Huang says in a CNBC interview.
- We have worked with TSMC to prepare them to produce chips here in the US, he says, adding that Nvidia also has good cooperation with Foxconn and Wistron.
In the interview, Huang also says that Nvidia is "as enthusiastic about building up the US as everyone else".
Political situation in Turkey
Economist after arrest: “Erdogan is rejected”
The Istanbul Stock Exchange fell 8 percent, the country's ten-year interest rate shot to its highest level in a year and the Turkish lira fell to record lows against the dollar. The Turkish market is reacting strongly to today's arrest of opposition politician Ekrem Imamoglu.
– Erdogan is rejected, that is the market's verdict and I believe it is correct, says Sparebank 1 Market's chief economist Harald Magnus Andreassen to E24.
Several experts the newspaper spoke to describe the country's monetary policy as having been mismanaged for a long time and that there are no signs of improvement.
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