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CBS: U.S. Treasury Secretary and Trump Once Had Heated Debate on Tariff Policy

2025.04.16 12:40:33

On April 16th, CBS News, citing multiple sources, stated that although the White House has been attempting to claim that Trump administration officials have been unified on U.S. tariff policy, internal differences over the policy had emerged weeks prior to Trump signing the so-called "reciprocal tariff" executive order on April 2nd. A senior Trump adviser was reported to have warned in private conversations that some tariff proposals could have a catastrophic impact on global financial markets and send the U.S. economy into a downward spiral. CBS reported that U.S. Treasury Secretary Scott Bennett and Trump's trade and manufacturing policy adviser Peter Navarro had a confrontation in late March in the office of White House Chief of Staff Susan Wells. According to multiple sources, Navarro advocated for a uniform 25% tariff on $3 trillion worth of imported goods, while Bennett, a former Wall Street investor, warned that this move would trigger market turmoil and outlined various risk scenarios. The report said that there was constantly heated rhetoric being exchanged.
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Analysis: September Core PCE Below Expectations to Give Fed Green Light for Further Rate Cuts

On Friday, December 5, the U.S. Department of Commerce released a delayed key inflation indicator showing September inflation came in lower than expected. Held up by the recent government shutdown, the report further cleared the path for the Federal Reserve to cut interest rates. The core PCE price index—stripping out volatile food and energy costs—rose 0.2% month-over-month and 2.8% year-over-year. The monthly figure matched consensus expectations, while the annual rate was 0.1 percentage point below forecasts. Separately, data from the U.S. Bureau of Economic Analysis showed overall personal consumption expenditures (PCE) increased 0.3% month-over-month, with headline annual inflation at 2.8%. Both metrics met expectations. Fed officials rely on the PCE index as a key policy tool to gauge inflation. They consider both headline and core readings but typically view core data as a more reliable gauge of long-term inflation trends. The release was delayed by weeks amid the shutd

5 minutes ago

Bitcoin Deposit Sentiment Slowing Down, with a CEX Net Inflow of 145.36 BTC in the Last 24 Hours

As of December 5th, per Coinglass data, total net inflow across centralized exchanges (CEXs) hit 145.36 BTC in the past 24 hours. Top 3 CEX net inflows: - OKX: 459.97 BTC - Bitfinex: 360.07 BTC - KuCoin: 147.52 BTC Notably, Binance recorded the largest net outflow at 326.22 BTC.

5 minutes ago

U.S. Consumer Confidence Edges Up in December, Overall Sentiment Remains Cautious

**December 5th Update** University of Michigan Consumer Surveys Director Joanne Hsu reported Wednesday (Dec. 5) that the preliminary December Consumer Confidence Index rose 2.3 points to 53.3, with the increase within the margin of error. ### Key Highlights: - This month’s gain was **primarily driven by young consumers**. - Views on current economic conditions showed little change, but expectations improved: *personal financial expectations rose 13%*. - Upward trends spanned all age, income, education, and political affiliation groups. ### Notable Caveats: - The December Personal Financial Expectations Index remains **nearly 12% below year-start levels**. - Labor market expectations edged up slightly but remain sluggish. - Consumers noted minor improvements from November, but overall sentiment stays cautious—**high price pressures are a top concern**. ### Inflation Outlook: - 1-year inflation expectation: 4.1% (down from 4.5% in Nov.) → lowest since Jan. 2025,

5 minutes ago

PCE Unexpectedly Falls, Bitcoin Sees 1.06% Short-Term Rise

December 5: U.S. core PCE price index unexpectedly dropped to a 2.8% annual rate in September, marking a three-month low. In response, Bitcoin climbed 1.06% briefly, pushing above $91,000. ### 注：调整说明（符合美国语言习惯） 1. **日期格式**：采用美常用「Month Day」（无序数词后缀）； 2. **表述简洁性**：将「experienced a short-term increase」简化为「climbed...briefly」，「rising above」改为「pushing above」更符合市场动态表述； 3. **数字缩写**：若需更口语化可写「$91k」（美媒常用千位缩写），此处保留全写兼顾正式度； 4. **逻辑衔接**：用「marking」替代「hitting」更自然体现关联，「in response」强化因果，符合快讯信息传递逻辑。

5 minutes ago

The US core PCE unexpectedly fell to 2.8% in September, hitting a three-month low

On December 5th: The U.S. core PCE price index dropped to 2.8% year-over-year in September, unexpectedly hitting a three-month low. This marked the third consecutive month where market forecasts had called for 2.9%. (FXStreet)

5 minutes ago

The U.S. core PCE price index for September was released at 2.8%, below expectations of 2.9%.

On December 5th, the U.S. September Core PCE Price Index (year-over-year) was reported at 2.8%—below the expected 2.9% and matching the prior reading of 2.9%. (FXStreet)

5 minutes ago

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