U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears

US Inflation to Show Some Relief Ahead of Tariff Impact

US inflation likely stepped down in March, thanks in part to a drop in energy costs, offering some relief to consumers before tariffs filter through the economy.

U.S. Fed signals caution on rate cuts as Trump tariffs raise inflation fear - National

U.S. Federal Reserve policymakers signalled caution on the potential for interest rate cuts amid concerns President Donald Trump's tariffs could boost inflation.

WTI's brief dip to $55 US a barrel has analysts urging wait-and-see approach

The West Texas Intermediate oil price dipped to $55.12 US per barrel early Wednesday, leaving analysts to speculate on what's around the corner at a time of mass economic instability.

Fed warns tariffs on China may raise inflation, slow US growth

Earlier today, China announced that it has filed a formal complaint with the World Trade Organization (WTO) in response to the latest tariffs.

The US continues to raise tariffs on imports from China to 125 percent. For other countries, however, tariffs are suspended for the first time, as Trump wrote on "Truth Social."

To the general surprise, the US president revealed this Wednesday evening via a post on his Truth Social network that he was suspending for a period of three months the additional customs duties imposed on his trading partners since this morning. Only exception: China, which...