Charting the Global Economy: US tariffs launch proves messy; ECB cuts rates

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Charting the Global Economy: US tariffs launch proves messy; ECB cuts rates - Economic Times

Quick Summary:

President Trump's unpredictable tariff policies are causing confusion among businesses and trading partners, accompanied by economic warning signs such as growing unemployment.

Friday’s report is the latest evidence that the labor market is softening, with more people permanently out of work, fewer workers on federal government payrolls and a jump in those working part-time for economic reasons.

Separately, the European Central Bank lowered interest rates for the sixth time since June and indicated that its cutting phase may be drawing to a close as inflation cools and the economy digests seismic shifts in geopolitics.