Economy

European Luxury Goods Industry Faces Major Downturn Amid New US Tariffs

European luxury sales expected to drop by 2% following US tariffs, marking the worst downturn in two decades.

#luxury goods, #tariffs, #economy, #european union, #trade tensions

Federal Reserve Holds Rates Steady Despite Tariff-Induced Economic Uncertainties

Federal Reserve Chair Jerome Powell announced the central bank's decision to maintain current interest rates amid economic uncertainties caused by new tariffs, contrasting with President Trump's call for immediate rate cuts.

#federal reserve, #interest rates, #tariffs, #economic policy, #trump administration