Happy Juneteenth! Since the BI TODAY team left for the holidays, we head an abbreviated version of the newsletter.
But we still have time for a scoop! The Meta agreement with the AI ​​scale has left its large technological customers wishing to distance themselves from the company.
In today’s big history, the Fed is firm on interest rates while the president of the Fed, Jerome Powell, is waiting to see the impact of Trump’s prices. However, some people already feel them.
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Stop me if you’ve heard that: the Fed has not reduced interest rates because it is waiting to see the impact of prices.
For the fourth consecutive period this year, the central bank has chosen not to adjust interest rates. And as was the previous case, the impact of the trade war of President Donald Trump was a key element of the decision, writes Allie Kelly de BI.
It is difficult to navigate for several reasons. First, the ultimate severity of the prices is not clear because the negotiations are underway. Second, financial data has not yet indicated significant price changes due to the trade war.
However, Powell said he was finally expecting the cost of prices going to fall to the consumer.
“We expect a significant amount of inflation to arrive in the coming months,” said Powell on Wednesday, adding: “Someone has to pay the prices.”
In some cases, this is already happening. (To the customer’s surprise.)
Emily Stewart de Bi has a story about the shock of stickers that customers get when steep import bills arrive at their door.
Some people have even questioned the legitimacy of bills. A customer who bought a bag of $ 850 in Spain thought that the text she had obtained from up on her $ 250 invoicing for delivery was a scam, she told Emily.
This has led to the fingers on which is to blame. Retailers often say that their websites explain – although often in small print – that import rights are the responsibility of customers.
Transporters like UPS and Fedex say they simply adopt the bill they had to pay to the US government to buyers.
Meanwhile, buyers are frustrated by additional costs that they often did not know in advance. Worse still: even if they return the article, they are always on the hook for the price invoice.
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Today’s initiate team: Dan Defrancesco, editor -in -chief and anchor, in New York. Hallam Bullock, publisher, in London. Akin Oyedele, assistant publisher, in New York. Ella Hopkins, assistant editor, in London. Grace Lett, publisher, in Chicago. Amanda Yen, assistant editor, in New York.
Read the original article on Business Insider
