08 Oct
Chapter News

NY Fed | Short-Term Inflation Expectations Continue to Tick Up; Labor Market Expectations Deteriorate

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the September 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short- and longer-term horizons and were unchanged at the medium-term horizon. Despite a small rebound in the expected job finding rate, labor market expectations continued to deteriorate with consumers reporting lower expected earnings growth, greater likelihoods of losing jobs, and a higher likelihood of a rise in overall unemployment. The...

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07 Oct
Member News

Panitch Schwarze | Challenging a Granted U.S. Patent

By: Dennis J. Butler A granted U.S. patent can be challenged through various administrative procedures under U.S. patent law at the U.S. Patent and Trademark Office (“USPTO”), which are designed to provide a faster, cheaper alternative to challenging the patent in a federal court litigation. The most common administrative procedures include ex parte reexamination, inter partes review and post grant review. 1. Ex Parte Reexamination Ex parte reexamination allows a third party or the patent owner themselves to request that the USPTO reexamine a granted U.S. patent. Ex parte reexamination is...

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07 Oct
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Going Against the Grain: New 10–50% Tariffs on Imported Timber and Lumber

By Luis F. Arandia Jr., Adetayo Osuntogun, and Michelle Rosario, Barnes & Thornburg LLP On Sept. 29, 2025, the White House issued a presidential proclamation imposing tariffs of 10 to 50 percent ad valorem on timber, lumber, and derivative wood products imported into the United States. These tariffs were imposed under Section 232. Citing national security concerns, the proclamation follows a U.S. Department of Commerce investigation which concluded that rising imports threaten the U.S. wood industry’s ability to support critical infrastructure and...

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07 Oct
Chapter News

ECB | Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament It is a pleasure to be with you again for our regular dialogue. In recent months we have faced a period of heightened uncertainty. Yet, despite these challenges, the euro area economy has held up well. This resilience is no coincidence. It reflects, in no small part, the strength of two achievements we sometimes take for granted: our Single...

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07 Oct
Chapter News

IMF | Economic Uncertainty Can Test the Resilience of the Foreign Exchange Market

By: Andrea Deghi, Mahvash S. Qureshi, Tomohiro Tsuruga Policymakers should enhance market surveillance through systemic risk monitoring including stress testing and scenario analysis Foreign exchange is the largest and most liquid financial market, with nearly $10 trillion changing hands daily. It’s the underpinning for global trade and finance—and its structure is changing as nonbank financial institutions, or NBFIs, assume a larger role in transactions used to manage currency risk and access to foreign funding. The market’s central role in the international monetary and financial system makes it...

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06 Oct
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – China hits back, truck tariffs, air cargo demand up, fight over the control of global ports, and the evolution of export-ready packaging.

Is China slapping back? The country has amended its maritime regulations, potentially imposing countermeasures such as higher port charges or even barring U.S.-service vessels from Chinese ports. The rules, aimed at countries imposing discriminatory restrictions on Chinese shipping, just raised the stakes in the trans-Pacific trade dispute. In response, some carriers are already shifting vessel deployment. Be prepared for the changes to impact costs, routing, and supply chain resilience for shippers on both sides. A 25% truck tariff aims to shield U.S. truck...

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06 Oct
Chapter News

IMF | Good Policies (and Good Luck) Helped Emerging Economies Better Resist Shocks

By Marijn Bolhuis, Arindam Roy, Patrick Schneider, Zhao Zhang Stronger fiscal and monetary policy frameworks and more developed local currency debt markets have supported emerging market resilience Emerging market economies have held up remarkably well in recent years, even after periods of global financial turbulence. While favorable external conditions (in other words, good luck) often helped, it’s clear that good policies matter. In the past, “risk-off” episodes—when global investors indiscriminately sold riskier assets—often hit emerging markets especially hard. They triggered sharp capital outflows and tighter...

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06 Oct
Member News, Trade & TTIP Related

Citi | Tariffs & Global Resilience — Waiting for Another Shoe to Drop

Highlights • We expect global growth to slow below 2% in the second half of 2025 before rebounding to 2.5% in 2026. • We anticipate that tariffs will increasingly bite, driving prices higher, reducing real incomes and causing real spending to decline. • Despite that, we see the tariff-related divot in global economic activity as smaller and more short-lived than feared as 2025 began. In a new report from Citi Research, Chief Economist Nathan Sheets and a team of analysts and economists outline...

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06 Oct
Member News

Eversheds Sutherland | At Least One in Three US Companies Unprepared to Tackle National Security Compliance Risks, Eversheds Sutherland Report Finds

C-suite executives and in-house legal counsel split on risk strategies and compliance ownership WASHINGTON | A third or more of US companies are not fully prepared to address key national security compliance risks facing their organizations despite the notable legal, financial and operational consequences, according to Eversheds Sutherland’s 2025 US National Security Compliance Risk and Readiness Report. Nearly a quarter of the national security compliance professionals surveyed cannot fully articulate their company’s national security risk profile, potentially complicating efforts to prioritize resources. These critical...

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03 Oct
Member News, Trade & TTIP Related

Jaguar Freight | A Looming Court Decision on Tariffs, Changing Trade Lanes, and the U.S. Warehousing Crunch Continues

Global Ports The Headlines: U.S. trade policy is having a notable impact on global trade, despite months of delays and uncertainty. Data shows that in August, China began shipping more to ASEAN countries and less to the U.S., while also bringing attention to the issue of illegal transshipment. The upcoming U.S. port fees are also reshaping trade lanes, with many Chinese-built ships being rerouted to non-U.S. trades. The dynamics of the global supply chain trade (and the ports it relies...

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