Chapter News, New York Related News

NY Fed | Medium- and Longer-Term Inflation Expectations Unchanged; Consumers’ Pessimism About Their Future Financial Situations Increases

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the February 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations increased slightly at the short-term horizon but remained unchanged at the medium- and longer-term horizons. Households expressed more pessimism about their year-ahead financial situations in February, while unemployment, delinquency, and credit access expectations deteriorated notably. Meanwhile, spending growth expectations rose significantly. Average quit probabilities among those employed fell to the lowest level since...

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Member News

PwC | Highlights from the president’s first speech to a joint session of Congress

President Trump addressed a joint session of Congress on Tuesday, making it clear that he intends to continue the course he set when he took office on January 20. He reaffirmed broad-based tax cuts, increased tariffs, deregulation of US business, increased domestic energy production, along with maintaining America’s leadership in artificial intelligence (AI) and other critical technologies. He praised the work of the Department of Government Efficiency (DOGE) for cutting the size of government, the new measures to restrict...

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Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Tariffs, the Panama Ports Company, fees on Chinese-built ships, the drop in diesel prices, the impact of gaps in visibility, and February’s PMI.

Tariffs remain the most important story in supply chain. Last week was full of changes and new announcements – click here for an update by Jaguar Freight. Hong Kong-based CK Hutchison Holdings recently announced its intent to sell a 90% stake in the Panama Ports Company, raising concerns about escalating US pressure on Chinese investments. The US has been actively working to limit China’s global influence, such as its Belt and Road Initiative and its control over critical assets like the Panama Canal. The...

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Chapter News

The Fed | Agencies issue 2024 Shared National Credit Program report

Federal bank regulatory agencies today reported in the 2024 Shared National Credit (SNC) report that credit risk associated with large, syndicated bank loans remains moderate. However, the agencies noted weakened credit quality trends continue due to the pressure of higher interest rates on leveraged borrowers and compressed operating margins in some industry sectors. The agencies also noted that the magnitude and direction of risk in 2025 is likely to be impacted by borrowers' ability to manage interest expenses, real estate...

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Member News

Jaguar Freight | Tariff Update: March 7, 2025

The tariff landscape for importers remains fluid as new duties on Mexico, Canada, and China took effect this week, with additional announcements made. Here’s the latest on key developments. Mexico & Canada: The previously suspended 25% tariffs on Mexico and Canada were reinstated Tuesday, with an amendment (click to read) taking effect at 12:01 AM today. The details of tariff enforcement are becoming complicated. For example, any Mexican or Canadian origin goods that qualify for free entry under the USMCA will NOT...

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Member News

Vulcan View: The latest EU developments 3 March – 7 March

EU leaders approve “ReArm Europe” plan to boost defence spending European Commission President Ursula von der Leyen unveiled the key elements of her proposed “ReArm Europe” plan on Tuesday (4 March), aimed at strengthening the EU’s defence spending and capabilities in response to the current era of rearmament. The plan includes €150 billion in subsidised loans to help member states bolster their defences. EU leaders endorsed its main lines on Thursday (6 March) during a special European Council meeting. Finally, Ms. Von der Leyen...

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Chapter News

ECB | The gender gap at work is closing – but slowly

Blog post by Clémence Berson, Vasco Botelho, Luis Guirola Abenza, Laura Hospido, Friderike Kuik, Christiane Nickel and Manuel Rojo Lopez | The gender gap in labour markets is narrowing. But this process has slowed down. The ECB Blog gives an overview of recent developments for all euro area countries. The gender gap at work is closing – but slowly. Women are paid less for their work than men are. Inequality on the labour market keeps us from making the best use...

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Chapter News

European Commission | A Union of Skills to equip people for a competitive Europe

The Union of Skills will support the development of our Union's human capital to strengthen EU competitiveness. A key initiative of the first 100 days of this Commission, the Union of Skills will:   Deliver higher levels of basic skills, for example through the Basic Skills Support Scheme pilot; Provide lifelong opportunities for adults to regularly upskill and reskill, for example through a Skills Guarantee pilot; Facilitate recruitment by businesses across the EU, for example through a Skills Portability Initiative; Attract...

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Member News

EIB | President Nadia Calviño opens third edition of EIB Group Forum, highlighting security and economic prosperity as mutually reinforcing

The EIB Group Forum brings together senior policymakers, business leaders, academics, and civil society representatives to discuss Europe’s prosperity, security and global cooperation. President Calviño puts security of our societies at the heart of the EIB Group’s activity, thanks to investments in industries, security and defence, energy grids, green transition, social infrastructure and global partnerships.     The launch of the flagship EIB Group Investment Report calls for EU market integration, simplification and investments in innovation, echoing the most recent European Commission initiatives. Nadia Calviño, President of the European Investment...

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Member News

CLA | Tariffs: The Expected Impact on Transportation and Logistics

For transportation and logistics, chief concerns are the cost of trucks and steel as most are produced overseas. Whether or not you’re in the importing-exporting business, the planned tariffs are expected to impact most industries because every business needs goods — with many coming from other countries. For transportation and logistics, a chief concern is the future cost of trucks, as most are assembled in Mexico. The price of steel is also a concern, since most of it comes from Canada, Mexico, and Brazil via...

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