Federal Reserve officials are expressing concerns about the potential inflationary impact of tariffs. Governor Kugler anticipates larger price increases due to President Trump’s tariffs in 2025, supporting steady interest rates if inflation risks persist. Presidents Schmid and Harker also highlighted the unsettling economic outlook and potential for tariff-driven price pressures.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,