Poonkulali Thangavelu

Inflation rate rose by 2.3% in April, CPI report shows. Here's what the data means. https://t.co/1NWod0Fn6t via @cbsmoneywatch

Powell: Tariffs announced were higher than anticipated and administration's trade talks could change the picture. It's important to see how that shapes up and #Fed can't make conclusions. We see shipping data and all that. but it's up to the administration to take action.

Powell: If #Fed's two goals are in tension, it could be a challenging situation. In 2022, it was clear that we had to focus on inflation. Right now, there is no need to make a choice and there is no basis for doing this. Can't speculate on fiscal policies relating to spending.

Powell: #Fed will not play big role relating to climate policies, haven't done much. it's dangerous for us to take on things not related to our mandate. Fed also hasn't had target employment rates for individual groups.

Powell: If businesses and individuals continue to postpone economic decisions, could have a negative impact, but it hasn't yet happened. #Fed doesn't see impact in actual data yet, such as credit card spending.

Powell: Trump's call for rate cuts doesn't affect our goals. #Fed will only consider data, outlook. Uncertainty about the path of economy is "extremely elevated" but risks to employment, inflation haven't materialized yet. We will wait and watch until we get more clarity.

Powell: Given the scope and scale of tariffs, at current levels we might see delay in progress towards our goals. In 2019 we cut pre-emptively, now we have inflation above target, expectation of upward pressure on inflation. #Fed can't be preemptive now until we see more data.

Powell says #Fed is well positioned to wait and see how things evolve with tariff situation. Administration is in tariff talks, Fed can be patient. There is too much uncertainty currently and everyone is waiting to see how developments play out.

#Powell says tariffs being considered are significantly bigger than anticipated. If this large increase is maintained, could cause rising unemployment & inflation which could persist. Fed may find its dual mandate goals (stable inflation, max. employment) to be in conflict.

Fed maintains rate in 4.25-4.5% range, says uncertainty about economic outlook up, continues b/s runoff. Rising imports (ahead of any tariff impact) have affected data, economy continues "solid pace" of growth. Inflation, unemployment risks up. Fed will continue with data watch.

Capital One's acquisition of Discover is set to close this month. Will it open up new markets for the "digital first" bank, benefiting shareholders? Will Capital One benefit from network effect with Discover acquisition? https://t.co/iNTSNa3P60 https://t.co/UyYhBlcMt1

RT @EdKrassen: BREAKING: Warren Buffett moments ago at the 2025 Berkshire Hathaway annual shareholder meeting just came out against Trump's…

April #jobsnumbers up 177K, unemployment rate steady at 4.2%, labor participation edges up to 62.6%. Temp help jobs, a leading indicator, up. Earnings gain 3.8% over year. Feb., March job gains revised down. Fed will likely maintain wait, watch stance, take no rate action in May.

RT @cnnbrk: US inflation slowed last month while consumer spending continued to fuel the economy as uncertainty looms over Trump's tariffs…

RT @SteveRattner: The shrink in GDP was driven by a surge of imports in anticipation of tariffs, as well as a drop in consumer and governme…

The Gap has seen an uptick in comparable sales following efforts to make its brands more relevant. It is likely to feel the impact of tariffs though. Is the stock a buy? The Gap is looking to bridge the generation gap, appeal to multiple age groups https://t.co/ralVEGwiPb

RT @CNBC: Home sales last month dropped to their slowest March pace since 2009 https://t.co/Tzpz86d43x