IRELAND: Trump-Ireland Took Our Pharma & Other Companies Thru Taxation
Mar-12 16:24
Taoiseach (PM) Micheál Martin is meeting with US President Donald Trump in the Oval Office (live here). Trump says "Irish took our pharmaceutical and other companies away through taxation".
- Trump asked by Irish reporter about Irish "housing crisis". Trump says: "You know why there is a housing crisis. Because they are doing so well"."
- Trump: "The EU was set up in order to take advantage of the United States". Including Ireland, yes"
- Trump: 'Tax policy would stop Ireland from taking business'.
- Says there is still a "massive deficit" with Ireland and "We are going to even that out".
- At the start of his visit, Martin acknowledged "I am very, very conscious that in a very challenging world, thousands and thousands of jobs depend on the economic relationship between the United States and Ireland,"
- Reuters: "Ireland's Central Statistics Office said the deficit was a record 50 billion euros ($54.2 billion) last year. Using a different measure, the U.S. Bureau of Economic Analysis put it at $87 billion, ahead of Canada and Germany and behind only Vietnam, Mexico and China."
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FED: US TSY 13W AUCTION: NON-COMP BIDS $2.291 BLN FROM $84.000 BLN TOTAL
Feb-10 16:15
- US TSY 13W AUCTION: NON-COMP BIDS $2.291 BLN FROM $84.000 BLN TOTAL
FED: US TSY 26W AUCTION: NON-COMP BIDS $1.838 BLN FROM $72.000 BLN TOTAL
Feb-10 16:15
- US TSY 26W AUCTION: NON-COMP BIDS $1.838 BLN FROM $72.000 BLN TOTAL
US DATA: NY Fed Near-Term Inflation Expectations Bely U.Mich Jump
Feb-10 16:13
- The NY Fed consumer survey saw 1Y and 3Y inflation expectations unchanged in January at 3.0% although the 5Y bounced three tenths after a two tenth decline to 3.0% for its highest since May.
- 1Y inflation expectations have been particularly steady in recent months, averaging 3.0% since June in a 2.9-3.0% range.
- That’s in contrast to the U.Mich equivalent which has ramped up to 4.3% as of last week’s preliminary February release after 3.3% in July, but does have a pronounced issue with partisanship. It was 2.8% prior to Trump’s inauguration and 2.7% prior to the November presidential election.
- That said, the NY Fed’s 5Y metric is likely to be watched from here, with the 3.0% at joint highs for the limited history back to Jun 2022.
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