💥 US tariff revenue skyrockets 60% to $15 BILLION in April, a new all-time high! 🚀💸
This surge is attributed to President Trump's new tariffs on foreign nations, including a 10% baseline #tariff for most countries and a 25% tariff on steel and aluminum imports.
🚨 The Central African Republic’s (CAR) president launched a meme coin back in February, which skyrocketed 🌟 and then fell more than 97% 😱.
But the president posted about the #coin for the first time on Thursday 🤳, which excited some #crypto investors that the coin could go up again 💥. The coin rose more than 20% 📈 at one point on Thursday after the post.
At its high, the coin had a market cap of over $500 million 💸 in February, but it is now worth less than $20 million 💸.
🎯 Fed Chair Jerome Powell spoke at the Economic Club of Chicago on Wednesday and said that tariffs could cause inflation to go up, and economic growth to go down.
🟢 Powell said the Fed can best wait and see what the economic data looks like.
🟢 Trump has urged Powell to cut rates, but Powell says the Fed will remain independent from the White House.