Swiss Shoemaker On Trims Leadership With Hoffmann as Sole CEO

South Korea’s consumer inflation unexpectedly accelerated as weakness in the won helped boost import costs, giving the central bank an incentive to pause its monetary easing campaign when authorities gather to set policy later this month.

Federal Reserve Bank of Richmond President Tom Barkin said President Donald Trump’s tariffs could raise both inflation and unemployment, creating a big challenge for the central bank.

Markets were shaken again Monday by worries that President Donald Trump’s next tariff rollout will upend the global economy, pulling down US stocks as investors shifted into into havens like Treasury bonds and gold.