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Charting the Global Economy: US Inflation Picks Up Before Tariffs

(Bloomberg) -- Consumer spending was weaker than expected again in February while a key inflation metric picked up, in a double whammy for the US economy before the brunt of tariffs.Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordMar

No longer 'poor but sexy?' Berlin's economic rise comes at a price

The Art House Tacheles used to be the epicentre of the alternative art and culture scene in Berlin, an impressive five-storey building in the heart of the capital dating back to 1908 and occupied by artists after the fall of the Berlin Wall. For Oliver Putzbach, a 52-year-old Berlin native who used to live nearby, Tacheles' transformation symbolises that of the capital itself. While its economy grows and investment capital pours in, long-time residents like Putzbach fear it is losing its edgy character and bohemian charm that had its former mayor famously declaring over two decades ago that Berlin was “poor but sexy."

The Eyes Of The Fed Are On Tariffs

The trajectory of the economy largely depends on how President Donald Trump's tariff-raising spree turns out, according to Federal Reserve officials who made public remarks this week. Several said they expected the tariffs to push up prices, and were concerned the inflation boost would not be short-lived.