Economy Apr 10 Before Trump ramped up tariff threats, inflation was cooling Consumer prices rose just 2.4 percent in March from a year earlier, the Labor Department said Thursday. Economists warned that the data is mostly backward-looking and likely to be overtaken by the impact of the tariffs that President Donald Trump…
Politics Apr 04 WATCH: Fed Chair Powell warns Trump tariffs likely to raise inflation and slow economic growth Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than expected.”…
Economy Apr 03 How soon will prices rise? 4 questions about Trump’s reciprocal tariffs, answered Economists don’t share President Donald Trump’s enthusiasm for tariffs since they’re a tax on importers that usually get passed on to consumers. It’s possible, however, that the reciprocal tariffs could bring other countries to the table and get them to…
Politics Apr 03 Trump’s tariff gamble is a race against potential voter backlash The White House is gambling that other countries will also suffer enough pain that they will open up their economies to more American exports, leading to negotiations that would reduce the tariffs imposed Wednesday.
Politics Mar 19 WATCH: Fed keeps interest rate unchanged, sees slower growth, higher inflation ahead The Fed also now expects the economy to grow more slowly this year and next than it did three months ago, according to a set of quarterly economic projections also released Wednesday.
Economy Mar 17 Tariff threats, spending cuts put Federal Reserve in tough spot as it meets this week Ongoing tariff threats as well as sharp cuts to government spending and jobs have tanked consumer and business confidence, which could weigh on the economy and even push up unemployment.
Economy Mar 17 U.S. shoppers mildly increased spending in February as anxiety over the economy rises US shoppers stepped up their spending a just bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount.
Politics Mar 12 U.S. inflation slows for first time in six months, trade war threatens to hike prices The consumer price index increased 2.8% in February from a year ago, Wednesday's report from the Labor Department showed, down from 3% the previous month.
Economy Mar 11 What is a recession? Here’s why anxiety is rising about falling into one For now, the economy appears to be stable. Still, fears of a downturn are rising as investors, economists and business executives are realizing that President Donald Trump's import taxes are much more at the forefront of his economic policy this…
Economy Mar 08 WATCH: Fed Chair Powell says interest rates on hold amid broad economic uncertainty The Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump's policies to resolve, Chair Jerome Powell said Friday at a conference in New York.