Politics Apr 30 As Trump trade wars disrupt businesses, U.S. economy shrinks 0.3 percent in first quarter The January-March expansion was the slowest in almost three years and was down from 2.4 percent in the last three months of 2024.
Nation Apr 29 As trade war stokes anxiety, consumer confidence plummets to COVID-era lows Americans’ confidence in the economy slumped for the fifth straight month to the lowest level since the onset of COIVD-19 as worries about the impact of tariffs take a heavy toll on consumer expectations for future growth.
Economy Apr 22 IMF drops global economic growth forecast amid uncertainty around Trump’s tariffs The forecasts are largely in line with many private-sector economists' expectations, though some do fear a recession is increasingly likely.
Politics Apr 16 WATCH: Powell says Fed can wait on interest rate moves as tariff battle with China continues The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday.
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.