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.
Politics Mar 06 WATCH: Trump signs orders postponing some tariffs on imports from Mexico and Canada President Donald Trump on Thursday postponed 25 percent tariffs on many imports from Mexico and some imports from Canada for a month amid widespread fears of the economic fallout from a broader trade war.
Politics Mar 06 For a second time, Trump delays tariffs on most goods from Mexico Trump's announcement comes after his Commerce Secretary, Howard Lutnick, said tariffs on both Canada and Mexico would "likely" be delayed.
Economy Feb 28 Consumers cut spending by most in four years last month Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy.
Politics Feb 21 Could Trump really give money from Musk's DOGE cuts to taxpayers? If Musk's target of $2 trillion in spending cuts is achieved by next year, supporters of the idea say that about one-fifth of those funds could be distributed to taxpaying households in checks of about $5,000. But budget experts say…