Economy May 28 Key inflation gauge worsens as Americans' income and spending power erodes A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges for President Trump and congressional Republicans with midterm elections just five months away.
Economy May 13 Producer prices shot up 6%, adding pressure on companies to hike prices for struggling customers U.S. wholesale inflation came in hot last month.
Economy May 13 U.S. and China seek to repair damage from tariff war that sent trade into a freefall During a tumultuous 2025, the United States and China proved how much they could hurt each other in a trade war. Now Presidents Donald Trump and Xi Jinping are meeting in Beijing to repair some of the damage.
Economy May 12 Iran war hits home as gasoline prices fuel significant U.S. inflation jump The Labor Department's consumer price index rose 3.8% from April 2025 and up from a 3.3% year-over-year gain in March.
Economy May 08 U.S. employers add a surprisingly strong 115,000 jobs in April, while unemployment remains low The war has caused the biggest disruption of global oil supplies in history, but the conflict hasn't done much damage to the American job market so far.
Economy May 05 U.S. job openings largely unchanged in March despite Iran conflict Employers posted 6.87 million jobs in March, compared to 6.92 million in February, the Labor Department reported Tuesday.
Economy Apr 30 U.S. economy grew 2% from January-March, but Iran war clouds outlook “This is a split-screen economy.”…
Politics Apr 15 As Trump threatened to fire Powell, federal prosecutors showed up unannounced at the Federal Reserve building Two prosecutors and an investigator from U.S. Attorney Jeanine Pirro’s office were turned away on Tuesday by a building contractor and referred to Fed attorneys, according to someone familiar with the visit.
Economy Apr 14 IMF cuts the outlook for global growth in the fallout from from Iran war The Iran war has stalled the world's economic momentum this year, likely pushing growth lower compared to 2025, the International Monetary Fund warned Tuesday.
Economy Apr 14 U.S. wholesale prices surged 4% last month during the Iran war The surge in prices complicates the work of the inflation fighters at the Federal Reserve, who have faced intense pressure from President Donald Trump to lower their benchmark interest rate. But some Fed policymakers are inclined to raise rates instead,…