Oct 14 IMF upgrades U.S. economic outlook as tariffs cause less disruption, for now By Chris Rugaber, Associated Press The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected. Continue reading
Oct 09 Pope Leo condemns economies that marginalize the poor while the wealthy live in a bubble of luxury By Nicole Winfield, Associated Press The Vatican released the document, entitled "I have loved you," which Francis had begun to write in his final months but never finished. Leo credited Francis with the text, cited him repeatedly, but said he had made the document his… Continue reading
Sep 24 The economy was a strength for Trump in his first term. Not anymore, according to recent polling By Linley Sanders, Associated Press This month, about 4 in 10 U.S. adults approve of how Trump is handling his job as president, back in line with his average approval rating after a slight uptick in August. Continue reading
Sep 16 Shoppers increased retail spending by 0.6% in August, even as tariffs led to price hikes and hurt jobs By Anne D'Innocenzio, Associated Press Shoppers increased their spending at a better-than-expected pace in August from July, helped by back-to-school shopping, even as President Donald Trump’s tariffs are starting to hurt the job market and lead to price increases. Continue reading
Sep 15 Fed faces economic uncertainty and political pressure ahead of interest rate decision By Chris Rugaber, Associated Press Investors expect the Fed to reduce its benchmark interest rate by a quarter point, to about 4.1%. But it's not even clear which Fed officials will be making the decision. Continue reading
Sep 11 Watch 5:42 Hardworking Virginia family struggles to achieve American dream By Lisa Desjardins, Kyle Midura Headlines have recently been dominated by news that directly affects people’s lives, from the new tax cut and Medicaid law to near-daily economy updates. But those headlines don’t always capture the everyday reality for millions of Americans just trying to… Continue watching
Sep 09 Watch 6:28 Revised job numbers raise new concerns about economic slowdown By Geoff Bennett, Courtney Norris The Bureau of Labor Statistics says the U.S. job market is much weaker than initially believed. More than 900,000 fewer jobs were added in 2024 and 2025 than previously reported. The BLS issues revisions every year, but this change is… Continue watching
Sep 05 Watch 9:36 Chicago Fed president unpacks weak jobs report and what it says about the economy By Amna Nawaz, Karina Cuevas The labor market appears to have stalled this summer, according to the significantly weaker than expected jobs report. Employers added just 22,000 new jobs in August and revisions show the economy lost 13,000 jobs in June, the first net loss… Continue watching
Aug 29 Watch 5:50 What consumers can expect as de minimis exemption ends By Amna Nawaz, Ryan Connelly Holmes Americans are no longer able to import cheap foreign goods tariff-free. The Trump administration ended the de minimis exemption, which allowed packages valued under $800 to enter the U.S. with no import tax. Last year, there were nearly four million… Continue watching
Aug 22 Watch 7:00 Powell hints at long-awaited rate cut but admits Fed in 'challenging situation' By Amna Nawaz, Jackson Hudgins In a closely watched speech, Fed Chair Jerome Powell gave the strongest indication yet that the central bank will cut interest rates as soon as September. With inflation ticking up and the job market cooling down, Powell said the Fed… Continue watching