CPI Shows U.S. Inflation Remains Muted as Tariff Impact Is Limited
Businesses across the United States have for months warned that they would raise prices on their customers in response to President Trump’s tariffs. The latest data show that it is…
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United States Economy
The Fed Could Be on Hold Until September, Economists Say
More than 20 times during a roughly 45-minute news conference on Wednesday, Jerome H. Powell, the chair of the Federal Reserve, referenced the idea of waiting to see how President Trump’s…
Hope and Anxiety Share the Stage as Finance Titans Converge on L.A.
Beneath the grand chandeliers of the International Ballroom at the Beverly Hilton Hotel, at rooftop bars and at private parties at billionaires’ mansions, there was a mix of emotions among…
What to know about the Fed’s decision.
The Federal Reserve left interest rates unchanged for a third meeting in a row on Wednesday, as officials stuck to a wait-and-see approach amid heightened uncertainty about how…
The bond market is in focus as Trump and his advisers push for lower rates.
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year. That means consumers looking to…
The Fed’s wait-and-see approach keeps tensions simmering with Trump.
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year. That means consumers looking to…
Are We Headed for Recession? Economists Look Everywhere for Signs.
Americans are spending less at McDonald’s. Fewer container ships are expected at the Port of Los Angeles. Procter & Gamble is raising prices. Mattel is shifting production out of China.…
What to Watch at the Federal Reserve’s May Meeting
The Federal Reserve is set to extend its pause on interest rate cuts on Wednesday amid concerns that President Trump’s tariffs will unleash fresh inflationary pressures while also hurting…
Trump Officials to Meet With Chinese Counterparts Amid Trade Standoff
Top officials from the Trump administration will meet with their Chinese counterparts in Switzerland this week, the first formal meeting about trade between the United States and China…
Scott Bessent Urges Investors to Bet on Trump’s Economic Plan
Treasury Secretary Scott Bessent urged skittish global business leaders on Monday to ignore President Trump’s economic naysayers and ramp up investment in the United States, defending an…
The Fed Isn’t Likely to Cut Rates Proactively Despite Economic Concerns. Here’s Why.
Less than a year ago, the Federal Reserve took decisive action to bolster the U.S. economy. With inflation easing and the labor market starting to soften, the central bank opted to go big,…
A Tidal Wave of Change Is Headed for the U.S. Economy
When the Covid pandemic hit, factories in China shut down and global shipping traffic slowed. Within a matter of a few weeks, products began disappearing from U.S. store shelves and…
Trump Proposes $163 Billion in Cuts Across Government in New Budget
President Trump on Friday proposed slashing $163 billion in federal spending next fiscal year, a drastic retrenchment in the role and reach of government that, if enacted, would eliminate…
Stock Market on Track to Erases Losses From Trump’s ‘Liberation Day’ Tariff Rollout
Stocks were on track on Friday to erase their losses from the days after President Trump’s chaotic rollout of tariffs in early April, bolstered in part by a healthy report on the labor…
Here’s what to know:
A solid labor market has for months given the Federal Reserve comfort that it could hold off on interest rate cuts until it had more clarity about how President Trump’s policies would…
U.S. and China Dig In on Trade War, With No Plans for Formal Talks
As trade tensions flared between the world’s largest economies, communication between the United States and China has been so shaky that the two superpowers cannot even agree on whether…
Solid Jobs Report Reinforces Fed’s Patient Approach to Interest Rate Cuts
A solid labor market has for months given the Federal Reserve comfort that it could hold off on interest rate cuts until it had more clarity about how President Trump’s policies would…
Exxon and Chevron Report Lower Profits While Girding for Tariffs
The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout from President Trump’s trade war, which has…
Hospitality hiring could slow as foreign tourists skip the U.S., for now.
A solid labor market has for months given the Federal Reserve comfort that it could hold off on interest rate cuts until it had more clarity about how President Trump’s policies would…
President Trump remains bullish, even as the economy flashes warning signs.
A solid labor market has for months given the Federal Reserve comfort that it could hold off on interest rate cuts until it had more clarity about how President Trump’s policies would…
After weeks of volatile trading, Friday’s report could set the tone on Wall Street.
May 2, 2025, 6:01 a.m. ET Traders at the New York Stock Exchange on Thursday.Credit...Richard Drew/Associated Press Investors will be closely watching the jobs report on Friday for any…
U.S. Dollar Falls. The Euro Could Step Up as Reserve Currency
The U.S. dollar has fallen about 9 percent in the past three months, according to an index that tracks its performance against a basket of major trading partners. Not since the 1970s has…
Under Trump, Stocks Have the Worst Start to a Presidential Term Since 1974
One hundred days of President Trump. Seventy days of whipsaw trading in financial markets. Thirty three days of losses. More than $6.5 trillion wiped from the value of public companies.…
Trump’s Cuts to Science Funding Could Hurt U.S. Economy, Study Shows
Cutting federal funding for scientific research could cause long-run economic damage equivalent to a major recession, according to a new study from researchers at American University. In…