Business
CPI Report: Inflation Rose Unexpectedly in January
U.S. inflation rose to 3 percent in January, strengthening the case for the Federal Reserve to extend a pause on interest rate cuts. The…
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United States Economy
Politics
Trump Softens Tone on Inflation After Pledging to Lower Prices
President Trump promised voters that, if elected, he would enact policies that would bring prices down on “Day 1” in office. But three…
Politics
Steel and Aluminum Tariffs May Raise US Manufacturing Costs
America has seen this movie before: President Trump, who imposed stiff tariffs on Monday on imported steel and aluminum, did so once…
News
Fed Chair Faces Lawmakers at a Critical Juncture
When Jerome H. Powell, chair of the Federal Reserve, last testified in front of Congress in July, he hailed the “considerable progress”…
Politics
U.S. Hiring Slowed to 143,000 Jobs in January
The pace of hiring slowed slightly in January, signaling more subdued employment growth even as joblessness remained low. A total of…
Business
Jobs Report Live Updates: Labor Market Expected to Be Strong
Less than six months ago, Federal Reserve officials were wringing their hands about the state of the labor market. No major cracks had…
Politics
The report will revise figures from 2023 and 2024. Here’s what to know.
The Labor Department’s latest monthly report on hiring and unemployment will include revisions for previous months. The revised figures…
Business
Friday’s Jobs Report Will Be Confusing. Here’s How to Make Sense of It.
The Labor Department’s latest monthly report on hiring and unemployment will include revisions for previous months that should give a more…
Business
U.S. Trade Deficit Hit Record in 2024 as Imports Surged
The U.S. trade deficit in goods hit a record last year, as American consumers snapped up imported products and a strong U.S. dollar…
News
Fed Official Pushes Back on Pre-emptive Policy Moves
Federal Reserve officials wrapped up their final meeting of 2024 with splits surfacing over how many more interest rate cuts they should…
Politics
Why These Companies in Louisville, Ky., Fear Trump’s Tariffs
The people running CRG Automation are not openly rooting for global economic chaos, but they concede that they are in a perfect position…
Politics
Trump Tariffs Threaten to Upend Global Economic Order
President Trump’s move this weekend to slap sweeping tariffs on Canada, Mexico and China is threatening to fracture the global trading…
Politics
From Groceries to Cars, Tariffs Could Raise Prices for U.S. Consumers
President Trump’s tariffs target countries that are major suppliers of a wide range of goods to the United States. For American families,…
Politics
Who Pays for Tariffs? Here’s What You Need to Know.
President Trump is moving forward with extensive tariffs on America’s closest trading partners. Beginning Tuesday, companies bringing…
Politics
Trump’s Tariffs Put China in a Difficult Spot
President Trump’s decision on Saturday to impose new tariffs on imports from China poses a dilemma for Beijing’s leaders: Is it better to…
Politics
Trump’s Canada and Mexico Tariffs Could Hurt Carmakers
Almost all automakers are going to feel a pinch from the new tariffs imposed by President Trump on Saturday on goods imported from Canada,…
Politics
Here’s What to Know About Trump’s Tariffs
President Trump on Saturday signed executive orders imposing sweeping tariffs on the country’s three largest trading partners, a move that…
Politics
Trump’s Tariffs Would Reverse Decades of Integration Between U.S. and Mexico
When Dennis Nixon started working at a regional bank in Laredo, Texas, in 1975, there was just a trickle of trade across the border with…
Politics
Once a Trump Foil, Warren Seeks Collaboration on Policy
For the last decade, Senator Elizabeth Warren of Massachusetts has been a favorite foil of President Trump, who has subjected her to…
Politics
Trump Will Hit Mexico, Canada and China With Tariffs
President Trump plans to move forward with imposing stiff tariffs on Mexico, Canada and China on Saturday, in an attempt to further…
Business
Inflation Ticked Up in December, Fed’s Preferred Measure Shows
The Federal Reserve wants to see more evidence that inflation is easing before resuming interest rate cuts. The latest data presented a…
Politics
The World Economy Awaits Trump’s First Round of Tariffs
President Trump’s threats to enact stiff tariffs on Canada, Mexico and China on Saturday have left the world trading system on edge as…
Business
High Inflation and New Tariffs Will Make the Fed’s Job Tougher
High inflation is stoking fresh debate about how the Federal Reserve should respond to President Trump’s sweeping plans to reorder the…
Politics
Federal Debt Is Now Worrying Even Progressives
The 119th Congress began, as it so often has in recent years, with calls from Republican politicians for wrestling down the national debt,…