President Trump is set to speak with the Chinese leader on Friday to discuss the app’s future, signaling a potential thaw between the two men.
Category: Inflation (Economics)
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CPI Shows Pace of US Inflation Likely to Keep Fed Cautious on Rate Cuts
The central bank is likely to lower borrowing costs at its meeting next week amid budding concerns about the labor market.
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US Poverty Rate Was Stable in 2024, as Household Income Rose Slightly
As pandemic subsidies disappeared, wages kept workers just ahead of inflation, although gaps have widened for some groups.
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Second Weak Jobs Report Undercuts Trump’s Claims of a Booming Economy
After a bad employment report in August, President Trump fired the official in charge of the numbers. This month’s data was just as disappointing.
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Stephen Miran, Trump’s Fed Pick, to Face Grilling From Lawmakers
Stephen Miran, who served as one of the president’s top economic advisers, will have to reconcile his past criticism of the central bank with his new responsibilities if he becomes a governor.
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Trump’s Fight with the Fed Carries a Heavy Cost, Experts Say
The president’s attacks on the central bank’s independence could undermine investor confidence in the institution at a crucial time.
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PCE Inflation Stayed Stable in July, Keeping Fed on Track to Lower Interest Rates
The latest economic data keeps the central bank on track to lower interest rates at its next meeting in September.
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Trump’s Attempt to Fire the Fed’s Lisa Cook Risks Global Economic Stability
President Trump’s attempt to fire Lisa Cook, a Fed governor, will set off a long legal battle. Economists warn it could lead to higher inflation and government borrowing costs.
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Trump Risks Global Economic Stability as He Tries to Control the Fed
President Trump’s attempt to fire Lisa Cook, a Fed governor, will set off a long legal battle. Economists warn it could lead to higher inflation and government borrowing costs.
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Inflation Sweetener? Denmark Plans Tax Cut on Chocolate and Coffee.
The Scandinavian country has proposed scrapping its tax on chocolate, cake and other sweets, as well as coffee, to help consumers cope with high food prices.
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Fed Officials Try to Keep Focus on Economy as Trump Intensifies Attacks
The administration’s effort to oust a Fed governor as part of a pressure campaign for lower borrowing costs created an inescapable distraction at this year’s Jackson Hole conference.
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Jerome Powell Suggests Fed Will Soon Cut Interest Rates in Jackson Hole Speech
Jerome H. Powell said the “balance of risks” across the economy had started to shift, raising the odds the central bank lowers borrowing costs at its next meeting in September.