Economic officials meeting in Madrid will seek to head off a November tariff deadline.
Category: United States Economy
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As the Fed Prepares to Lower Rates, 2 Seats on Its Board Are in Limbo
The Senate looks poised to confirm President Trump’s pick to join the central bank in time for the policy meeting next week, while another governor’s fate remains up in the air.
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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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Republicans Race to Advance Stephen Miran, Trump’s Fed Pick, Despite White House Ties
Stephen Miran, a top economic adviser to the president, has said he intends to take a leave of absence if confirmed, heightening fears about the central bank’s independence.
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How Lutnick Is Using Government Power to Pressure Private Companies
Commerce Secretary Howard Lutnick has been putting the squeeze on companies and trading partners in an unusual effort to raise revenue and expand the president’s role over the economy.
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Trump Warns of Doom if Tariffs Are Ruled Illegal. Others See a Tax Cut.
Many American companies have had to shoulder at least some of the costs of tariffs, biting into earnings the same way a corporate tax increase would, analysts say.
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Supreme Court Agrees to Review Trump’s Sprawling Tariffs
The justices moved quickly to schedule oral argument to consider the legality of the president’s signature economic initiative.
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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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Employers Added Fewer Jobs Than Believed, Updated Data Shows
Preliminary annual revisions could add to political pressure on the agency that produces the data.
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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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Employers added 22,000 jobs in August.
Employers added 22,000 jobs in August. Revised data also showed that employment fell by 13,000 jobs in June, the first net loss since December 2020.
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Weak Jobs Report Strengthens Case for Fed to Cut Interest Rates
A reduction at the Federal Reserve’s next meeting this month looks all but assured after August’s labor market data.