Beijing has a history of warning Washington about the safety of its Treasury holdings. This time it may have reasons to stay silent, at least publicly.
Category: United States Economy
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Hiring Held Steady in June as Employers Added 147,000 Jobs
The strength of the labor market suggests that the economy remains robust despite uncertainty caused by President Trump’s tariffs and geopolitical turmoil.
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Solid Jobs Report Keeps Fed Rate Cuts at Bay
The latest labor market data reinforces the central bank’s wait-and-see approach to lowering borrowing costs, despite pressure from President Trump.
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Trump Says U.S. Has Reached Trade Deal With Vietnam
The president said he had agreed to initial trade terms with Vietnam, the second country to strike a limited deal after Mr. Trump threatened steep tariffs.
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How Immigration Could Muddy the Jobs Numbers
Job growth is expected to fall this year, adding to pressure on the Federal Reserve to cut interest rates. But the slowdown might reflect a smaller labor force, not declining demand from employers.
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Poorest Americans Would Be Hurt By Trump’s Big Bill
Small improvements in taxes are overshadowed by cuts to health insurance and other federal aid, resulting in a package favoring the wealthy.
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The Dollar Has Its Worst Start to a Year Since 1973
It has continued to slide even as President Trump has backed down from his tariff threats and the U.S. stock market has recovered from its losses.
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Trump Steps Up Pressure Campaign on Powell With Handwritten Note
President Trump has repeatedly attacked Jerome H. Powell, chair of the Federal Reserve, for resisting his demands for lower interest rates.
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Trump Encourages Powell to Resign in Latest Attack on the Fed Chair
Jerome H. Powell, whose term does not expire until May, has argued that the central bank can afford to be patient about cutting interest rates amid uncertainty about the economic outlook.
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S&P 500 Hits a Record High, Surging Through Trump Turmoil
The index has regained all the ground it lost in March and early April, when President Trump proposed his broad array of tariffs.
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G7 Backs Plan for ‘Side-by-Side’ Tax System to Avoid U.S. Fight
American companies will be exempt from penalties related to a 2021 global minimum tax deal that President Trump opposes.
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PCE Inflation Was Slightly Hotter in May as Economists Brace for Trump’s Tariffs
Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s tariffs.