The price index was the latest indication that President Trump’s tariffs are beginning to show up in consumer prices.
Category: United States Economy
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On Eve of Tariff Deadline, Trump’s Trade War Faces Key Court Test
A federal appeals panel will hear arguments from states and businesses that seek to invalidate the president’s tariffs.
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On Eve of Tariff Deadline, Trump’s Trade War Faces Key Court Test
A federal appeals panel will hear arguments from states and businesses that seek to invalidate the president’s tariffs.
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Fed Keeps Rates Steady Despite Internal Divisions and Political Pressure
The central bank kept interest rates steady for a fifth straight meeting, despite badgering from President Trump. It has “made no decisions” on cutting rates at its next meeting, the Fed chair said.
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Cuts to Data Collection May Erode Reliability of Economic Statistics
The Bureau of Labor Statistics is reducing or ending the collection of data that is used to calculate the Consumer Price Index.
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U.S. Economy Grew in Second Quarter as Tariffs Scrambled Data
Gross domestic product rebounded in the spring after contracting at the start of the year, but consumer spending remained weak.
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What to Watch at the Federal Reserve’s July Meeting
The U.S. central bank is widely expected to hold interest rates steady for a fifth straight meeting despite badgering from President Trump to lower borrowing costs.
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What to Watch at the Federal Reserve’s July Meeting
The U.S. central bank is widely expected to hold interest rates steady for a fifth straight meeting despite badgering from President Trump to lower borrowing costs.
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I.M.F. Raises Global Growth Outlook as U.S. Looks to Avert Trade Wars
The International Monetary Fund warned that trade tension continued to be a risk for the global economy.
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Trump Is Winning His Trade War. What Will That Mean for the Economy?
The president’s vision for reshaping global trade is falling into place, but he is embarking on an experiment that economists say could still produce damaging results.