Economic growth will slow this year and next as the trade war hampers development in the United States and around the world, the Organization for Economic Cooperation and Development said.
Category: United States Economy
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Stanley Fischer, Who Helped Defuse Financial Crises, Dies at 81
He was the No. 2 at the Federal Reserve and the I.M.F. during periods of economic turmoil, and he mentored future economic leaders, like Ben Bernanke.
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U.S. Oil Companies Are ‘Battening Down the Hatches’
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.
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PCE Inflation Stayed Subdued in April Amid Trump’s Tariff Limbo
The Federal Reserve has put interest rate cuts on hold until it has more clarity about President Trump’s policies.
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Don’t Call It a Side Hustle. These Americans Are ‘Polyworking.’
The number of people in the United States with multiple full- or part-time jobs climbed to over 8.9 million in March for the first time since 1994.
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Tariff Rulings Inject New Uncertainty Into Trump Trade Strategy
A court ruling invalidating President Trump’s sweeping tariffs was halted hours later, throwing into question the administration’s overall approach to trade.
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Trump Makes a New Push to ‘Decouple’ U.S. From China
Trump administration officials are getting a second chance to try to sever ties with China by starting a trade war, imposing export controls and revoking student visas.
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Trump Meets With Powell After Months of Disparaging the Fed
Jerome H. Powell stressed in his first meeting since the president returned to the White House that policy decisions would be “based solely on careful, objective and nonpolitical analysis.”
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Fed ‘Well Positioned’ to Wait on Rate Cuts Even as Economic Risks Rise, Minutes Show
Officials at the Federal Reserve have adopted a wait-and-see approach to policy moves amid extreme uncertainty about the economic outlook.
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Trump’s China Tariffs Are Having a ‘Massive Impact’ on Small Business
A small Vermont business that sells water bottles used by cyclists and others is struggling to adapt to President Trump’s tariffs even after they were temporarily lowered.
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Trump’s Plan to Revive US Shipbuilding Would Take Billions and Many Years
President Trump and members of Congress want to revive U.S. shipbuilding with subsidies and penalties against Chinese-built ships. But there are obstacles.
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Electric Vehicles Died a Century Ago. Could That Happen Again?
Battery-operated vehicles were a mainstay more than a hundred years ago, but only a few still exist — one happens to be in Jay Leno’s garage.