The tariffs are slowing down economic activity, but causing less damage to inflation and employment than anticipated. The stock market is at record highs, and consumer spending and wages are rising
The estimated cost of the closure could be as much as $14 billion, according to the Congressional Budget Office
The central bank is more concerned about the weakening labor market than the rise in inflation
The most intensely affected sectors are hospitality, agriculture, construction and manufacturing, notes the Beige Book
In the most politically charged meeting in memory, Powell approved the first rate cut since December, with the central bank signaling that further reductions are likely
Figures provided by the Fed, Bureau of Labor Statistics and business organizations attest to the negative impact on the sector
The precious metal has outperformed stocks and cryptocurrencies so far this year, hitting record highs. In times of uncertainty, its allure draws both major investors and small savers
The case will likely end up before the US Supreme Court
The US president has triggered an avalanche of court rulings against his attempts to expand his own power
A slowdown in the labor market, including a jobless rate of 4.3%, the highest since 2021, underpins expectations of a Federal Reserve interest rate cut
Stephen Miran, Trump’s nominee for the Federal Reserve Board, told the Senate today that he would act independently, despite sharp criticism from Democrats
Fear of inflation is keeping the 10-year yield elevated despite Powell’s possible cuts. Not since the financial crash has the US lowered rates while prices were rising
Trump’s interventionist approach to companies and markets is more reminiscent of the Chinese model than of American liberalism
The embattled official claims the US president lacks the authority to remove her from office
The firing of a Federal Reserve governor is a serious step in the implementation of a populist economic agenda with serious consequences both inside and outside the United States
Inflation, financial bubbles and fiscal imbalances are the possible consequences of a politically motivated rate cut
Military deployments in cities, a heavy-handed approach to immigration and allusions to dictators exacerbate the US president’s interventionist attitude
Economist Lisa Cook, accused of lying on a mortgage application, refuses to step down and argues that the White House has no legal grounds to fire her
With his replacement, and that of the Fed governor whose resignation paves the way for Powell’s succession, the US president could consolidate his economic agenda for the remainder of his term
The Republican president’s fixation on getting rid of Jerome Powell early and drastically lowering interest rates is putting the US economy at risk
Economists viewed this data as the first clear sign that Washington’s trade war is starting to affect consumer prices
The US central bank extends the pause as the Republican calls its chair, Jerome Powell, ‘stupid’
Consumer prices increased 2.4% in May compared with a year earlier. The data point is better than expected, but does not suggest immediate interest rate cuts
Employment data was better than anticipated, and the central bank is expected to hold off on making a move despite the tariff storm
Gross domestic product shrank at an 0.3% annual rate due to the trade war and the distrust and uncertainty generated by the president
The US president derided migrants and joked about his opponents at an event outside Detroit that had all the ingredients of a campaign rally
Pressure from markets and businesses is forcing the US president to back down on issues such as tariffs and his desire to fire the head of the Federal Reserve