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Economy
Bank of England chief focused on tariff ‘growth shock’ but downplays UK recession risk
The Bank of England is focused on the potential impact of U.S. tariffs on U.K. economic growth if there is a slowdown in global trade, the central bank's governor Andrew Bailey said Thursday."We're certainly quite focused on the growth…
Inflation job nearly done but tariff risks loom — What European Central Bank members said
Guests and attendeess mingle and walk through the atrium during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 24, 2025. Jim Watson | Afp | Getty ImagesAfter years dominated by the pandemic,…
Trump insists bond market tumult didn’t influence tariff pause: ‘I wasn’t…
US President Donald Trump speaks during a bilateral meeting with Prime Minister of Norway Jonas Gahr Store in the Oval Office of the White House in Washington, DC, on April 24, 2025. Saul Loeb | Afp | Getty ImagesPresident Donald Trump…
Orders for big-ticket items like autos and appliances surged 9.2% in March in rush to
Companies in March accelerated their orders for big-ticket long-lasting goods ahead of President Donald Trump's aggressive tariffs on U.S. imports, the Commerce Department reported Thursday.So-called durable goods orders soared a…
German finance minister says trust not yet broken with U.S., prefers zero-for-zero tariff
The trust between Europe and the U.S. is not yet broken despite President Donald Trump's aggressive tariff policies, Joerg Kukies, acting German finance minister, told CNBC Thursday."For trust to be broken, a lot more would have to…
Businesses are already trying to pass tariff costs onto customers, Fed report says
Businesses dealing with the early stages of President Donald Trump's tariffs are looking for ways to pass increasing costs onto consumers, according to a Federal Reserve report Wednesday.As Trump ordered against-the-board levies on U.S.…
IMF forecasts U.S. fiscal deficit will dip in 2025 thanks to higher tariff revenue
A security guard stands outside the building near signs advertising the International Monetary Fund/World Bank Spring Meetings in Washington, DC, on April 17, 2025. Jim Watson | AFP | Getty ImagesThe International Monetary Fund forecasts…
If Trump wants rate cuts, he would likely need to replace the Fed’s full board along with
U.S. President Donald Trump speaks to the media during the annual White House Easter Egg Roll, on the South Lawn of the White House in Washington, D.C., U.S., April 21, 2025.Leah Millis | ReutersPresident Donald Trump's public criticism…
IMF slashes 2025 U.S. growth forecast to 1.8% from 2.7%, citing trade tensions
Tariffs are posing major headwinds for the U.S. and global economies, leading the International Monetary Fund to slash its 2025 growth forecast.In its new projections, the IMF now calls for a U.S. growth outlook of 1.8% in 2025, down 0.9…
Trump’s approval rating on the economy drops to lowest of his presidential career, CNBC
President Donald Trump is registering the worst economic approval numbers of his presidential career amid broad discontent over his handling of tariffs, inflation and government spending, according to the latest CNBC All-America Economic…