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Economy
European Central Bank’s Lagarde weighs in on Trump’s criticism of Fed’s Powell
European Central Bank President Christine Lagarde on Tuesday said she hoped that U.S. President Donald Trump firing Federal Reserve Chair Jerome Powell was not a scenario on the table.Asked by CNBC's Sara Eisen whether Trump finding a…
Consumer spending is up big in early April as people buy in anticipation of tariffs
Consumer spending is rising at a faster clip this month as everyday Americans rush to make purchases before President Donald Trump's full tariff plan takes effect, data released Wednesday from JPMorgan shows.Spending through the first 15…
Americans are getting flashbacks to 2008 as tariffs stoke recession fears
Homemade barbecue pork chops. Katy Perry performs onstage during the Katy Perry The Lifetimes Tour 2025. A woman checks her receipt while exiting a store.iStock| Theo Wargo | Hispanolistic | Getty ImagesA few weeks ago, as Kiki Rough…
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…