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Economy
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…
Trump renews call for interest rate cut, says rates would be lower if Fed chief Powell
U.S. President Donald Trump and U.S. Federal Reserve Chair Jerome Powell.Win McNamee | Annabelle Gordon | ReutersPresident Donald Trump on Friday lobbed his latest criticism at Federal Reserve Chair Jerome Powell, as the White House's…
Retail sales increased 1.4% in March, greater than expected
Consumer spending was stronger than expected in March as demand remained high despite declining sentiment, the Commerce Department reported Wednesday.The advanced estimate of retail sales showed an increase of 1.4% on the month, better…
China targets U.S. services and other areas as it decries ‘meaningless’ tariff hikes on
Dilara Irem Sancar | Anadolu | Getty ImagesChina last week announced it was done retaliating against U.S. President Donald Trump's tariffs, saying any further increases by the U.S. would be a "joke," and Beijing would "ignore"…
Global trade outlook has ‘deteriorated sharply’ amid Trump tariff uncertainty, WTO warns
Cargo ships and containers at Qingdao port in eastern China's Shandong province on Dec. 4, 2024.Stringer | Afp | Getty ImagesThe World Trade Organization warned on Wednesday that the outlook for global trade has "deteriorated sharply" in…
Unemployment fears hit worst levels since Covid as tariffs fuel inflation outlook, Fed
People shop for produce at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty ImagesConsumer worries grew over inflation, unemployment and the stock market as the global trade war heated up in March,…
Fed Governor Waller sees tariff inflation as ‘transitory’ in ‘tush push’…
Federal Reserve Governor Christopher Waller speaks during the Clearing House Annual Conference in New York City, on Nov. 12, 2024.Brendan Mcdermid | ReutersFederal Reserve Governor Christopher Waller said Monday he expects the effects of…
Tanking oil prices could more than double Saudi Arabia’s deficit to $75 billion and
Riyadh, Saudi Arabia.Johnnygreig | E+ | Getty ImagesCrashing oil prices triggered by waning demand, global trade war fears and growing crude supply could more than double Saudi Arabia's budget deficit, a Goldman Sachs economist…