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Economy
Treasury Secretary Bessent says a ‘detox’ period for the economy does not have to be a
Treasury Secretary Scott Bessent said Thursday that his previous comments about a "detox period" for the U.S. economy did not mean that a recession was necessary."Not at all. Doesn't have to be, because it will depend on how quickly the…
Job openings see gains in January in a sign of labor market stability
Attendees and recruiters at a City Career Fair hiring event in Sacramento, California, US, on Thursday, Feb. 27, 2025. David Paul Morris | Bloomberg | Getty ImagesJob openings increased in January, providing at least a momentary sign of…
U.S. budget deficit surged in February, passing $1 trillion for year-to-date record
The U.S. Treasury Building is seen from the Washington Monument on a cold, winter day on Jan. 21, 2025 in Washington, DC.Kevin Carter | Getty ImagesThe U.S. debt and deficit problem worsened during President Donald Trump's first month in…
Inflation rate eased to 2.8% in February, lower than expected
Prices for goods and services moved up less than expected in February, providing some relief as consumers and businesses worry about the looming impact tariffs might have on inflation, the Bureau of Labor Statistics reported…
‘Tariffs break trust’: How Trump’s trade policy is putting pressure on U.S.…
Soy farmer Caleb Ragland on his farm in Magnolia, KentuckyCourtesy: American Soybean AssociationCaleb Ragland, a soybean farmer in Magnolia, Ky., voted for President Donald Trump in 2016, 2020 and 2024. Now, however, he has to navigate a…
A big inflation report is on the way Wednesday. Here’s what to expect
A person browses a grocery store following the announcement of tariffs on Canadian and Mexican goods by U.S. President Donald Trump, in Toronto, Ontario, Canada, on March 4, 2025.Arlyn Mcadorey | ReutersWith concerns running high that…
Kugler says Fed should hold interest rates amid inflation risks
Adriana Kugler, member of the Board of Governors of the US Federal Reserve, speaks on the economy in Washington, DC, US, on Wednesday, Feb. 7, 2024. Al Drago | Bloomberg | Getty ImagesInflation could prove sticky while prices might pick…
Trump ‘an agent of chaos and confusion,’ economists warn — but a U.S. recession…
U.S. President Donald Trump attends the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. Evelyn Hockstein | ReutersGlobal market volatility and geopolitical turbulence in the wake of President Donald…
Trump says a transition period for the economy is likely: ‘You can’t really watch the
President Donald Trump and other senior White House officials have spent the past several days bracing Americans for a potential economic slowdown that they say will then lead to stronger growth ahead.With fears brewing over the…
European Central Bank cuts rates again, says policy is becoming ‘meaningfully less
The European Central Bank on Thursday cut interest rates by 25 basis points and updated the language in its decision to say monetary policy was becoming "meaningfully less restrictive."The cut brings the ECB's deposit facility rate, its…