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Economy
El-Erian says U.S. recession risks are now ‘uncomfortably high’
Mohamed Aly El-Erian, chief economic advisor for Allianz SE. Bloomberg | Getty ImagesPresident Donald Trump's extensive raft of import tariffs are putting the U.S. economy at risk of recession, Allianz's Chief Economic Advisor Mohamed…
Federal Reserve is unlikely to rescue markets and economy from tariff turmoil anytime
U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump.Craig Hudson | Evelyn Hockstein | ReutersNow that President Donald Trump has set out his landmark tariff plans, the Federal Reserve finds itself in a potential…
Layoff announcements surge to the most since the pandemic as Musk’s DOGE slices federal
Employees of the Department of Health and Human Services (HHS) hug each other as they queue outside the Mary E. Switzer Memorial Building, after it was reported that the Trump administration fired staff at the Centers for Disease Control…
European Union vows countermeasures to Trump tariffs if talks fail, von der Leyen says
European Commission President Ursula von der Leyen holds a joint press conference with Antonio Costa at the end of the European Council Summit in Brussels, Belgium, on March 20, 2025.Nurphoto | Nurphoto | Getty ImagesThe European Union…
Private companies added 155,000 jobs in March, more than expected, ADP says
Private payroll gains were stronger than expected in March, countering fears that the labor market and economy are slowing, according to a report Wednesday from ADP.Companies added 155,000 jobs for the month, a sharp increase from the…
Trump’s tariff gambit will raise the stakes for an economy already looking fragile
U.S. President Donald Trump speaks alongside entertainer Kid Rock before signing an executive order in the Oval Office of the White House on March 31, 2025 in Washington, DC. Andrew Harnik | Getty ImagesPresident Donald Trump is set…
Trump’s tariffs are expected to raise consumer prices, but a key question remains: By how
The U.S. government is set to increase tariff rates on several categories of imported products. Some economists tracking these trade proposals say the higher tariff rates could lead to higher consumer prices.One model constructed by the…
Euro zone inflation dips to 2.2% in March as U.S. tariffs loom
A man pushes his shopping cart filled with food shopping and walks in front of an aisle of canned vegetables with "Down price" labels in an Auchan supermarket in Guilherand Granges, France, March 8, 2025.Nicolas Guyonnet | Afp | Getty…
First-quarter GDP growth will be just 0.3% as tariffs stoke stagflation conditions, says
U.S. President Donald Trump speaks to members of the media aboard Air Force One before landing in West Palm Beach, Florida, U.S., March 28, 2025. Kevin Lamarque | ReutersPolicy uncertainty and new sweeping tariffs from the Trump…
German inflation falls to 2.3% in March, backing bets for ECB rate cut
Customers shop for fresh fruits and vegetables in a supermarket in Munich, Germany, on March 8, 2025.Michael Nguyen | Nurphoto | Getty ImagesGerman inflation came in at a lower-than-expected 2.3% in March, preliminary data from the…