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IMF raises U.S., global growth outlook despite tariffs
WASHINGTON (AP) — The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the full impact of those policies is still emerging. The United States’ economy will expand 2% in 2025, the […]
Fed minutes show split on future interest rate cuts
Fed minutes reveal support for more rate cuts this year but highlight divisions over inflation risks and economic slowdown.
Wall Street slips after record run as gold tops $4,000
Stocks ended an eight-day winning streak as Tesla and Oracle fell, while gold surged past $4,000 on inflation and political worries.
Shutdown halts key economic data as Fed weighs rate cuts
The government shutdown delays jobs and inflation reports, leaving the Fed with less data as it considers more rate cuts.
US consumer confidence falls on inflation, weak jobs
Job openings stayed at 7.23M in August as hiring slowed. Layoffs eased but quits fell amid Fed cuts, trade tensions, and shutdown risk.
Dollar set for second straight week of gains after data shows US economic resilience
NEW YORK (Reuters) -The dollar edged lower but was still on track for the second straight week of gains against major peers on Friday after data continued to show U.S. economic resilience, which might complicate the Federal Reserve‘s efforts to cut interest rates. The dollar was down 0.1% to 149.65 against the Japanese yen, on […]
Powell signals Federal Reserve to move slowly on interest rate cuts
Fed Chair Jerome Powell signaled caution on more rate cuts, diverging from Trump-appointed officials pushing for faster, deeper reductions.
Wall Street holds near its record heights
U.S. stocks eased Tuesday after record highs, with Nvidia slipping and gold prices soaring past $3,800 amid Fed rate-cut expectations.
Federal Reserve cuts key rate for first time this year
WASHINGTON (AP) — The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and it lowered its short-term rate […]
Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes
Retail sales rose 0.6% in August, boosted by back-to-school shopping, despite tariffs beginning to raise prices and pressure the job market.
Wall Street coasts toward the finish of its best week in the last 5
NEW YORK (AP) — Wall Street is coasting toward the finish of its best week in the last five on Friday as U.S. stocks hang near their record levels. The S&P 500 was mostly unchanged from the all-time high it set the day before. The Dow Jones Industrial Average was down 204 points, or 0.4%, as […]
US household income rose slightly last year, roughly matching 2019 level
Census data shows median U.S. household income stalled in 2024, with inflation offsetting wage gains and widening the income gap.
