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Borrowers looking for lower costs will have to wait as the Fed is unlikely to cut rates
WASHINGTON (AP) — The inflation-fighters at the Federal Reserve are expected to keep their key interest rate unchanged Wednesday for the fourth straight time. That’s likely to shift attention to how many interest rate cuts they forecast for this year. It’s widely expected that the 19 Fed officials that participate in the central bank‘s interest-rate decisions […]
US unemployment ticked down, hovering at historically low levels
WASHINGTON (AP) — The number of Americans applying for unemployment benefits dipped to 245,000 last week, hovering at historically low levels, the Labor Department said Wednesday. U.S. jobless claims ticked down from 250,000 the week before. Economists had expected last week’s claims to match that at 250,000. The four-week average of claims, which smooths out […]
Americans turn cautious and retail sales slide after a spring spending surge to beat tariffs
U.S. retail sales fell 0.9% in May as consumers pulled back following Trump’s tariff hikes, with auto sales taking the biggest hit.
Consumer sentiment rises in June after six-month slump
WASHINGTON (AP) — Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China. The preliminary reading of the University of Michigan’s closely […]
Inflation barely rose last month as cheaper gas and cars offset some costlier imports
U.S. inflation edged up to 2.4% in May, with groceries rising but gas and rent costs falling. Trump’s tariffs haven’t hit prices hard—yet.
Citing trade wars, the World Bank sharply downgrades global economic growth forecast to 2.3%
President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast.
U.S. adds 139K jobs amid trade war uncertainty
U.S. employers added 139K jobs as hiring slowed. Trump’s trade policies stir economic fears, though recession signals remain unclear.
US stocks drift as S&P 500 flirts with its first drop in 7 days
U.S. stocks slipped as Wall Street rally loses steam. Travel stocks fell, quantum tech soared, and tariff, debt fears continue to pressure markets.
Wall Street drifts lower as S&P 500 flirts with its first loss of the week
U.S. stocks fall as trade war uncertainty persists. Oil prices drop amid possible Iran deal. Market reacts to mixed economic and corporate signals.
Inflation cooled again even as some tariffs took effect. But economists don’t expect that to last
U.S. inflation cooled to 2.3% in April, its lowest in four years, despite new tariffs. Economists expect price hikes by summer as trade effects deepen.
Fed holds interest rate at 4.3% amid tariff and inflation uncertainty
The Fed kept rates steady at 4.3%, citing rising risks of inflation and unemployment due to Trump’s sweeping tariffs on imports from China and beyond.
Fed holds rates steady amid tariff-driven inflation risk
The Fed keeps interest rates unchanged as it weighs Trump’s tariffs, inflation risk, and economic uncertainty before deciding on possible future cuts.
