Powell said the Fed faces a “highly uncertain outlook” because of the new reciprocal levies the president announced Wednesday
Powell sees tariffs raising inflation and says Fed will wait before further rate moves
Powell said the Fed faces a “highly uncertain outlook” because of the new reciprocal levies the president announced Wednesday
President Donald Trump says Fed Chair Powell should cut interest rates and ‘stop playing politics’
Trump said in a social media post this would be the “perfect” time for the central bank to cut rates, but inflationary impact of tariffs could be an issue.
Traders betting Fed will cut rates at least 4 times this year to bail out economy
Data from the CME Group on Friday showed raised odds the federal funds rate will fall to 3.00% to 3.25%, down from 4.25% to 4.50% where it is currently.
Traders betting Fed will cut rates at least 4 times this year to bail out economy
Data from the CME Group on Friday showed raised odds the federal funds rate will fall to 3.00% to 3.25%, down from 4.25% to 4.50% where it is currently.
U.S. payrolls rise by 228,000 in March, but unemployment rate increases to 4.2%
Nonfarm payrolls were expected to grow by 140,000 in March while the unemployment rate held steady at 4.1%.
China to impose 34% retaliatory tariff on all goods imported from the U.S.
Beijing’s measures come in the wake of duties imposed by U.S. President Donald Trump’s administration earlier this week.
China to impose 34% retaliatory tariff on all goods imported from the U.S.
Beijing’s measures come in the wake of duties imposed by U.S. President Donald Trump’s administration earlier this week.
El-Erian says U.S. recession risks are now ‘uncomfortably high’
“If the U.S. slows down, the rest of the world will slow down more,” the veteran economist warned.
El-Erian says U.S. recession risks are now ‘uncomfortably high’
“If the U.S. slows down, the rest of the world will slow down more,” the veteran economist warned.