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Bessent Seeks to Reassure Global Leaders on Dollar’s Role as Safe Haven
On the sidelines of the spring meetings of the International Monetary Fund and World Bank this week, Treasury Secretary Scott Bessent…
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United States Economy
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As Recession Fears Rise, ‘No Buy’ Takes On New Urgency
With many Americans concerned that President Trump’s tariffs will make most products more expensive and possibly tip the United States…
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Trump Budget to Take Ax to ‘Radical’ Safety Net Programs
The Trump administration, which has made clear that it aims to slash government spending, is preparing to unveil a budget proposal as soon…
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Markets and Corporate America Are Unfazed by Washington Chaos, for Now
Even by Washington standards, the second Trump presidency has begun in frenetic fashion: mass firings at federal agencies, tariff threats…
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Wall Street Is Getting Antsy With Trump
President Trump’s keynote this week at a Saudi sovereign wealth fund’s conference in Miami Beach might have seemed like another jubilant…
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Why the Price of Gold Keeps Going Up
At his inauguration, President Trump said that “the golden age of America begins right now.” He was right, in one sense. The price of gold…
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Trump Tests Fed’s Independence With Order Expanding Authority Over Agencies
The Federal Reserve’s independence from the White House has long been enshrined in the law. But an executive order that President Trump…
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Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show
The Federal Reserve pressed pause on interest rate cuts last month. The minutes from its January meeting suggest the hiatus is likely to…
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Senate Confirms Howard Lutnick as Commerce Secretary
The Senate on Tuesday voted 51 to 45 to confirm Howard Lutnick to be President Trump’s commerce secretary, putting in place one of the…
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Can the Federal Reserve Look Past Trump’s Tariffs?
As President Trump’s efforts to restructure the global trade system with expansive tariffs begin to take shape, one question continues to…
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How Trump’s One-for-One Tariff Plan Threatens the Global Economy
The world economy was already grappling with a perplexing assortment of variables, from geopolitical conflicts and a slowdown in China to…
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Uncertainty About Economic Policy Is Hampering Business Decisions
It is an axiom heard countless times in business school lecture halls and on corporate earnings calls: Uncertainty is bad for business.…
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What to Know About VAT, the Tax System Used in Europe That Trump Despises
President Trump on Thursday ordered his advisers to determine new tariff rates on America’s trading partners, a move that he said would…
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Trump Pushes Tariff Threats on Global Scale
President Trump is pursuing a far more aggressive trade policy than he embraced in his first term, allowing his unfettered instincts about…
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Hot Inflation Raises Stakes of Trump’s Tariffs
Hot inflation has raised the stakes of President Trump’s plans to escalate his use of tariffs on the country’s biggest trading partners,…
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Donald Trump’s Chicken-and-Egg Inflation Problem
Just in: Lawyers for Elon Musk said he’d withdraw his $97.4 billion bid for control of OpenAI if the company halted its efforts to become…
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Stocks Drop After Hotter Than Expected Inflation Reading
Stocks on Wall Street slumped at the start of trading on Wednesday, dragged lower by data that showed consumer prices rose more than…
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Inflation Rises Unexpectedly, Keeping Fed Rate Cuts at Bay
U.S. inflation rose to 3 percent in January, strengthening the case for the Federal Reserve to extend a pause on interest rate cuts. The…
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Trump Softens Tone on Inflation After Pledging to Lower Prices
President Trump promised voters that, if elected, he would enact policies that would bring prices down on “Day 1” in office. But three…
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Steel and Aluminum Tariffs May Raise US Manufacturing Costs
America has seen this movie before: President Trump, who imposed stiff tariffs on Monday on imported steel and aluminum, did so once…
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Fed Chair Faces Lawmakers at a Critical Juncture
When Jerome H. Powell, chair of the Federal Reserve, last testified in front of Congress in July, he hailed the “considerable progress”…
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U.S. Hiring Slowed to 143,000 Jobs in January
The pace of hiring slowed slightly in January, signaling more subdued employment growth even as joblessness remained low. A total of…
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Jobs Report Live Updates: Labor Market Expected to Be Strong
Less than six months ago, Federal Reserve officials were wringing their hands about the state of the labor market. No major cracks had…
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The report will revise figures from 2023 and 2024. Here’s what to know.
The Labor Department’s latest monthly report on hiring and unemployment will include revisions for previous months. The revised figures…