United States: Trump Warns China Impasse to Worsen If Xi Retaliates on Tariffs President Donald Trump threatened that the trade standoff with China will “get worse” if there is retaliation for U.S. tariffs that go into effect on Chinese goods Monday. “I say openly to President Xi & all of my many friends in China
United States: U.S. Consumer Prices Trail Estimates, Testing Powell's View A key measure of U.S. consumer prices rose by less than expected in April on lower used-car and apparel costs, testing the Federal Reserve’s message that muted inflation will prove transitory while giving President Donald Trump more ammunition to argue for an interest-rate cut. The
United States: U.S.-China Trade Gap Shrank in March to Smallest Since 2016 The U.S. trade deficit with China decreased to the narrowest in almost three years as imports slowed and exports advanced, offering President Donald Trump a chance to claim his tariff war is yielding the desired results just as negotiations reach a critical stage.
United States: Mexico Border Delays Weigh on U.S. Investment and Factories More cargo from Mexico to the U.S. is being held up at the border, accompanied by increasing evidence that such delays are dimming prospects for American companies. Slower trade between the countries since federal border officers were recently redirected to deal with a surge
United States: Trump's Tariff Threat Leaves Beijing Stalling on Next Talks Talks between the U.S. and China to resolve their year-long trade standoff appeared to be on life-support Monday, with Beijing struggling to respond to tweets by President Donald Trump that threaten an escalation of tariffs by the end of the week. China’s foreign ministry
United States: U.S. Jobs Top Forecast at 263,000 Gain; Wages Miss Estimates The U.S. economy accelerated its rebound from a recent soft patch as unemployment unexpectedly fell to a fresh 49-year low amid surprisingly strong hiring and cooler-than-projected wage gains, suggesting the hot labor market can extend its run. Payrolls climbed by 263,000 in April
United States: Powell Brushes Aside Rate-Cut Pressure With Confidence on Prices Federal Reserve Chairman Jerome Powell pushed back against pressure for interest-rate cuts from traders and President Donald Trump, saying inflation will rebound and the economy will stay healthy without fresh help from the central bank. “We don’t see a strong case for moving in
United States: Fed Eyes Inflation as Trump Pushes Cut: Decision-Day Guide Federal Reserve policy makers may decide Wednesday that falling inflation reinforces a message of caution on interest-rate moves, rather than bowing to President Donald Trump’s demands for drastic action to boost the U.S. economy. The Federal Open Market Committee is all but certain to
United States: The Fed Has a Problem at the Heart of Its Battle to Spark Inflation There’s a flaw at the heart of central banking’s approach to inflation targeting that’s become a hot issue for the Federal Reserve as it takes a long, hard look at its strategy. For decades, central bankers have pursued price
United States: Fed May End Up Seeing 1995-96 Rate Cuts as a Template for Today As Federal Reserve Chairman Jerome Powell and his colleagues gather this week for a policy making meeting, some of them will likely have 1995 on their mind. That was the year that the Fed initiated a mid-course correction in monetary
