Wholesale prices unexpectedly fell in March, setting up a favorable inflation backdrop as President Donald Trump began intensifying tariffs against U.S. trading partners, the Bureau of Labor Statistics reported Friday. The producer price index, considered a leading indicator for pipeline inflation pressures, declined a seasonally adjusted 0.4% for the...
Inflation rate eases to 2.4% in March, lower than expected
Consumer price inflation eased more than expected in March as President Donald Trump prepared to launch tariffs against U.S. trading partners, the Bureau of Labor Statistics reported Thursday. The consumer price index, a broad measure of goods and services costs across the U.S. economy, fell a seasonally adjusted 0.1%...
The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing crude prices could spell trouble
DUBAI, United Arab Emirates — The wealthy Arab Gulf states are in a better position than many other regions of the world to manage the economic impact of U.S. President Donald Trump's tariffs, economists and regional investors say. But a shaky outlook for the price of oil could put some...
President Donald Trump says Fed Chair Powell should cut interest rates and ‘stop playing politics’
U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump. Craig Hudson | Evelyn Hockstein | Reuters President Donald Trump on Friday called for Federal Reserve Chair Jerome Powell to cut interest rates, even as his tariff blitz roiled markets and raised fears of a rebound in inflation....