John Carney

John Carney

Articles by John Carney

Producer Prices See Biggest Decline Since 2020

Prices paid to U.S. producers of goods and services unexpectedly declined in April, defying predictions that tariffs would reignite inflation. The producer price index for final demand fell 0.5 percent last month, the Labor Department said on Thursday, the largest

Portrait of young male crepe shop owner in restaurant

U.S. and China Agree to Suspend Most Tariff Hikes

The U.S. will reduce its reciprocal tariff on Chinese imports to 10 percent, down from the 125 percent level imposed during the height of the trade standoff earlier this year.

US Treasury Secretary Scott Bessent (L) and US Trade Representative Jamieson Greer speak t

Trump Says 80% China Tariff ‘Seems Right’

President Donald Trump indicated that he would approve an 80 percent tariff on China but said the path of the negotiations would be up to Treasury Secretary Scott Bessent. “80% Tariff on China seems right! Up to Scott B,” Trump said in

US President Donald Trump waits to speak in Emancipation Hall during inauguration ceremoni

Fed Leaves Interest Rates Unchanged, Sees Economy as ‘Solid’

The Federal Reserve looked past the recently reported economic contraction in the first three months of the year, describing economic growth as solid when officials agreed to hold interest rates steady on Wednesday. “Although swings in net exports have affected

Fed Chairman Jerome Powell answers reporters' questions at the FOMC press conference