John Carney

Import prices ticked up slightly in April, driven by higher costs for nonfuel goods even as fuel prices continued to slide, according to data released Friday by the Bureau of Labor Statistics. The Import Price Index rose 0.1 percent in

Eggselent news!

American consumers spent more at restaurants, appliance stores, garden and home improvement centers, and home furniture retailers in April. Spending at restaurants and bars increased by 1.2 percent last month, an indication that U.S. consumers are not shying away from

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

Trump is keeping up the pressure on the Fed to cut rates.

April’s CPI came and went with no sign of the Trump administration’s new tariffs pushing up inflation.

The great American egg crisis that started under Biden appears to be coming to an end under Trump.

Prices rose by 0.2 percent in April compared with March. Economists had forecast a 0.3 percent. Compared with a year ago, prices are up 2.3 percent, less than the 2.4 percent forecast.

After a weekend of high-level negotiations in Geneva, the United States and China agreed to a dramatic temporary rollback of tariffs.

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.

The election of the first American pope has tax lawyers wondering if the IRS will try to collect taxes on the new Pontiff’s in-kind compensation.

Household sentiment weakens as income expectations fall and job fears rise, supporting Trump’s call for rate cuts

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

When Trump calls for tax cuts to boost American growth, we can debate their fiscal merits; but let’s not pretend they’re a guaranteed path to trade imbalance. The theory behind that claim is old, contested, and, in many cases, simply wrong.

Obama tried to scare the people of the U.K. out of voting for Brexit by saying it would put them at the back of the queue for trade deals. Nine years later, the U.K. became the first country to cut a trade deal with the U.S. under President Trump.

President Donald Trump once again took aim at Federal Reserve chairman Jerome Powell on Thursday, apparently unhappy with the central bank’s decision Wednesday to hold its interest rate benchmark steady.

Many economists have successfully challenged the idea that budget deficits lead to higher trade deficits.

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

The Fed is stuck between crosscurrents: too strong to ease, too shaky to hike. The best they can do is what they’ve been doing—waiting for the fog to lift.

Treasury Secretary Scott Bessent said Tuesday that he expects the first quarter GDP figures will be revised up, hinting that the contraction recorded in the government’s first estimate of economic growth for the January through March period might be flipped into

Tariff front-running led to a historic surge in imports in March.

This week, America’s new economic doctrine came into focus thanks to a pair of speeches from Vice President JD Vance and Treasury Secretary Scott Bessent.

The services sector is now strengthening, dampening fears of an economic downturn.

Treasury Secretary Casts America as Global Capital’s Natural Home, Promises “Golden Age” for Investment and Industry.

Yesterday’s Breitbart Business Digest explained that the front-running on tariffs came from businesses and not from consumers. Today we expand on the evidence and explain why this is bullish for the economy.

Despite all the hand-wringing over stock market declines, stocks were basically unchanged in April.

Economists had been expecting 130,000 jobs and an unemployment rate unchanged at 4.2 percent.

The supposed culprit of the import surge—consumer panic buying—simply isn’t real. Consumers are not front-running the tariffs, and that is good news.

Larry Kudlow, Trump’s former NEC Director, points to business investment surge, tax policy tailwinds.

The disappointing headline GDP number was enough to spark another round of recession hand-wringing across Wall Street and the financial press. But the details tell a different story.

100 days into the Trump administration, inflation has come down to zero.

A surge of imports and decline of government spending caused the economy to contract at the start of 2025.

The American economy, like Mark Twain, may be forced to declare that rumors of its death are greatly exaggerated.

U.S. consumers’ confidence in the economic outlook fell sharply in April, driven by rising concerns over trade policy and financial market volatility, even as their assessment of current business and labor market conditions remained steady, according to a report released

U.S. businesses kept up plans to hire more workers, defying predictions of tariff-led hiring slowdown. Government openings fell, as the Trump administration’s agenda comes into focus.

Federal Reserve Governor Christopher Waller said last week that he would be inclined to look through a short-term rise in inflation stemming from newly proposed tariffs, signaling that he sees the labor market, rather than inflation alone, as the critical guide for monetary policy decisions in the months ahead.