John Carney - Page 13

GDP shrinks 0.5% on downward revisions to consumer demand and government spending.

Fed Chair Jerome Powell’s belief that tariffs will push prices higher might be based on a new working paper from the Boston Fed that relies on a flawed model.

High interest rates are increasingly a drag on the housing market.

The Fed chair once warned against using speculative forecasts to drive policy. Now he’s doing exactly that.

Oil prices sunk more than three percent early Tuesday morning.

For much of this year, the Federal Reserve has held interest rates steady after a series of cuts in late 2024. But that fragile consensus may be breaking.

Bowman’s comments come just days after Fed Governor Christopher Waller also said he could support a July cut. T

Despite the geopolitical shock, the modest scale of the rally suggested traders were not yet pricing in a prolonged disruption to global supply—or doubted that Iran would escalate in a way that threatens oil flows.

President Trump has a rare opportunity to break the cycle of the Fed’s bureaucratic groupthink. Here are three decisive moves he can make.

Federal Reserve Governor Christopher Waller said Friday that the central bank could begin lowering interest rates as soon as next month, arguing that inflation has cooled and that policymakers should not wait for the labor market to weaken before acting.

or years, critics have warned that presidential use of tariff authority threatens the separation of powers.

“TOO LATE’s an American Disgrace!” Trump wrote.

The Federal Reserve announced definitively on Wednesday that President Trump’s tariff policies are forcing a more aggressive stance on inflation.

The Fed says it expects tariffs will trigger higher inflation later this year.

The President joked that maybe he should appoint himself to the Fed.

Housing starts declined 9.8 percent in May to the slowest pace since the pandemic-striken June 2020.

Retail sales fell in May, but beneath the surface, the picture of the American consumer remains solid—and in many categories, unexpectedly strong.

U.S. business inventories were unchanged in May while sales dipped slightly, according to data released Tuesday by the Census Bureau. The figures suggest that the recent expansion of tariffs has not produced significant economic disruption, with firms showing no signs

U.S. manufacturing output rose slightly in May, lifted by strong gains in business equipment and motor vehicle production, even as other parts of the industrial economy remained weak. The Federal Reserve reported Tuesday that manufacturing output increased 0.1 percent last

Pre-tariff measures show subdued cost pressures despite trade tensions.

A closer look at the data shows continued strength in several core spending categories, underscoring the unusual dynamics created by shifting tariffs, falling inflation, and front-loaded demand earlier in the spring.

Businesses invest more when it’s cheaper to do so. A new study puts numbers on just how much more—and the results could reshape the tax debate unfolding in the U.S. Senate. The paper, released Monday by the National Bureau of

The critics of dollar dominance may speak loudly and often; but in practice, the dollar still rules.

Consumer sentiment soared in early June, rising for the first time in six months and posting its strongest monthly gain since January 2024, according to preliminary data released Friday by the University of Michigan. The university’s closely watched index of

Tariffs aren’t squeezing consumers. They’re squeezing foreign suppliers and protecting the American wage base.

As speculation builds over who might eventually succeed Jerome H. Powell as chair of the Federal Reserve, Treasury Secretary Scott Bessent says he is not seeking the role and remains focused on his current post.

Middle-Class and High-Income Households Gain the Most; Losses Concentrated in Welfare Benefits.

Tariffs are not raising prices for final demand goods and services in the U.S., as another round of inflation data comes in softer than expected.

Real wages are rising. Prices are not. The economy is healing—not in theory or through tortured revisions, but in real-time and at the household level.

Treasury Secretary Scott Bessent defended a key provision of the Trump administration’s One Big Beautiful Bill, saying it would stop foreign governments from siphoning hundreds of billions of dollars in tax revenue from U.S. companies.

LONDON — The United States and China have agreed to a new trade framework aimed at restoring a stalled truce and stabilizing key economic ties. The agreement, reached during two days of talks at Lancaster House in London, includes provisions on critical mineral exports, tariff levels, and Chinese student access to U.S. universities.

U.S consumer prices barely rose at all in May, the fourth straight month of mild inflation and a sign that the Trump administration’s tariffs have not raised prices on American households. The consumer price index, the government’s main inflation indicator,

LONDON—The marathon trade talks between the U.S. and China ended before midnight on Tuesday, bringing to an end the second day of talks that had begun nearly 14 hours earlier. “We have reached a framework to implement the Geneva consensus

Treasury Secretary Bessent left the trade talks, which now continue with the U.S. side led by Commerce Secretary Lutnick and U.S. Trade Representative Greer.

Trade talks between the U.S. and China resumed shortly after 8 p.m. in London, a Treasury spokesman said Tuesday night.

Trade negotiations on Tuesday have gone on for much longer than expected.