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.
LONDON — High-level trade negotiations between the United States and China resumed on Tuesday, as both sides seek to ease tensions over technology exports and critical mineral shipments.
LONDON — High-level trade negotiations between the United States and China will continue into a second day on Tuesday, as both sides seek to ease tensions over technology exports and critical mineral shipments.
The rare earths crisis was always going to arrive eventually. The surprise is not that it happened, but how little we did to prepare.
LONDON — American and Chinese delegations arrived at Lancaster House in London on Monday morning to begin a new round of trade negotiations, with rare-earth minerals and advanced technology at the center of the talks. The meeting follows a phone conversation last week between President Donald Trump and President Xi Jinping that helped pave the way for the diplomatic thaw.
The One Big Beautiful Bill Act isn’t a break from conservative economic thought. It’s a return to first principles: a belief that growth, not austerity, is the engine of prosperity.
Jobs come in higher than expected again, as economists continue to underestimate the strength of the economy under Donald Trump.
Tariffs aren’t just tools of trade. They’re instruments of tax reform. And in the hands of a new generation of economic nationalists, they’re poised to become something more: a new foundation for American prosperity.
Musk’s turn against Trump triggers a $180 billion drop in the company’s market value.
“We’re going to solve a lot of problems together,” Trump said. “And we’re going to do it very soon.”
Recent tariff increases by the Trump administration are expected to have the greatest impact on higher-income consumers, according to a new analysis from the Congressional Budget Office. While the tariffs are projected to raise prices modestly across all income groups,
The latest data on imports and exports paints a picture of a trade rebalancing rather than a trade war.
President Trump’s policy combination of renewed tariffs and extended tax cuts amounts to a reallocation of the tax burden away from domestic work and production and toward imported goods and global supply chains.
The report could support President Donald Trump’s claims that the Fed is behind the curve on interest rates and should have already started cutting.
China’s decision to slow walk approvals for rare-earth components highlights a crucial vulnerability in the U.S. economy.
The revenue from the tariffs would more than offset projected losses from tax cuts.
The private sector added just 37,000 workers to payrolls in May, according to payroll processor ADP. This is the lowest pace of hiring since March of 2023.
As the Trump administration looks to resolve the long-running conservatorship of Fannie Mae and Freddie Mac, three priorities have emerged.
The rise in openings and hires indicates that demand for worker is healthier than expected and employers are not reacting to uncertainty about tariffs and interest rates by slashing plans to grow payrolls.
If Christopher Waller’s view prevails at the Fed, it will mean that Washington no longer has to choose between stable prices and national economic strategy. Tariffs can be a tool, not a threat.
U.S. manufacturing activity sent conflicting signals in May, as two closely watched surveys diverged on the state of the industrial economy. The Institute for Supply Management’s (ISM) manufacturing index fell to 48.5, below the neutral 50 mark and under expectations
Trump’s trade actions are not outside the law—they are exactly what the law was designed to enable.
The fragile trade agreement between the United States and China is under new strain, as Beijing appears to be dragging its feet on a key provision: the resumption of rare-earth mineral exports. According to reporting by The Wall Street Journal
