Tag: U.S. Economy
Trump to Nominate E.J. Antoni as BLS Commissioner
Heritage Foundation economist tapped for top labor statistics role President Donald Trump announced Monday that he intends to nominate E.J. Antoni, chief economist at the [more…]
July CPI to Test Impact of Tariffs on Inflation
Report expected to show slight acceleration The July Consumer Price Index, set for release Tuesday at 8:30 a.m. ET, is projected to reveal an annual [more…]
Reinhart Warns of Rising Recession Risk in U.S. Economy
Former World Bank economist cites tariffs, Fed tensions Carmen Reinhart, Harvard professor and former chief economist at The World Bank, is warning that recession risks [more…]
Jobless Claims Fall as Labor Market Remains Tight
Claims Drop to Seven-Week Low Despite Economic Uncertainty New applications for U.S. unemployment benefits fell to a seven-week low last week, signaling continued labor market [more…]
Luxury Shoppers Lose Confidence in U.S. Economy
Saks survey shows spending intent at lowest since April 2023 Affluent U.S. consumers are growing more cautious about the economy, according to the latest Saks [more…]
Trump Threatens 50% Tariff on EU Goods, Apple Faces 25% Levy
U.S. President Donald Trump renewed his trade war threats on Friday, signaling a potential 50% tariff on European Union goods starting June 1, alongside a [more…]
U.S. Fiscal Woes Grow as Global Investors Show Concerns
The U.S. government’s fiscal situation, which has long been a concern in abstract terms, is now becoming more tangible. Signs are emerging that global investors [more…]
U.S. Services Growth Amid Inflation Pressures from Tariffs
The U.S. services sector showed growth in April, with the Institute for Supply Management (ISM) reporting a rise in its nonmanufacturing purchasing managers index (PMI) [more…]
GasBuddy Refutes Trump’s Claims on Record Low Gas Prices
Trump’s Gas Price Claims Contradicted by GasBuddy Data GasBuddy, a company that tracks fuel costs across the United States, has refuted President Trump’s claims of [more…]
US Economy Shows Weakest Growth Since 2022 Amid Trade Wars
The U.S. economy had its worst quarter since 2022, with gross domestic product (GDP) shrinking at an annualized rate of -0.3% in the first quarter, [more…]
