Consumer spending was stronger than expected in March as demand remained high despite declining sentiment, the Commerce Department reported Wednesday.The advanced estimate of retail sales showed an increase of 1.4% on the month, better than the 1.2% Dow Jones estimate and higher than the 0.2% increase in February. The...
Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City, U.S. November 12, 2024. Brendan Mcdermid | ReutersFederal Reserve Governor Christopher Waller said Monday he expects the impacts of President Donald Trump's tariffs on prices to be "transitory," embracing a term that got the...
People shop for produce at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty ImagesConsumer worries grew over inflation, unemployment and the stock market as the global trade war heated up in March, according to a Federal Reserve Bank of New York survey...
People shop in Bayonne, New Jersey on April 8, 2025. Charly Triballeau | Afp | Getty ImagesConsumer sentiment grew even worse than expected in April as the expected inflation level hit its highest since 1981, a closely watched University of Michigan survey showed Friday.The survey's mid-month reading on consumer sentiment...
Minneapolis Federal Reserve President Neel Kashkari said Friday that recent market trends show investors are moving away from the U.S. as the safest place to invest while President Donald Trump's trade war escalates.With Treasury yields rising and the U.S. dollar sagging against its global counterparts in recent days, the...
Wholesale prices unexpectedly fell in March, setting up a favorable inflation backdrop as President Donald Trump began intensifying tariffs against U.S. trading partners, the Bureau of Labor Statistics reported Friday.The producer price index, considered a leading indicator for pipeline inflation pressures, declined a seasonally adjusted 0.4% for the month,...
Consumer price inflation eased more than expected in March as President Donald Trump prepared to launch tariffs against U.S. trading partners, the Bureau of Labor Statistics reported Thursday.The consumer price index, a broad measure of goods and services costs across the U.S. economy, fell a seasonally adjusted 0.1% in...
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, DC, US, on Wednesday, March 12, 2025.Al Drago | Bloomberg | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Wednesday he sees the U.S. economy likely headed to recession as President...
Job growth was stronger than expected in March, providing at least temporary reassurance that the labor market is stable, the Labor Department reported Friday.Nonfarm payrolls increased 228,000 for the month, up from the revised 117,000 in February and better than the Dow Jones estimate for 140,000, according to the...
U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump.Craig Hudson | Evelyn Hockstein | ReutersNow that President Donald Trump has set out his landmark tariff plans, the Federal Reserve finds itself in a potential policy box to choose between fighting inflation, boosting growth — or simply avoiding...