Perhaps the best, or most positive, finding in the Federal Reserve’s latest qualitative survey of the economy and its prospects boils down to this: Economic activity, at least as measured in March, was mixed. In other words, things could have been worse. But across the...
Prices charged for goods and services rose at the sharpest rate seen in 13 months in April, with tariffs driving an especially steep increase in prices of manufactured goods, S&P Global said Wednesday (April 23). The rate of inflation in manufacturing hit a 29-month high,...
The International Monetary Fund (IMF) said Wednesday (April 23) that the world’s governments should not let their support for those impacted by tariffs add to their already growing level of debt. “Fiscal support for businesses and communities impacted by severe trade dislocations should be both temporary...
The International Monetary Fund (IMF) reduced its forecast for economic growth in the United States in 2025 amid tariffs and escalating trade tensions. In its World Economic Outlook released Tuesday (April 22), the IMF projected U.S. GDP growth at 1.8%, down from its January estimate of...
Many United States businesses involved in global trade are experiencing a sea of change and a sea change. The President Donald Trump administration doubled down on tariffs with its reinstated Section 232 measures, slapping 25% duties on steel imports and eliminating country exemptions while introducing...
Workers are willing to accept a lower wage for a new job amid a decline in several metrics for the labor market. “The average reservation wage — the lowest wage respondents would be willing to accept for a new job — dropped sharply to $74,236...
It might seem like a good time to take a vacation. With the news full of geopolitical tension, trade finance drama, shifting regulations and the fresh memory of a disruptive global health crisis, uncertainty has become the norm rather than the exception. But for most...
“Panic buying” in the U.S. could create an “artificially high” level of economic activity. That’s according to Federal Reserve Bank of Chicago President Austan Goolsbee, who discussed the uptick in purchasing by businesses and consumers in response to new tariffs Sunday (April 20) in an...
A wave of new economic surveys and projections this week will illustrate the impact of America’s tariff campaign. As Bloomberg News reports, these include a forecast from the International Monetary Fund (IMF) — expected Tuesday (April 22) — which will lower the group’s outlook for...
