News

Tariff-Induced Inflation Surge May Be Temporary, Fed Official Says
Christopher J. Waller argued that the effect of tariffs on prices could be short-lived, but he warned about a bigger hit to ...
NY Fed: March near term inflation expects jump amid souring sentiment levels
Americans’ expectations for near-term inflation hit the highest level since the fall of 2023 in March, amid a souring in the ...
Fed's Waller warns high tariffs could push inflation near 5% while economy slows 'to a crawl'
Fed governor Chris Waller warned that inflation could surge this year near 5% and economic growth could 'slow to a crawl' if the effective tariff rate remains at 25%. He believes the central bank may ...
Fed board member Waller sees stagflationary impact of tariffs
Christopher Waller, a member of the Federal Reserve’s board of governors, painted a stagflationary picture of President Trump’s tariff agenda Monday, arguing that the hit to economic growth ...
Americans braced for biggest unemployment rate jump since the pandemic as tariffs muddy outlook
A rising percentage of Americans are concerned about the labor market outlook as unemployment expectations reached their ...
Unemployment worries jump to highest level since 2020 in New York Fed survey
The New York Federal Reserve's new survey of consumer expectations found Americans are more pessimistic about the labor ...
Moving Markets: From Tariffs To Recession
Markets plunged on tariff fears, with the S&P 500 sliding and recession risks rising. Check out how a Fed move may impact the ...
Trading Day: Tariff relief, but how brief?
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
Dollar steady as traders grapple with tariff uncertainty, volatility
Still, currency markets were a lot calmer in early Asian hours after last week's turmoil that badly bruised the dollar despite a surge in Treasury yields, highlighting the shaky investor confidence in ...
Trump’s trade war threatens U.S. economy. Minneapolis Fed pres. sees ‘no easy choices.’
The Federal Reserve is in a bind. President Donald Trump has been pressuring the central bank to lower interest rates, even ...
Fed's Waller supports interest-rate cuts soon if large Trump tariffs remain in place
If President Donald Trump's large tariffs remain in place for some time, the economy is likely to slow to a crawl, Fed Governor Chris Waller said Monday, and interest-rate cuts would be warranted, ...