Yellen says Chinese response possible on expected U.S. tariff action
The United States could see a significant response from China following any U.S. tariff actions, U.S. Treasury Secretary Janet Yellen…
Inflation outlook rises, fueled by expected increases for housing costs, New York Fed survey shows
Consumers in April raised their expectations for price increases both in the near and longer term, fueled by higher inflation…
Behind America’s divided economy: Booming luxury travel and a jump in ‘relief’ loans
At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending…
Consumer sentiment tumbles as inflation fears surge
Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey…
The U.S. is now Germany’s biggest trading partner — taking over from China
After years of China being Germany’s main trading partner, the U.S. looks like it’s quietly taking that top spot as…
Weekly jobless claims jump to 231,000, the highest since August
Initial filings for unemployment benefits have hit their highest level since late August 2023, a potential sign that an otherwise…
Stanley Druckenmiller gives Biden’s economic policies an ‘F,’ blames the Fed for reigniting inflation
Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden’s chances at getting…
Renters’ hopes of being able to buy a home have fallen to a record low, New York Fed survey shows
The dream of home ownership has gotten even further away for renters, with higher housing costs and elevated interest rates…
Immigrant workers are helping boost the U.S. labor market
The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age…
