U.S. Economy

Trump, Harris inflation arguments are questionable, Chicago Fed president says

Chicago Federal Reserve President Austan Goolsbee on Sunday warned against misrepresenting the inflationary impacts of corporate price hikes and tariffs,…

Here’s the deflation breakdown for July 2024 — in one chart

Inflation cooled below 3% in July 2024, the first time it dropped beneath that level in more than three years.…

UBS CEO says it’s too early to talk about a U.S. recession, but a slowdown is possible

ZURICH, Switzerland ꟷ UBS CEO Sergio Ermotti said Wednesday that market volatility could intensify in the second half of the…

Harris edges out Trump on who voters trust more with the economy, new poll finds

Vice President Kamala Harris is catching up to former President Donald Trump on the number of voters who trust her…

A ‘soft landing’ is still on the table, economists say

Recession fears led to a sharp stock-market selloff in recent days, with the S&P 500 index posting a 3% loss…

Sahm Rule creator doesn’t think that the Fed needs an emergency rate cut

The U.S. Federal Reserve does not need to make an emergency rate cut, despite recent weaker-than-expected economic data, according to…

Trump quiet on markets after stock rebound robs him of ‘Kamala Crash’ attack line

After using the market’s global sell-off as an opportunity to attack Vice President Kamala Harris, former President Donald Trump and…

Trump blames Harris, Biden for stock market meltdown after taking credit for past upswing

Republican presidential nominee Donald Trump on Monday blamed Vice President Kamala Harris for the stock market’s dramatic plunge, months after…

Jobless rates fall in July for Asian Americans, bucking the overall trend

The unemployment rate fell for Asian Americans from June to July, bucking a broader trend, according to data released Friday…

Here’s where the jobs are for July — in one chart

Hiring in the U.S. slowed significantly last month, with information and financial sectors registering job losses. The information services sector…