Hot Inflation Raises Stakes of Trump’s Tariffs
Hot inflation has raised the stakes of President Trump’s plans to escalate his use of tariffs on the country’s biggest trading partners, risking even higher consumer prices and pushing back the prospects of the Federal Reserve lowering interest rates soon.
With inflation gradually approaching the target annual rate of 2% and unemployment steadily increasing for most of 2024, the Fed decided it was time to cut interest rates. When the Fed cuts its ...
Employers added 143,000 jobs in January amid LA wildfires, cold weather and uncertainty over President Trump's trade and ...
US job growth slowed more than expected in January, but a 4.0% unemployment rate probably will give the Federal Reserve cover ...
But low unemployment and strong job growth have a downside: A robust job market can drive higher inflation, setting the Federal Reserve on a course to try to reduce it — which can mean a longer ...
prolonged inflation could weaken its purchasing power, posing long-term risks. Additionally, the widening gap between job openings and unemployment levels, as shown in the chart below, ...
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