Fed to Decide on Rates As Trumps Tariffs Cloud Economic Outlook
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Stocks drift higher as investors await Fed decision on interest rates
Federal Reserve Chairman Jerome Powell's face tough challenge — offering anchor to investors in a sea of uncertainty.CBS News - 23h -
The Fed holds rates firm—here's what it means for your money
Borrowing costs will drop slightly by the end of 2025, says a newly revised forecast by the Federal Reserve.CNBC - 19h -
Trump floats 250% tariff on dairy from Canada
Jerome Powell's remarks came as Trump threatened new tariffs on Canada.ABC News - Mar. 7 -
The U.S.-Canada trade war could signal a shift in economic ties, experts say
The U.S.-Canada trade war could shift economic ties as tariffs rise and tensions grow, raising concerns about future trade stability, experts say.CNBC - 5d -
Top shipping broker Clarksons says war and Trump tariff fears have hit revenues
Shares in FTSE 250 company fall by nearly a fifth as geopolitical turmoil pushes down freight rates. Business live – latest updates The world’s biggest ship broker has warned that geopolitical ...The Guardian - Mar. 10 -
Trump's economic troubles put Republicans on the defensive
President Donald Trump's full-speed-ahead approach to making radical change has forced his allies to fight from a defensive posture.NBC News - Mar. 13 -
Dick’s Sporting Goods faces tariff ‘unknowns’ and issues conservative outlook
“The convergence of sport and culture in our country has never been stronger, and with a series of major sporting events set to take place in the U.S.,” the company said.MarketWatch - Mar. 11 -
Small Businesses Still Struggle to Hire, Despite Rising Recession Fears
The NFIB’s monthly poll of entrepreneurs lists recruitment problems, inflation, and the general outlook for economic growth as leading concerns.Inc. - Mar. 11 -
Tariffs may be worth it, but Trump must level with the public about the coming pain
President Trump's tariffs on imported goods are causing prices to rise, resulting in American taxpayers paying the ultimate cost of the tariffs.The Hill - 6d -
For Trump, the Stock Market Matters, Until It Doesn’t. CEOs Disagree
As major indexes slide and investors worry, the president abandons his longtime claim that Wall Street performance is the only economic metric that matters, and digs in on import tariffs most ...Inc. - Mar. 12 -
Trump on if he's expecting recession this year: 'I hate to predict things like that'
President Trump faced a slew of questions about the economic ripple effects of his tariff policy during an interview with Maria Bartiromo on Fox News, including whether he worried about a looming ...The Hill - Mar. 9 -
Bill O'Reilly: Trump should be 'looking to reassure Americans' on economy
Former Fox News host Bill O'Reilly believes President Trump should be concerned about getting his economic message across as Americans face the rocky impact of his tariff policies and continued ...The Hill - Mar. 11 -
Keir Starmer’s poll ratings leap after Trump withdraws support for Ukraine
Around 30% of voters say they prefer Labour for dealing with ‘allies against threats to the UK’ in boost to party leader. Keir Starmer’s approval ratings have shot up since Donald Trump returned to ...The Guardian - Mar. 8 -
How Canadians are reacting to Trump's tariffs
In a country known for its politeness, there is growing outrage in Canada over President Donald Trump’s steel and aluminum tariffs. Social media has erupted with calls to buy Canadian and boycott ...NBC News - Mar. 13 -
What are tariffs and why is Trump using them?
Tariffs are a central part of Trump's political vision, but economists fear they could spark a trade war.BBC News - Mar. 12 -
Trump pledges to match EU and Canada's retaliatory tariffs
Trump repeated trade threats after the European Union and Canada retaliated to US steel and aluminium tariffs.BBC News - Mar. 12 -
Trump threatens 200% tariff on alcohol from EU
Wine and spirits will be taxed, Trump says, if the EU does not remove tariffs on US whiskey.BBC News - 6d -
The Indo-Pacific grapples with a reckless China and feckless US
Increasing uncertainty clouds the region’s future as it tries to decipher Trump’s line on BeijingFinancial Times - 6d -
Trump threatens 200% tariff on E.U. wine and liquor
President Donald Trump threatened Thursday to impose 200% tariffs on alcohol from the European Union in response to the region's retaliatory 50% tariff on U.S. whiskey, further escalating tensions ...NBC News - Mar. 13 -
Trump threatens big tariffs on European Union's alcohol
President Trump is threatening a steep tariff on all alcohol from the European Union after a retaliatory tariff on popular U.S. goods was announced. CBS MoneyWatch correspondent Kelly O'Grady reports.CBS News - 6d -
Global stock markets register heavy falls as White House tries to talk up Trump tariffs
Dow, S&P 500, Nasdaq and Nikkei all down by at least 2% and Tesla shares fall 15% for worst day since September 2020. Global stock markets have continued to fall amid fears that a wide-ranging ...The Guardian - Mar. 10 -
Slower economic growth is likely ahead with risk of a recession rising, according to the CNBC Fed Survey
The 32 survey respondents, who include fund managers, strategists and analysts, raised the probability of recession to 36% from 23% in January.CNBC - 2d -
Bank of America's CEO says economic growth is 'better than people think' and the Fed should stay on hold
The Bank of America CEO said Wednesday that consumers are continuing to spend and growth should be solid though slower this yearCNBC - 23h -
Trump economic adviser: US 'launched a drug war, not a trade war' with Mexico, Canada
Kevin Hassett, the Trump administration’s National Economic Council director, said the United States has not launched a trade war with Mexico and Canada but “a drug war.” Hassett joined ABC News’s ...The Hill - Mar. 9 -
Inflation and Gas Prices Just Hit 4-Year Lows. The Fed Won’t Care
Policymakers won’t cut interest rates in March, but pressure is mounting.Inc. - Mar. 13 -
The Guardian view on US-Europe relations: Britain is coming to a fork in the road | Editorial
For now Keir Starmer can say there is a middle way, but Donald Trump will soon force Britain to pick a side. No country can avoid the economic impact of Donald Trump’s aggressive trade policy. ...The Guardian - Mar. 12 -
The team behind Trump’s economic shock therapy
The US president’s officials are standing by their strategy to remake the world’s largest economyFinancial Times - Mar. 12 -
The Trump team administering economic shock therapy
Also in today’s newsletter, government spending hit a record high last monthFinancial Times - Mar. 13 -
Canadians drop their politeness in the wake of Trump's tariffs
President Donald Trump’s tariffs on Canadian goods are eroding the inherent politeness of Americans’ northern neighbors and rallying them around their own flag.NBC News - Mar. 8 -
Trump Administration to Confront Countries With New Tariff ‘Number’
Treasury Secretary Scott Bessent provided new details into how President Trump will roll out a sweeping and elusive tariff measure planned for April 2.The New York Times - 1d -
Republicans worry Trump's tariffs could harm economy
Republican lawmakers are growing alarmed over signs that President Trump’s expanding trade war is hurting the economy, something they’re hearing from constituents at home who are struggling to ...The Hill - Mar. 10 -
Avocado grower Mission Produce says it will try to work around Mexico tariffs, but holds off on predicting exact impact
Avocado grower Mission Produce Inc. on Monday said it would try to work around any tariffs on imports from Mexico, but its outlook for the months ahead didn’t include the impact of those extra ...MarketWatch - Mar. 11 -
CNBC Daily Open: U.S. markets slump as Trump dismisses economic fears
Aiming to boost the economy, U.S. President Donald Trump is firing off a salvo of policies and causing collateral damage within the country’s own borders.CNBC - Mar. 11 -
Trump economic team’s effort to calm recession fears falls flat
Calling bad news a temporary phenomenon didn’t work out well for Biden and it won’t for Trump, former Treasury Secretary Larry Summers said.MarketWatch - Mar. 12 -
Treasury Secretary Scott Bessent "not concerned" about market volatility
Treasury Secretary Scott Bessent is trying to reassure the public about the state of the economy amid recent market struggles following President Trump's tariff threats. David Wessel, Brookings ...CBS News - 6d -
Trump’s Tariffs on Steel and Aluminum Take Effect
President Trump imposed a 25 percent tariff on metal imports. The move is expected to raise costs for U.S. manufacturers of cars, solar panels and other products, potentially slowing the economy.The New York Times - Mar. 12 -
Trump says tariff approach shows 'flexibility' not 'inconsistency'
President Trump on Wednesday disputed that his repeated threats of tariffs followed by exemptions or backtracking was not a case of inconsistency, but of “flexibility,” even as the approach has ...The Hill - Mar. 12 -
Rubio, Brennan tangle over Trump’s tariff impacts
Secretary of State Marco Rubio joined CBS News’s Margaret Brennan on Sunday’s “Face the Nation,” where he was pressed about the implications of President Trump’s tariff plan. “Isn’t there a risk ...The Hill - 3d -
Trump’s Tariff Policies Jolt Auto Industry Executives
President Trump’s approach to tariffs has unsettled many corporate leaders who believed he would use the levies as a negotiating tool. As it turns out, he sees them as an end in themselves.The New York Times - 1d -
Powell: Trump tariffs will 'delay' progress against inflation
Federal Reserve Chair Jerome Powell warned Wednesday that President Trump's new tariffs will likely make it harder for the central bank to bring prices down. While Powell did not mention the ...The Hill - 19h