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While Federal Reserve Chair Jerome Powell says "the underlying inflation picture is good," tariffs could change all that.
The rate has stayed above 4% for more than two years as the Fed has aimed to lower inflation by keeping borrowing costs high.
Fed Chairman Powell said upside risks to both inflation and unemployment have increased since the central bank's last meeting ...
This situation could force the Fed to decide between ... difficulty in forecasting the impact due to various variables and the lack of recent precedent for tariffs at such high levels.
President Donald Trump might want a new, “America First” world, but in the race to control inflation the United States may ...
Walmart is the largest importer of container goods in the US, with approximately 60% of its imports coming from China.
NEW YORK (Reuters) -Investors grappling with uncertainty over the economic fallout from President Donald Trump's tariffs are facing ... up in the air. The Federal Reserve kept rates steady on ...
The Federal Reserve said Wednesday it is keeping its benchmark interest rate unchanged while officials further study the economic impact of President Donald Trump’s sweeping tariffs.
Trade wars are not fought with bullets — they’re fought with tariffs, rhetoric, and uncertainty. And uncertainty is the true ...
Inflation picked up speed in April after declining in March, according to data released Tuesday by the Labor Department. The ...