Scott Horsley
Stories
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Inflation cools in April — but tariffs could upend the picture in coming months
Consumer prices in April were up 2.3% from a year ago, the smallest annual increase in more than four years. Grocery prices fell 0.4%, thanks to a large drop in the price of eggs.
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First, relief. Then, a scramble to get stuff in after U.S. cuts China tariffs for now
Although business owners welcomed a temporary deal with China to slash tariffs, there's still considerable uncertainty about what happens next.
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Stocks soar after U.S. and China agree to temporarily slash tariffs
Stocks soared — and businesses breathed a sigh of relief — as the U.S. and China agreed to temporarily slash their triple-digit tariffs.
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Trump is looking to use the IRS for his own political ends. Nixon tried it too
President Trump is looking to use the IRS to achieve some of his political goals. Some experts see parallels with Nixon's efforts to interfere with the agency.
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Federal Reserve holds interest rates steady as Trump's tariffs spark uncertainty
Policymakers at the Federal Reserve voted on Wednesday to hold interest rates steady for now, while they wait to see how President Trump's trade war plays out in the U.S. economy.
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Federal Reserve expected to hold interest rates steady on Wednesday
The Federal Reserve is expected to hold interest rates steady today. The central bank is concerned that President Trump's tariffs could rekindle inflation while slowing economic growth.
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The Fed will likely hold interest rates steady as Trump's tariffs spark uncertainty
The Federal Reserve will likely hold interest rates steady Wednesday as President Trump's tariffs threaten to raise prices and drag down economic growth.
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Trump's trade war contracts the economy but job market holds up
President Trump's trade war continues. Numbers show the U.S. economy contracted this year but so far the job market is holding up pretty well.
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The U.S. job market cooled slightly as Trump's trade war heated up
U.S. employers added 177,000 jobs in April — a modest slowdown from the previous month, while the unemployment rate held steady at 4.2%.
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U.S. economy shrinks in the first quarter as economists warn of threats from tariffs
The U.S. economy contracted in the first three months of the year. Economists warn the months to come could also be challenging if President Trump's tariffs remain in place.
