Powell says tariffs will spur inflation, slow growth; Fed on hold

Policymakers in coming months may face difficulty meeting their dual mandate to ensure stable prices and maximum employment, Federal Reserve Chair Jerome Powell said.

By Jim Tyson • April 4, 2025

Continuing jobless claims hit highest level since 2021 as tariffs bite

Import duties announced this year, if not blunted, would slow economic growth by 1 percentage point in 2025, according to EY.

By Jim Tyson • April 3, 2025

Trump installs 10% baseline tariff, country-specific duties

The president said he will levy import taxes on China, Japan and others equal to half of what they charge the U.S. based on White House calculations.

By Philip Neuffer • April 2, 2025

US manufacturing output, employment fall as tariffs fuel higher prices

“Newly implemented tariffs are significantly impacting gross profits,” the Institute for Supply Management quoted an unidentified survey panelist as saying.

By Jim Tyson • April 1, 2025

Consumer spending during Q1 shrinks for first time since pandemic

“Stockpiling ahead of potential tariff implementation on a wide range of consumer goods could lead to a pullback in goods spending later this year,” the Conference Board said.

By Jim Tyson • March 31, 2025

With Pillar Two here, focus on 3 areas

Pillar Two upends global tax. Leaders should focus on three areas for efficient and effective compliance.

March 31, 2025

Rising prices, weak consumer spending spotlight ‘stagflation’ risk

Public- and private-sector economists have flagged inflation risks and marked down estimates for economic growth this year, warning of the potential harm from tariffs.

By Jim Tyson • March 28, 2025

US will charge 25% tariffs on foreign-made cars

The increased duties will go into effect April 2, President Donald Trump said Wednesday.

By Kelly Stroh • Updated March 26, 2025

Consumer expectations for future plunge to 12-year low on tariff anxiety

Pessimism about price pressures rose, with expectations for inflation in 12 months increasing to 6.2% this month from 5.8% in February, the Conference Board said.

By Jim Tyson • March 25, 2025

Manufacturing slows as tariffs, policy shifts dim expectations: S&P

Inflation in both goods and services prices accelerated in March to the fastest pace in 23 months, hitting a 31-month high in manufacturing, S&P Global said.

By Jim Tyson • March 24, 2025

Closing carried interest tax loophole could drive predatory PE practices

The tax break incentivizes private equity firms to keep businesses for more than three years. Eliminating it could have unintended consequences, a private equity CEO writes. 

By Kade Thomas • March 21, 2025

Economic data ‘point to headwinds ahead,’ Conference Board says

Economists at several organizations have recently warned of trade war risks and forecast slower economic growth this year.

By Jim Tyson • March 20, 2025

Fed holds main rate steady, forecasts higher inflation, slower growth

“Growth looks like it's maybe moderating a bit, consumer spending moderating a bit, but still at a solid pace,” Fed Chair Jerome Powell said during a press conference.

By Jim Tyson • Updated March 19, 2025

Retail sales lag expectations after falling in January

A report of weak retail sales in February aligns with a 0.5% decline in overall consumer spending in January.

By Jim Tyson • March 17, 2025

Tariffs trigger ‘horrific’ plunge in consumer sentiment

Federal Reserve officials, scheduled to assess monetary policy during a March 18-19 meeting, will likely zero in on a jump in long-term inflation expectations.

By Jim Tyson • March 14, 2025

Inflation rises less than expected as new tariffs spur price worries

Concern about the inflationary impact from tariffs has eroded confidence among both businesses and consumers, according to recent surveys.

By Jim Tyson • March 12, 2025

Small business optimism sags amid ‘uncertainty whiplash’: NFIB survey

“The economy is still growing, but at a slower and slower rate — storm clouds are forming,” the NFIB said.

By Jim Tyson • March 11, 2025

91% of economists expect big, tariff-fueled price surge: Wolters Kluwer

Despite persistent inflation, economists predict the Federal Reserve will trim the main interest rate by 0.42 percentage point this year, Wolters Kluwer found in a survey.

By Jim Tyson • March 10, 2025

Fed holding rates steady while gauging impact from Trump tariffs: Powell

Inflation will probably continue to follow a “bumpy” path down to the central bank’s 2% target, Fed Chair Jerome Powell said.

By Jim Tyson • March 7, 2025

Bessent ‘not worried about inflation’ amid Trump’s tariff offensive

Revenue from new import duties “could be very substantial,” Treasury Secretary Scott Bessent said.

By Jim Tyson • March 6, 2025

Companies see year-ahead inflation rising to as high as 4%: NY Fed

Trump administration tariffs risk stoking inflation, disrupting supply chains and undermining corporate earnings, Bank of America Securities analysts said.

By Jim Tyson • March 5, 2025

Tariffs likely to fuel inflation ‘relatively soon,’ Fed’s Williams says

Concern about U.S. import duties “is clearly influencing how people are thinking about inflation this year,” New York Federal Reserve Bank President John Williams said.

By Jim Tyson • March 4, 2025

Trump tariffs: March madness runs down the clock

Stocks slumped Monday after President Trump reasserted U.S. tariffs on imports from Canada and Mexico would go into effect Tuesday.

By Maura Webber Sadovi • Updated March 3, 2025

Inflation to persist above 2% Fed goal into 2027 or later: NABE

Traders in interest-rate futures increased the odds that the Federal Reserve this month will continue its pause on easing borrowing costs.

By Jim Tyson • March 3, 2025

Consumer spending falls, highlighting fading confidence

Two closely tracked gauges of consumer confidence slid in February, pushed down by concerns about import duties enacted by the Trump administration.

By Jim Tyson • Feb. 28, 2025