Fed Chair Jerome Powell warns that President Trump's new tariffs could lead to soaring inflation and a slowdown in economic growth. As Wall Street reacts, experts predict significant impacts on jobs and consumer spending.
The Trump administration's recent tariffs on over 180 countries are anticipated to raise inflation and decelerate economic growth, as warned by Federal Reserve Chairman Jerome Powell. With significant tariffs imposed, including a staggering 54% on Chinese exports, recession fears loom larger than ever.
U.S. stock futures experienced a dramatic drop following President Trump's announcement of sweeping tariffs, raising fears of a global trade war. Major companies like Nike and Apple faced significant losses, with the S&P 500 heading into correction territory.
President Trump unveils a controversial tariff plan amidst warnings of economic slowdown. As political tensions rise with a Supreme Court upset, we dive into the implications for the nation.
Asian stocks stumble while gold hovers near record highs as investors anxiously await Trump’s tariff announcements, sparking fears of a global trade war. With rising prices and slowing growth on the horizon, uncertainty looms over the market.
Tokyo stocks experienced a dramatic drop on the last day of Japan's fiscal year, with the Nikkei index plunging 4% to a seven-month low, fueled by fears over U.S. tariffs impacting the economy.
S&P 500 futures rise slightly as investors hope for a recovery after a three-week downturn. Retail sales show modest growth, but concerns linger over Trump's tariff policies and economic slowdown.
In a surprising turn, retail sales rose 0.2% in February despite inflation worries, showcasing consumer resilience. Key sectors like online retail and personal care saw growth, but bars and gas stations faced declines.
Despite fears of an economic slowdown, February retail sales showed unexpected growth, rising 0.2%. Experts weigh in on consumer spending and inflation's impact on the economy.
Treasury Secretary Scott Bessent warns of potential financial crisis due to high government spending but assures that the Trump administration is taking steps to reset the economy. With market volatility and rising deficits, is the U.S. truly on a sustainable path?
