Trump acknowledges China policies could mean U.S. economic pain
President Donald Trump said Tuesday his aggressive China trade policies might mean economic pain for Americans but insisted they’re needed for more important long-term benefits.
Economy
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Trump confirms he’s considering temporary payroll tax cut
The White House has, in recent days, sought to exude confidence about the economy’s strength while at the same time hunting for ways to bolster business and consumer confidence.
Economists survey: 74% expect U.S. recession by end of 2021
The economists surveyed were skeptical about prospects for success of the latest round of U.S.-China trade negotiations. Only 5% predicted that a comprehensive trade deal would result.
Hoosier manufacturers say they’ve been prepping for recession
Companies banged up during the Great Recession a decade ago have been preparing for the next slowdown by keeping workforces lean, adding technology and avoiding excessive debt.
Weak global growth likely to mean U.S. slowdown, not recession
Most analysts expect the U.S. economy to power through the rough patch, at least in the coming months, on the strength of solid consumer spending and a resilient job market.
U.S. retail sales rise strongly in sign of consumer optimism
Online retailers, grocery stores, clothing retailers and electronics and appliance stores all reported strong gains.
Analysis: Is U.S. economy nearing a recession?
For now, most economic signs appear solid. Employers are adding jobs at a steady pace, the unemployment rate remains near a 50-year low and consumers are optimistic.
Major stock indexes fall 3% after indicator warns of possible recession
The yield on the 10-year Treasury briefly dropped below the two-year Treasury’s yield Wednesday morning for the first time since 2007. The so-called inversion has correctly predicted many past recessions.
U.S. wholesale prices see modest July increase
U.S. wholesale prices ticked up just 0.2% in July, the latest sign that inflationary pressures are largely in check.
Treasury Department designates China a ‘currency manipulator’
The United States and China traded blows in an unrestrained economic conflict Monday that sent stock markets plunging and threatened to inflict significant damage on a weakening global economy.
July U.S. jobs report shows solid gains amid trade frictions
U.S. employers slowed their hiring in July, but added a still-healthy number of jobs. Average hourly earnings increased 3.2% from a year ago, up from annual gains of 3% in June.
Richer U.S. households fueling hot job sector: ‘wealth work’
In an era that has witnessed a steady loss of manufacturing jobs, wealth positions hold one major distinct advantage: Because these jobs require personal interaction, they are immune to the threat of automation and outsourcing.
U.S. consumer confidence rebounds sharply in July
The bounce back from last month’s drop was much stronger than economists expected.
U.S. retail sales jump in June in sign of consumer health
Measures of consumer confidence remain historically high and June’s retail sales figures suggest that consumer spending, which drives two-thirds of the economy, remains strong.
U.S. consumers increased spending 0.4% in May
The Commerce Department said Friday that incomes rose 0.5% in May and inflation remained tame, increasing just 1.5% in the past year.
Latest estimate shows economy grew at solid rate in first quarter
The U.S. economy grew at a healthy 3.1% rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter.
American consumers step up retail spending
The latest retail report suggests that American consumers are still spending at a healthy pace, even as the stimulus from tax cuts fades.
Holcomb administration pushes $1 billion tax hike for unemployment fund
The proposed 17% increase would bring the premiums paid by companies to a level recommended by the federal government, which is meant to prepare the unemployment fund for the next recession.
U.S. employers add just 75,000 jobs; unemployment rate stays 3.6%
The tepid job growth, along with rising pressures on the economy, makes it more likely that the Federal Reserve will cut rates in the coming months.
GDP revised down slightly for first quarter, to still-solid 3.1% rate
The U.S. economy grew at a solid rate in the first three months of the year, but much of that gain was based on temporary factors that likely will fade, leaving growth much slower in the current quarter.