Thousands of businesses won a victory when the U.S. Supreme Court ruled to overturn the White House's emergency tariffs, but the process of getting refunds has only just begun.
Read more …
Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate; inflation firms at 3%
The core PCE price index was expected to increase 3% from a year ago in December. GDP was projected to rise at a 2.5% pace in Q4.
Read more …
Indonesia's President Reaches Trade Deal Wiith US
The White House announced a reciprocal trade agreement with Indonesia while President Prabowo Subianto was in Washington to attend the first meeting of President Donald Trump's Board of Peace.Under the agreement reached Thursday, Southeast Asia's largest economy will...
Read more …
Inflation Rises More Quickly Than Expected to 3%
Underlying U.S. inflation increased more than expected in December, and signs are pointing to a further acceleration in January, which would strengthen expectations that the Federal Reserve would not cut interest rates before June.
Read more …
Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate
The core PCE price index was expected to increase 3% from a year ago in December. GDP was projected to rise at a 2.5% pace in Q4.
Read more …
US Economic Growth Slows to 1.4% in the Fourth Quarter
U.S. economic growth slowed more than expected in the fourth quarter amid disruptions from last year's government shutdown and a moderation in consumer spending, but tax cuts and investment in artificial intelligence were expected to support activity this year.
Read more …