IMF forecasts U.S. fiscal deficit will dip in 2025 thanks to higher tariff revenue The 191-nation fund credited higher tariff revenue for a somewhat smaller deficit projection.
If Trump wants rate cuts, he would likely need to replace the Fed's full board along with Powell Changing out the Federal Reserve chair doesn't guarantee rate cuts for President Donald Trump, according to Wall Street economists.
European Central Bank's Lagarde says she hopes Trump doesn't fire Fed's Powell The ECB last week cut interest rates by a further 25 basis points and warned of a 'deteriorated' growth outlook linked to tariff tensions.
IMF slashes 2025 U.S. growth forecast to 1.8%, citing trade tensions The Washington-based IMF, in its World Economic Report, cited intensifying downside risks as it lowered its growth projections.
Trump tariffs could lead to a summer drop-off in economic activity after an 'artificially high' start, Chicago Fed chief says Chicago Fed president Austan Goolsbee forecasts a potential short-term economic bump from President Trump's tariffs, followed by a summer drop-off.
Trump renews call for interest rate cut, says rates would be lower if Fed chief Powell 'understood what he was doing' President Donald Trump said once again on Friday that Federal Reserve Chair Jerome Powell should lower interest rates.
China targets U.S. services and other areas after decrying 'meaningless' tariff hikes on goods Beijing has wielded a wide range of punitive measures in recent days to strike back at Washington, including steps targeting American services sector.
Global trade outlook has 'deteriorated sharply' amid Trump tariff uncertainty, WTO warns The World Trade Organization has warned that the outlook for global trade has "deteriorated sharply" in the wake of President Donald Trump's tariffs regime.
Retail sales increased 1.4% in March, greater than expected Retail sales were expected to increase 1.2% in March, according to the Dow Jones consensus.
Fed Governor Waller sees tariff inflation as 'transitory' in 'Tush Push' comparison The central banker embraced. a term that got the central bank in trouble during the last bout of inflation.
Consumer sentiment tumbles in April as inflation fears spike, University of Michigan survey shows Consumer sentiment tumbles in April as inflation fears spike, University of Michigan survey shows
