Economic News and Analysis

The latest news and analysis about the health of the US economy.

(Bloomberg) -- Oil headed for a third weekly advance as the market braced for more tariffs from the Trump administration due early next week.Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesGold-Rush Fever Returns to Historic New Zealand Mining TownBrent traded near $74 a barrel after closing 0.3% higher on

Oil Poised for Third Weekly Gain Ahead of More Trump Tariffs

(Bloomberg) -- Oil headed for a third weekly advance as the market braced for more tariffs from the Trump administration due early next week.Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesGold-Rush Fever Returns to Historic New Zealand Mining TownBrent traded near $74 a barrel after closing 0.3% higher on
Bloomberg 51 minutes ago
SSNLF
Oil holds near one-month high, set for third week of gains amid supply woes

Oil holds near one-month high, set for third week of gains amid supply woes

SINGAPORE (Reuters) -Oil prices eased a touch but held near one-month highs on Friday as they headed for a third weekly gain on a tightening global supply outlook after the U.S. imposed tariffs against countries buying oil from Venezuela and placed curbs on Iranian oil trade. U.S. President Donald Trump on Monday announced new 25% tariffs on potential buyers of Venezuelan crude, days after U.S. sanctions targeting China's imports from Iran. The order added fresh uncertainty to buyers and saw trade of Venezuelan oil to top buyer China stall.
Reuters 2 hours ago
Fed's Barkin: Auto firms under tariffs will face tough choices on pricing, margins

Fed's Barkin: Auto firms under tariffs will face tough choices on pricing, margins

Richmond Federal Reserve President Tom Barkin said he did not expect consumers to face the full brunt of the 25% tax the Trump administration has set on imported cars, but added firms will have difficult choices ahead on pricing and profit margins. "My instinct is that the blunt top line number will not be the number that is faced by consumers," Barkin said. For the Fed that could mean spillovers to the job market if firms try to limit price hikes by shedding workers.
Reuters 6 hours ago
'Nothing short of a myth': US oil execs blast Trump's 'drill, baby, drill' mantra

'Nothing short of a myth': US oil execs blast Trump's 'drill, baby, drill' mantra

"Tariff policy is impossible for us to predict and doesn't have a clear goal. We want more stability."
Business Insider 6 hours ago
Fed's Collins says it is clear tariffs will drive inflation up near term

Fed's Collins says it is clear tariffs will drive inflation up near term

(Reuters) -Federal Reserve Bank of Boston President Susan Collins said on Thursday that Trump administration tariffs will drive up U.S. inflation but it is unclear how persistent that upward pressure will be. "It looks inevitable that tariffs are going to increase inflation in the near term" and it seems more likely than not right now the jump will be short-lived, she said in an appearance in Boston. But "there are risks" the higher price pressures could prove more enduring, she noted, and the details and reactions of those targeted by the tariffs matter a lot in determining how much prices will be affected.
Reuters 7 hours ago

Featured Content

The Fed has a new favorite word: 'Uncertainty'

The Fed has a new favorite word: 'Uncertainty'

The one certainty for Federal Reserve policymakers at the moment is that there is a high level of uncertainty about the US economic outlook.
Trump says larger tariffs could be imposed on Canada, EU if they work together to cause US 'economic harm'

Trump says larger tariffs could be imposed on Canada, EU if they work together to cause US 'economic harm'

"If the European Union works with Canada in order to do economic harm to the USA, large scale tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had," he said in a post on Truth Social. On Wednesday, Trump unveiled a 25% tariff on imported vehicles, expanding a global trade war and prompting criticism and threats of retaliation from affected U.S. allies.
Americans' expectations for the economy hit their lowest level in 12 years

Americans' expectations for the economy hit their lowest level in 12 years

Tuesday's reading is one of several that have shown weakening expectations for the economy among consumers.
Economic growth is 'moderating.' But data doesn't show clear signs of a looming recession.

Economic growth is 'moderating.' But data doesn't show clear signs of a looming recession.

US economic growth has slowed in 2025 but not at a rapid enough pace to worry economists and prompt recession calls.
Federal Reserve's future policy path 'highly uncertain' as Powell downplays forecasts on heels of Trump unknowns

Federal Reserve's future policy path 'highly uncertain' as Powell downplays forecasts on heels of Trump unknowns

Experts warn the Federal Reserve's latest projections could unravel as the unknowns of Trump 2.0 cloud the path forward.
Fed sees 2 rate cuts in 2025, projects higher inflation and lower economic growth

Fed sees 2 rate cuts in 2025, projects higher inflation and lower economic growth

The Federal Reserve maintained its previously expected pace of rate cuts but signaled higher inflation and a slowdown in economic growth for 2025.
Fed holds rates steady, sees slower growth and higher inflation amid Trump uncertainties

Fed holds rates steady, sees slower growth and higher inflation amid Trump uncertainties

The Federal Reserve held interest rates steady Wednesday as policymakers stay cautious amid the uncertainty of President Trump’s economic policies.
A wavering stock market turns to Fed Chair Powell, 'dot plot' projections to ease 'stagflation' fears

A wavering stock market turns to Fed Chair Powell, 'dot plot' projections to ease 'stagflation' fears

All eyes are on the Federal Reserve as markets look for clues on the path forward for interest rates and the US economy.
Builder confidence drops in March to lowest level in 7 months

Builder confidence drops in March to lowest level in 7 months

Builders are feeling less confident about the housing market as they navigate economic uncertainty, the threat of tariffs, and high housing costs.
Retail sales rise less than expected in February

Retail sales rise less than expected in February

Monday's retail sales report comes as investors have been watching closely for any further signs of slowing economic growth.
Stocks Fall as Trade War Clouds Economic Outlook: Markets Wrap

Stocks Fall as Trade War Clouds Economic Outlook: Markets Wrap

(Bloomberg) -- Stocks fell after the US pushed ahead with tariffs on automakers, reinforcing concern about a widening trade war and offsetting data that showed faster-than-estimated growth in the world’s largest economy.Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesGold-Rush Fever Returns to Historic New
Bloomberg 8 hours ago
^GSPC
Venezuela Currency Crashes as Trump Tariffs Choke Oil Sales

Venezuela Currency Crashes as Trump Tariffs Choke Oil Sales

(Bloomberg) -- Venezuelans are snapping up dollars, sending the local currency crashing to record lows as concern mounts that the Trump administration is throttling the country’s oil industry and tipping the economy back into crisis.Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesGold-Rush Fever Returns to
Bloomberg 8 hours ago
Fed's Barkin: Extensive uncertainty could hit demand, policy in good place awaiting more clarity

Fed's Barkin: Extensive uncertainty could hit demand, policy in good place awaiting more clarity

The Federal Reserve's current "moderately restrictive" monetary policy is right for an environment with an abnormal amount of uncertainty and fast changes taking place in U.S. government policy, Richmond Fed President Tom Barkin said on Thursday. Barkin, in prepared remarks for an economics lecture at Washington and Lee University, did not directly address the potential fallout from the 25% auto tariffs announced on Wednesday by President Donald Trump. But like other Fed officials of late, Barkin was at least entertaining the idea that the suite of tariffs being rolled out by Trump could lead to higher-than-expected inflation, though the impact of that could also be offset by tax and regulatory policies still to come.
Reuters 8 hours ago
Trump's Latest Round Of Tariffs Set to Make Cars More Expensive, Stoke Inflation

Trump's Latest Round Of Tariffs Set to Make Cars More Expensive, Stoke Inflation

President Donald Trump's latest round of tariffs will likely push up the price of cars and could keep inflation pressures high at least through this year.
Investopedia 9 hours ago
Oil Edges Up as US Stockpile Decline Overshadows Wider Trade War

Oil Edges Up as US Stockpile Decline Overshadows Wider Trade War

(Bloomberg) -- Oil edged higher as signs of tighter near-term supply-and-demand balances overshadowed an intensifying global trade war that threatens to crimp global energy consumption. Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesGold-Rush Fever Returns to Historic New Zealand Mining TownWest Texas Inte
Bloomberg 10 hours ago
C
CBO sees US deficits rising over 30 years, economic growth slowing

CBO sees US deficits rising over 30 years, economic growth slowing

The U.S. Congressional Budget Office on Thursday projected significant increases in federal budget deficits and debt over the next 30 years, in part due to rapidly rising interest costs, as it sketched out sluggish economic growth and a shrinking workforce. The U.S. public debt meanwhile is seen rising alarmingly, to 156% of GDP in 2055 from 100% in 2025. As the non-partisan budget analyst for Congress, the CBO bases its projections on current law, which could change significantly in the short-term.
Reuters 11 hours ago