Scott Horsley
Stories
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Trump announces a new round of tariffs
President Trump has ordered steep new tariffs on imported drugs, home furnishings, and trucks. The president's import taxes are pushing inflation higher. But that's not slowing consumer spending.
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Grocery prices have jumped up, and there's no relief in sight
Groceries saw their biggest jump in nearly three years last month, a worrisome sign for inflation-weary shoppers. Tariffs are contributing to higher prices for imported staples like bananas and coffee.
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Facing Trump's pressure, the Federal Reserve cuts rates for the first time this year
The Federal Reserve lowered its benchmark interest rate for the first time this year, but President Trump is demanding bigger rate cuts.
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Facing Trump's pressure, the Fed is likely to cut rates for the first time this year
The Fed is likely to lower interest rates by a quarter percentage point Wednesday in an effort to cushion the sagging job market. The move comes as policymakers face growing pressure from Trump.
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Appeals court says Lisa Cook can stay on the Federal Reserve board -- for now
A federal appeals court blocked President Trump from firing Federal Reserve governor Lisa Cook, just ahead of a key vote on interest rates.
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Inflation climbs in August as grocery and gas prices jump
Inflation accelerated in August as Americans paid more for gasoline and groceries. Over the last 12 months, consumer prices have risen 2.9%.
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Federal judge blocks Trump from firing Fed Governor Lisa Cook, for now
Federal Reserve Governor Lisa Cook won a round in federal court in her bid to keep her job despite President Trump's effort to fire her.
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BLS revision shows hiring was overstated by 911,000 jobs in past year
The U.S. likely added 900,000 fewer jobs in the 12 months ending in March than had been reported, according to a preliminary Labor Department report.
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Why the recent unemployment numbers matter
The Labor Department released another disappointing jobs report this past week. A month ago, a government number cruncher got fired for that. How much faith should be put in the government's economic data?
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August jobs report shows cracks in U.S. labor market
U.S. employers added just 22,000 jobs in August, according to a report from the Labor Department, while revised figures showed a net loss of jobs in June for the first time since 2020.
