Scott Horsley
Stories
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The job market is showing signs of weakness as Trump's tariffs take effect
U.S. employers added just 73,000 jobs in July, according to a report from the Labor Department Friday, as the unemployment rate inched up to 4.2%. Job gains for May and June were also revised sharply lower.
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Mexico gets a temporary reprieve, but tariffs hit for other countries tomorrow
Mexico has won a temporary reprieve from higher US tariffs but other imports from other countries will face higher taxes, starting tomorrow. Meanwhile, a federal appeals court is weighing whether President Trump's tariffs are even legal.
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The U.S. economy rebounds to 3% growth in second quarter — but tariffs skew picture
The U.S. economy grew this spring after a slowdown earlier this year. A report from the Commerce Department shows the nation's GDP grew at an annual rate of 3% in the second quarter of the year.
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The Fed is likely to hold interest rates steady despite intense pressure from Trump
The Federal Reserve is expected to leave its benchmark interest rate unchanged, but a rate cut is possible in September. President Trump has been urging the central bank to lower borrowing costs.
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Tariff revenue is substantial. But what do they mean for back-to-school shopping?
President Trump boasted this week that his tariffs are raising "a fortune" for the U.S. government. Tariffs could also raise prices for the back-to-school and Christmas shopping seasons.
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Inflation picks up in June as Trump's tariffs start to impact prices
President Trump's tariffs are starting to show up in the prices that consumers pay. That contributed to an uptick in inflation last month and will make the Fed cautious about cutting interest rates.
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Inflation heats up as President Trump's tariffs start to bite
Consumer prices were up 2.7% from a year ago — a larger annual increase than the month before.
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Why the Federal Reserve's building renovations are attracting the White House's ire
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'Panicking': Why recent college grads are struggling to find jobs
Recent college graduates are facing one of the most challenging job markets in years — with the exception of the pandemic period — even as the overall unemployment rate remains low.
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Confused about where things stand with Trump's tariffs? Here's a handy primer
President Trump has announced — but postponed the effective date for — higher tariffs once again. Here's what to know about the latest on his tariff policy.
