Economy

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Consumer spending is up big in early April as people buy in anticipation of tariffs

Consumer spending is up big in early April as people buy...

Spending in April through the first 15 days climbed about 3.8% from the same period...

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Businesses are already trying to pass tariff costs onto customers, Fed report says

Businesses are already trying to pass tariff costs onto...

Businesses dealing with tariffs are looking for ways to pass increasing costs onto...

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Empty shelves, trucking layoffs lead to a summer recession in Apollo's shocking trade fight timeline

Empty shelves, trucking layoffs lead to a summer recession...

U.S. consumers could start to notice trade-related shortages in their local stores...

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German fiscal boost won't outweigh tariff drag for euro zone, IMF's Europe head says

German fiscal boost won't outweigh tariff drag for euro...

Following downgrades to its growth outlooks for the U.S., U.K. and many Asian countries,...

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European Central Bank’s Lagarde weighs in on Trump's criticism of Fed's Powell

European Central Bank’s Lagarde weighs in on Trump's criticism...

The ECB last week cut interest rates by a further 25 basis points and warned of...

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IMF forecasts U.S. fiscal deficit will dip in 2025 thanks to higher tariff revenue

IMF forecasts U.S. fiscal deficit will dip in 2025 thanks...

The 191-nation fund credited higher tariff revenue for a somewhat smaller deficit...

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Tanking oil prices could more than double Saudi Arabia's deficit to $75 billion and threaten spending plans: Goldman Sachs economist

Tanking oil prices could more than double Saudi Arabia's...

Saudi Arabia needs oil at more than $90 a barrel to balance its budget. Goldman...

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European Union to put countermeasures to U.S. tariffs on hold for 90 days

European Union to put countermeasures to U.S. tariffs on...

EU members had voted in favor of the package on Wednesday in response to U.S. tariffs...

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Inflation rate eases to 2.4% in March, lower than expected; core at 4-year low

Inflation rate eases to 2.4% in March, lower than expected;...

The consumer price index fell a seasonally adjusted 0.1% in March, putting the 12-month...

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Trump's triple-digit tariff essentially cuts off most trade with China, says economist

Trump's triple-digit tariff essentially cuts off most trade...

President Trump's tariff increase on imports from China would basically end most...

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IMF slashes 2025 U.S. growth forecast to 1.8% from 2.7%, citing trade tensions

IMF slashes 2025 U.S. growth forecast to 1.8% from 2.7%,...

The Washington-based IMF, in its World Economic Report, cited intensifying downside...

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If Trump wants rate cuts, he would likely need to replace the Fed's full board along with Powell

If Trump wants rate cuts, he would likely need to replace...

Changing out the Federal Reserve chair doesn't guarantee rate cuts for President...

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Americans are getting flashbacks to 2008 as tariffs stoke recession fears

Americans are getting flashbacks to 2008 as tariffs stoke...

'It's the old poors teaching the new poors,' said one content creator.

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The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing crude prices could spell trouble

The oil-rich Gulf states are better-positioned to weather...

The countries of the GCC — Saudi Arabia, the UAE, Bahrain, Kuwait, Oman, and Qatar...

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Retail sales increased 1.4% in March, greater than expected

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...