Trump’s Tariffs and the Backlash From Canada and Other Countries, Explained

Trump’s Tariffs and the Backlash From Canada and Other Countries, Explained

President Trump is using tariffs to rewire the global economic order in a flurry of on-again, off-again maneuvers, arguing they will boost U.S. factories and generate revenue. But his strategy has already triggered retaliation from major trading partners, rattled markets and upended diplomatic ties. On Wednesday, the European Union announced up to $28 billion in … Read more

CPI Report: Inflation Rose Unexpectedly in January

CPI Report: Inflation Rose Unexpectedly in January

U.S. inflation rose to 3 percent in January, strengthening the case for the Federal Reserve to extend a pause on interest rate cuts. The Consumer Price Index unexpectedly ticked higher from a year earlier, data from the Bureau of Labor Statistics showed on Wednesday, up from 2.9 percent in December. Compared to December, consumer prices … Read more