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Federal Reserve shows unexpected unity, independence as it weathers Trump's attacks
Read full article: Federal Reserve shows unexpected unity, independence as it weathers Trump's attacksIn what was expected to be a contentious Federal Reserve meeting, policymakers on Wednesday instead emerged with a nearly unanimous voice to cut interest rates by a quarter-point.
US economy shrank 0.5% in the first quarter, worse than earlier estimates had revealed
Read full article: US economy shrank 0.5% in the first quarter, worse than earlier estimates had revealedThe U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department reported Thursday in a a downgrade from its previous estimate.
Employers add a solid 139,000 jobs in May, though hiring slows as some potential weaknesses appear
Read full article: Employers add a solid 139,000 jobs in May, though hiring slows as some potential weaknesses appearU.S. employers slowed hiring last month, but still added a solid 139,000 jobs amid uncertainty over Trump’s trade wars.