Economy
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Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth
Apr 04, 2025 1:57 pm - The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth for the U.S. economy, Federal Reserve Chair Jerome Powell said Friday.
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OPEC+ stuns oil market with policy shift to drive down price
Apr 04, 2025 1:19 pm - For most of this decade, the OPEC+ alliance has been the world’s most stalwart defender of high oil prices. In just a few moments last week, that role reversed dramatically.
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Trump hits the golf course as the stock market plummets for a second straight day over tariffs
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US added a surprising 228,000 jobs in March as economy shows resilience in Trump trade wars
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Pritzker hopes trade mission to Mexico sparks new investment despite tariffs
Apr 03, 2025 3:31 pm - Gov. JB Pritzker wrapped up a four-day trip to Mexico City on Wednesday, hopeful a trade mission to Mexico will yield new economic development in Illinois, even as tariffs threaten the stability of the United States’ global trade.
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Trump tariff price hikes could start with food, clothing, cars and coffee
Apr 03, 2025 3:20 pm - Americans will bear the brunt of President Donald Trump’s newest tariffs, with price increases kicking in almost immediately on cars, clothing, electronics and other everyday goods. Here are some areas where consumers may start to see higher prices first.
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Trump’s tariff push is a race against time, and potential voter backlash
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Trump tariffs set to wipe out nearly $2 trillion from US stocks
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Fewer Americans file for jobless benefits last week as labor market continues to show strength
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Wall Street swings as the approach of Trump’s ‘Liberation Day’ sends stock markets reeling worldwide