Biden’s economic legacy: Historic wage gains, investment and job growth but marred by inflation By Alicia Wallace , CNN 8 minute read ...

In June 2022, the US surpassed its pre-pandemic employment totals.Since then, the economy has added 7.6 million jobs, or ...

While the report reflects a healthy economy, it also reduces the probability that Federal Reserve Chair Jerome Powell will cut interest rates this month.

As inflation rises beyond the Fed's target, the central bank may increase the federal funds rate. This makes borrowing more expensive, which can slow down consumer spending and business investment ...

Kamala Harris can’t really critique these proposals, because she largely agrees with them—the Biden administration has kept most of Mr. Trump’s tariffs in place—and her own economic ...

A range of tariffs on U.S. imports has been enacted or considered recently. Trade tariffs can potentially affect price inflation for consumption and investment goods. Estimates suggest that the impact ...

What is stagflation? Although the term lacks a formal definition, stagflation occurs during times of high inflation and slow economic growth. It typically coincides with high unemployment and ...

After successfully weathering a series of shocks, most countries in the region are converging to their (tepid) potential. Growth is expected to moderate in late 2024 and 2025, while inflation is ...

Fed's Powell says tariffs could lead to inflation, economic slowdown. Updated on: April 16, 2025 / 9:00 PM EDT / CBS/AP ... Global X's head of investment strategy, in an email.

World economic growth is also forecast to slow to 2.9% this year and stay there in 2026, according to the OECD's forecast. That would mark a substantial deceleration from growth of 3.3% global ...

The global economic outlook as of mid-2025 has deteriorated notably, according to the latest World Economic Situation and Prospects (WESP) update. Global growth is now forecast to slow to 2.4 per ...

Inflation, as gauged by the most closely watched consumer price index, has trended down early in Trump’s tenure. The Fed is angling for 2% inflation. The consumer price index fell to 2.4% in March.