Economy

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El-Erian says U.S. recession risks are now 'uncomfortably high'

El-Erian says U.S. recession risks are now 'uncomfortably...

"If the U.S. slows down, the rest of the world will slow down more," the veteran...

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China to impose 34% retaliatory tariff on all goods imported from the U.S.

China to impose 34% retaliatory tariff on all goods imported...

Beijing's measures come in the wake of duties imposed by U.S. President Donald Trump's...

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U.S. payrolls rose by 228,000 in March, but unemployment rate increases to 4.2%

U.S. payrolls rose by 228,000 in March, but unemployment...

Nonfarm payrolls were expected to grow by 140,000 in March while the unemployment...

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President Donald Trump says Fed Chair Powell should cut interest rates and 'stop playing politics'

President Donald Trump says Fed Chair Powell should cut...

Trump said in a social media post this would be the "perfect" time for the central...

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Fed's Kashkari says rising bond yields, falling dollar show investors are moving on from the U.S.

Fed's Kashkari says rising bond yields, falling dollar...

The trends are running counter to what you might normally see, the central bank...

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Wholesale prices unexpectedly fell 0.4% in March, showing easing inflation backdrop ahead of tariffs

Wholesale prices unexpectedly fell 0.4% in March, showing...

The producer price index, considered a leading indicator for pipeline inflation...

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UK economy expands by 0.5% in February, more than expected

UK economy expands by 0.5% in February, more than expected

U.K. GDP rose by 0.5% on a monthly basis, far more than the 0.1% forecast by analysts....

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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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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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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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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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Core inflation in February hits 2.8%, higher than expected; spending increases 0.4%

Core inflation in February hits 2.8%, higher than expected;...

The PCE price index was expected to increase 0.3% in February while spending was...

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Consumer sentiment worsens as inflation fears grow, University of Michigan survey shows

Consumer sentiment worsens as inflation fears grow, University...

The closely watched survey showed a reading of 57.0 for the month, down 11.9% from...

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European Union vows countermeasures to Trump tariffs if talks fail, von der Leyen says

European Union vows countermeasures to Trump tariffs if...

The EC president said that Trump's move was a "major blow" to the world economy.