Treasury
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Trump installs 10% baseline tariff, country-specific duties
The president said he will levy import taxes on China, Japan and others equal to half of what they charge the U.S. based on White House calculations.
By Philip Neuffer • April 2, 2025 -
US manufacturing output, employment fall as tariffs fuel higher prices
“Newly implemented tariffs are significantly impacting gross profits,” the Institute for Supply Management quoted an unidentified survey panelist as saying.
By Jim Tyson • April 1, 2025 -
Consumer spending during Q1 shrinks for first time since pandemic
“Stockpiling ahead of potential tariff implementation on a wide range of consumer goods could lead to a pullback in goods spending later this year,” the Conference Board said.
By Jim Tyson • March 31, 2025 -
Sponsored by Deloitte
With Pillar Two here, focus on 3 areas
Pillar Two upends global tax. Leaders should focus on three areas for efficient and effective compliance.
March 31, 2025 -
Rising prices, weak consumer spending spotlight ‘stagflation’ risk
Public- and private-sector economists have flagged inflation risks and marked down estimates for economic growth this year, warning of the potential harm from tariffs.
By Jim Tyson • March 28, 2025 -
US will charge 25% tariffs on foreign-made cars
The increased duties will go into effect April 2, President Donald Trump said Wednesday.
By Kelly Stroh • Updated March 26, 2025 -
Consumer expectations for future plunge to 12-year low on tariff anxiety
Pessimism about price pressures rose, with expectations for inflation in 12 months increasing to 6.2% this month from 5.8% in February, the Conference Board said.
By Jim Tyson • March 25, 2025 -
Manufacturing slows as tariffs, policy shifts dim expectations: S&P
Inflation in both goods and services prices accelerated in March to the fastest pace in 23 months, hitting a 31-month high in manufacturing, S&P Global said.
By Jim Tyson • March 24, 2025 -
Opinion
Closing carried interest tax loophole could drive predatory PE practices
The tax break incentivizes private equity firms to keep businesses for more than three years. Eliminating it could have unintended consequences, a private equity CEO writes.
By Kade Thomas • March 21, 2025 -
Economic data ‘point to headwinds ahead,’ Conference Board says
Economists at several organizations have recently warned of trade war risks and forecast slower economic growth this year.
By Jim Tyson • March 20, 2025 -
Fed holds main rate steady, forecasts higher inflation, slower growth
“Growth looks like it's maybe moderating a bit, consumer spending moderating a bit, but still at a solid pace,” Fed Chair Jerome Powell said during a press conference.
By Jim Tyson • Updated March 19, 2025 -
Retail sales lag expectations after falling in January
A report of weak retail sales in February aligns with a 0.5% decline in overall consumer spending in January.
By Jim Tyson • March 17, 2025 -
Tariffs trigger ‘horrific’ plunge in consumer sentiment
Federal Reserve officials, scheduled to assess monetary policy during a March 18-19 meeting, will likely zero in on a jump in long-term inflation expectations.
By Jim Tyson • March 14, 2025 -
Inflation rises less than expected as new tariffs spur price worries
Concern about the inflationary impact from tariffs has eroded confidence among both businesses and consumers, according to recent surveys.
By Jim Tyson • March 12, 2025 -
Small business optimism sags amid ‘uncertainty whiplash’: NFIB survey
“The economy is still growing, but at a slower and slower rate — storm clouds are forming,” the NFIB said.
By Jim Tyson • March 11, 2025 -
91% of economists expect big, tariff-fueled price surge: Wolters Kluwer
Despite persistent inflation, economists predict the Federal Reserve will trim the main interest rate by 0.42 percentage point this year, Wolters Kluwer found in a survey.
By Jim Tyson • March 10, 2025 -
Fed holding rates steady while gauging impact from Trump tariffs: Powell
Inflation will probably continue to follow a “bumpy” path down to the central bank’s 2% target, Fed Chair Jerome Powell said.
By Jim Tyson • March 7, 2025 -
Bessent ‘not worried about inflation’ amid Trump’s tariff offensive
Revenue from new import duties “could be very substantial,” Treasury Secretary Scott Bessent said.
By Jim Tyson • March 6, 2025 -
Companies see year-ahead inflation rising to as high as 4%: NY Fed
Trump administration tariffs risk stoking inflation, disrupting supply chains and undermining corporate earnings, Bank of America Securities analysts said.
By Jim Tyson • March 5, 2025 -
Tariffs likely to fuel inflation ‘relatively soon,’ Fed’s Williams says
Concern about U.S. import duties “is clearly influencing how people are thinking about inflation this year,” New York Federal Reserve Bank President John Williams said.
By Jim Tyson • March 4, 2025 -
Trump tariffs: March madness runs down the clock
Stocks slumped Monday after President Trump reasserted U.S. tariffs on imports from Canada and Mexico would go into effect Tuesday.
By Maura Webber Sadovi • Updated March 3, 2025 -
Inflation to persist above 2% Fed goal into 2027 or later: NABE
Traders in interest-rate futures increased the odds that the Federal Reserve this month will continue its pause on easing borrowing costs.
By Jim Tyson • March 3, 2025 -
Consumer spending falls, highlighting fading confidence
Two closely tracked gauges of consumer confidence slid in February, pushed down by concerns about import duties enacted by the Trump administration.
By Jim Tyson • Feb. 28, 2025 -
Baker Hughes taps insider for CFO
Ahmed Moghal, who joined the energy technology company in 2017, was appointed to take the company’s finance reins Monday.
By Maura Webber Sadovi • Feb. 24, 2025 -
Tax preparers urge Congress to protect IRS data amid DOGE advances
Elon Musk’s Department of Government Efficiency has sparked privacy concerns as it has sought to tap into federal databases in its effort to cut costs and root out fraud.
By Maura Webber Sadovi • Feb. 21, 2025