WASHINGTON: US tariffs will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said Friday (Apr 4), also warning of an "elevated" risk of higher unemployment.

Washington – US employers probably tempered their hiring in March, just as consumers grew increasingly cautious and the economic outlook dimmed on concerns about the fallout from higher tariffs.

Sweeping new tariffs announced Wednesday by U.S. President Donald Trump provoked dismay, threats of countermeasures and calls for further negotiations to make trade rules fairer.

A slower-than-expected pace of inflation is boosting stocks today after the US Feb CPI rose less than expected. Strength in the Magnificent Seven stocks and a rally in chip stocks today support ...

China’s export growth slowed in the first two months of 2025 compared to the end of 2024, a slackening observed after a late-year rush to front-load shipments ahead of additional tariffs from ...

Europe and Canada Say They'll Spend More on Defense, but Are Cool on US Demands BRUSSELS (AP) — European NATO allies and Canada on Friday said they are willing to ramp up defense spending but ...