Reade Pickert and Jeff Kearns

Government, Business

US Payrolls, Wages Cool as Trade War Weighs on Economy

Jobs Sean Proctor/Bloomberg News

U.S. employers added the fewest workers in three months and wage gains cooled, suggesting broader economic weakness and boosting expectations for a Federal Reserve interest-rate cut as President Donald Trump’s trade policies weigh on growth.

June 7, 2019
Government, Business

March Consumer Spending Jumps as Core Inflation Eases

Consumer TT File Photo

U.S. consumer spending rebounded in March while the Federal Reserve’s preferred underlying inflation gauge eased to a one-year low, reinforcing the central bank’s patient stance on interest rates even as the economy’s main engine holds up.

April 29, 2019
Government, Business

Growth of 3.2% Tops Forecasts on Trade, Inventory Boost

Warehouse inventory is moved with a forklift. Warehouse inventory is moved with a forklift. (Bryan van der Beek/Bloomberg News)

Economic growth accelerated in the first quarter on a big boost from inventories and trade that offset slowdowns in consumer and business spending, with President Donald Trump touting the report as much stronger than expected.

April 26, 2019