Yahoo Finance - Stock Market Live, Quotes, Business & Finance News

Economic News and Analysis

The latest news and analysis about the health of the US economy.

Metals Tumble as Trump Tariffs Raise Inflation, Growth Fears

(Bloomberg) -- Industrial metals from copper to iron ore slumped after President Donald Trump imposed tariffs on China, Canada and Mexico, threatening a trade war that may sap global economic growth. Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeHistoric London Elevator Faces Last Stop in

Bloomberg 44 minutes ago

ANZGF

ANZGY

OPEC+ to review oil curbs with prices rising after Trump tariffs

(Bloomberg) -- Key OPEC+ members are due to gather online Monday for a review meeting at which they’re expected to leave current supply plans unchanged.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeHistoric London Elevator Faces Last Stop in Labour’s Housing PushThe group led by Saudi Arab

Americans have high hopes for Trump's economy, Gallup poll shows

Some 53% of Americans predicted the U.S. economy will grow over the next six months, based on telephone interviews conducted in the first two weeks of January with about 1,000 adults, Gallup said. Some 61% see stocks rising - the most since Gallup began asking the question in 2001.

Oil rises as Trump slaps tariffs on biggest crude supplier to US

(Bloomberg) -- Oil advanced as President Donald Trump placed hefty tariffs on a range of imports, including energy from Canada and Mexico, threatening higher costs for American consumers.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeHistoric London Elevator Faces Last Stop in Labour’s Hous

US Oil Refiners Look to Latin America, Iraq After Trump Tariffs

(Bloomberg) -- US oil refiners will look to Latin America and the Middle East to replace suddenly more expensive Canadian and Mexican crudes following President Donald Trump’s tariff salvo, according to traders.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeHistoric London Elevator Faces La

New inflation reading reinforces Fed's go-slow strategy

A fresh reading from the Federal Reserve's preferred inflation gauge showed prices remained sticky in the final month of 2024, likely reinforcing a wait-and-see approach from the central bank.

2 charts show why markets are skittish about Trump's tariff policy

A wide range of tariff outcomes presents uncertainty for investors.

PCE: Fed's preferred inflation gauge meets expectations in December

The latest reading on the Fed's preferred inflation gauge comes just two days after the central bank paused its interest rate-cutting cycle.

Fed's wait-and-see approach likely won't be shaken by new GDP and inflation numbers

A new GDP report Thursday and the expectation of a sticky inflation reading Friday should reinforce the Federal Reserve’s new wait-and-see approach on interest rates.

GDP: US economy grows at slower-than-expected pace in fourth quarter

The latest reading on US economic growth and inflation comes as investors debate when, or if, the Federal Reserve will resume cutting interest rates in 2025.

Powell holds interest rates — and his ground: Morning Brief

During the disorienting flurry of Trump's executive orders, Fed Chair Powell issued an edict of his own. He's defending the borders of his job's mandate.

Trump says Powell and Fed ‘failed to stop the problem they created’ on inflation

President Donald Trump wasted no time criticizing the Fed after it held rates steady Wednesday, arguing Jerome Powell and the central bank "failed to stop the problem they created" on inflation.

The shadow of Trump looms over a cautious Fed

The Federal Reserve will gather this week for its first meeting of 2025 under the looming shadow of a new US president who is already posing challenges to the central bank with his words and possible actions.

US dollar retreats from 2-year high as Trump touts 'tremendous' tariff power, but holds off on swift action

The US dollar just saw its worst week in over a year as Trump held off on enacting tariffs — for now.

Manufacturing data shows American companies 'starting 2025 in an upbeat mood' as Trump takes office

Sentiment among US manufacturers shot higher in January as companies prepare for President Trump's second term in office.

US oil gains outpace global benchmark on Trump tariff threats

(Bloomberg) -- The American oil benchmark outpaced gains in the global marker after President Donald Trump announced tariffs that will limit supplies from the US’s two biggest foreign suppliers of crude.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeHistoric London Elevator Faces Last Stop

Trump's tariffs to have limited impact on oil, gas prices, Goldman Sachs says

"Potential tariff-driven decline in U.S. natural gas imports from Canada is too small to significantly raise U.S. natural gas prices," the bank said. Oil and gas prices jumped on Monday after Trump imposed tariffs over the weekend. The tariffs, which will take effect on Feb. 4, include a 25% levy on most goods from Mexico and Canada, with a 10% tariff on energy imports from Canada, and a 10% tariff on Chinese imports.

Australia shoppers lured by discounts, shore up economy in 4Q

Australian retail sales dipped in December as pay back for a Black Friday splurge the month before, but discounting helped shoppers make a desperately-needed contribution to economic growth over the whole fourth quarter. Data from the Australian Bureau of Statistics (ABS) on Monday showed retail sales fell 0.1% in December from November, when they had risen by 0.7%. The outcome was firmer than analyst forecasts for a 0.7% drop, helped by Cyber Monday promotions falling in December this year and discounting spread across the month.

Trump Says Fed Made the Right Call Last Week to Pause Rate Cuts

(Bloomberg) -- US President Donald Trump said the Federal Reserve was right to pause its rate-cutting path in its decision last week, a break from his penchant for calling for lower rates.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeHistoric London Elevator Faces Last Stop in Labour’s Hou

Oil prices climb after US tariffs spark supply disruption fears

Oil prices rose on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of supply disruption, though gains were capped by concern over what could be an economically damaging trade war. Trump's sweeping tariffs on goods from Mexico, Canada and China kicked off a trade war that could dent global growth and reignite inflation. The tariffs, which will take effect on Feb. 4, include a 25% levy on most goods from Mexico and Canada, with a 10% tariff on energy imports from Canada and a 10% tariff on Chinese imports.

Canadian Oil Dodges ‘Cataclysm’ With Lower Tariffs, Gulf Outlet

(Bloomberg) -- Canada’s energy patch may have temporarily dodged disaster in the trade war with the US, with President Donald Trump’s orders taxing crude at a lower rate and possibly letting producers avoid levies altogether on some shipments.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeH