Topic
11 articles
The US economy lost 23,000 jobs in July, with the labor force participation rate falling to a five-year low of 61.4%. Job declines were widespread, including retail, hospitality, and government, while healthcare added positions.
US GDP growth slowed to 1.5% in Q2 2026, down from 2.1% in the previous quarter, as a wider trade deficit and higher gasoline prices weighed on the economy. Experts point to a classic supply shock from tariffs and energy price volatility, while consumer spending and investment remain uneven.
President Donald Trump claimed on social media that 'oil is flowing,' 'the stock market is booming, jobs are at record levels, and prices are coming down.' But real data shows a more mixed economic picture. While gas prices have eased from their peak, they remain well above pre-war levels, and inflation is running at 4.2% — the fastest in three years. Job growth has slowed sharply compared to the previous administration, and layoffs are rising.
The U.S. Federal Reserve kept its key interest rate unchanged at its first policy meeting chaired by new President Kevin Warsh. The decision reflects caution amid inflation pressures and labor market uncertainties. Chair Warsh pledged to continue evaluating economic data before any rate changes.
The Federal Reserve kept interest rates unchanged at 3.5-3.75% as U.S. inflation hit 4.2%, a three-year high, driven by energy price surges from the U.S.-Iran conflict. Chairman Kevin Warsh led his first policy meeting amid growing pressure from President Trump to avoid rate hikes. Analysts see a growing probability of a rate hike later this year, with December odds exceeding 50%.
US consumer inflation accelerated in May to its fastest pace in three years, driven by a sharp rise in gasoline prices amid escalating tensions with Iran. The CPI rose 0.5% month-over-month and 4.2% year-over-year. The data increases pressure on the Federal Reserve to raise interest rates, with markets now pricing in a growing chance of hikes later this year.
Former President Donald Trump is increasingly using tough and combative language in his campaign speeches, driven by concerns that a grim economic outlook could harm his reelection bid. Close advisers say Trump believes high inflation, rising prices, and a potential recession are critical vulnerabilities to exploit against the current administration. Recent polls show the economy remains the top issue for voters, and Trump's strategy aims to stoke fears and build support for his campaign.
Thousands of newly graduated US students face a tough job market as budget cuts, trade tensions, global conflicts, and AI reshape hiring. New job openings are down, federal cuts limit public-sector opportunities, and the unemployment rate for recent graduates stands at 5.6%—above the national average of 4.2%.
A US federal court has ordered the government to refund billions of dollars in tariffs collected on Chinese imports, marking a turning point in the debate over Trump-era trade policy. Business groups welcomed the ruling, while Trump supporters said it undermines domestic manufacturing. Analysts warned it could further complicate US-China trade relations and global supply chains.
