Fed Keeping an Eye on Inflation Amid Tariff Hikes
Federal Reserve Chair Jerome Powell told the Economic Club of Chicago that the central bank has to keep in mind the effect sweeping tariffs being imposed by President Donald...
Retail Sales Rose 1.4% in March
U.S. shoppers, perhaps trying to load up on big-ticket items before the effects of President Donald Trump’s new tariffs kick in, stepped up their shopping last month.
But, according to...
U.S. Factory Output Shows Modest Gains
A month ahead of the April 2 “Liberation Day” tariff announcement from President Donald Trump. Production at American factories was up.
According to the Federal Reserve, U.S. factory output rose...
Fewer Workers File First-Time Unemployment Claims
The number of American workers filing initial unemployment claims took another tumble last week.
Jobless claim applications fell to 215,000 for the week ending April 12, according to statistics released...
Auto, Retail Sales Jumped; Other Markers Likely Weaker
Retail sales likely rebounded in March after a poor start to 2025. Auto sales jumped in the month as consumers rushed to get new vehicles before tariffs pushed prices...
Whitmer Speech Focuses on Tariffs, Roads
Gov. Gretchen Whitmer talked about road conditions and called for more certainty in U.S. economic policy in a speech to the Detroit Economic Club.
Trump Ponders Tariff Break for Automakers
President Donald Trump said Monday he's considering a temporary exemption on his tariff policy for carmakers transitioning production to the U.S.
Inflation Falls Amid Up-Down Nature of Tariffs
President Donald Trump’s on-again-off-again implementation of tariffs on most goods coming into the U.S. doesn’t seem to be having an effect on the inflation rate – yet.
With the cost...
Fed Leaning Toward No Rate Cuts Amid Tariff Turmoil
It doesn’t appear as though Federal Reserve officials are going to lower interest rates any time soon.
The Fed is expected to put off any rate cuts in the face...
Claims For Unemployment Assistance Rise Slightly
The number of Americans filing for unemployment benefits rose slighty last week, for now brushing off any side effects from an ongoing trade war.
Jobless claim filings went up 223,000...
Defensive Positioning Pays Off As Policy Upheaval Roils Markets
The economy kicked off 2025 on the wrong foot, with early indicators pointing to an ugly GDP report for the first quarter when the advance estimate is published April...
Prada Acquires Versace in $1.4 Billion Deal
MILAN -- Prada officials announced they have entered into a definitive agreement to acquire 100% of Versace from Capri Holdings in a deal reportedly worth nearly $1.4 billion.The cash...
Publishers Clearing House Files For Bankruptcy Protection
The commercials have been around seemingly forever.
A Pubishers Clearing House “Prize Patrol” team shows up at someone’s front door with a big check and makes a homeowner a rich...
Tariff Pause Leaves Auto Industry Awaiting Impact
Trump paused the reciprocal tariffs he imposed on nearly everything, but analysts say the auto industry is in wait-and-see mode.
Report Shows Positives, Challenges in Region’s Economy
The annual State of the Region report shows that, while the region's economic outlook is generally positive, there are challenges coming.
Markets Tumble After Tariff Announcement
Trump administration officials, in talking about his plan for increasing tariffs the last few weeks, acknowledged there might be a “little pain,” at least in the short term.
They were...
U.S. Economy Adds 228,000 Jobs in March
The U.S. jobs market shrugged off the effects of federal government layoffs and the impact of new tariff policy and posted a better-than-expected gain last month.
The Labor Department announced...
Job Openings Take a Slight Drop
Layoffs were up and job openings were down in statistics released this week by the Labor Department.
U.S. employers posted some 7.6 million job openings in February, while layoffs were...
Defensive Positioning Pays Off As Policy Upheaval Roils Markets
The economy kicked off 2025 on the wrong foot, with early indicators pointing to an ugly GDP report for the first quarter when the advance estimate is published April...
New Unemployment Claims Fall Slightly
The number of Americans seeking unemployment benefits fell by 6,000 to 219,000 for the week ending March 29, according to statistics released by the Labor Department. That’s less than...