Fed likely to defy Trump, keep rates unchanged this week
Economists say tariffs make it more difficult for the central bank to reduce its benchmark rate
- By: Christopher Rugaber, The Associated Press
- May 5, 2025 May 5, 2025
- 08:23
Economists say tariffs make it more difficult for the central bank to reduce its benchmark rate
Prices are falling to a level at which some producers can no longer turn a profit.
Move comes after auto industry's lobbying efforts in the U.S.
The unemployment rate remained at a low 4.2%
Investors turning to Europe as U.S. policy proves unpredictable
“Fear and uncertainty cascaded across financial and currency markets" during the quarter: Northern Trust Canada CEO
Industry group calls on SEC to ease constraints
Layoffs remain historically low as economy shows early signs of slowing
Mahon has spent 39 years with the company, 12 as CEO
Central bank cites layers of uncertainty regarding U.S. tariffs
A rush to buy cars and other goods fuelled a 0.7% rise in consumer spending in March
Canada faces a modest downturn and rising jobless rate
Manufacturing activity drops to a 16-month low, with export orders falling sharply
Agency estimates 1.5% annualized growth for Q1
U.S. companies pause growth plans as higher costs, uncertainty, raise recession risks
Weak spending and government cuts offset strong business investment
Better-than-expected Q1 growth overshadowed by renewed trade tensions
Canada’s largest bank retreats from key climate disclosures as it reassesses methodology
Auto loan delinquencies on the rise, as the economic outlook dims
Latest ECB survey finds consumers anticipating faster price rises
Recession worries grow and Americans pull back on spending
Dual duties on metals and vehicles may be lifted for some manufacturers