U.S. President keeps up pressure for a rate cut, arguing inflation is no longer a threat
U.S. growth forecast at 1.8% with global GDP at 2.8% for 2025
Central bank cites uncertainty around tariffs and competing risks of inflation and recession
Inflation slowdown gives the central bank "breathing room," Desjardins economist says
Powell said the tariffs are “significantly larger than expected” and that their inflationary effect could be "persistent”
Trump’s grievances against U.S. trading partners come at a time when the country is outperforming the world’s other advanced economies
China has an ambitious economic growth target of about 5% for this year
Consumer spending rose 0.4% in February, though the gain was just 0.1% after adjusting for inflation
Economists warn U.S. tariffs and weak consumer confidence could stall growth
Publicly held debt projected to reach 156% of GDP by 2055