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Trump, tariff and appeals court

Trump’s tariffs met with skepticism by federal appeals court panel

Steps away from the White House, a federal appeals court panel heard arguments in a lawsuit challenging Trump's sweeping tariff policy.

The Associated Press on MSN · 1d

Triumphant in trade talks, Trump and his tariffs still face a challenge in federal court

The U.S. Constitution gives the power to impose taxes — including tariffs — to Congress. But lawmakers have gradually relinquished power over trade policy to the White House. And Trump has made the most of the power vacuum, raising the average U.S. tariff to more than 18%, highest since 1934, according to the Budget Lab at Yale University.

CBS News on MSN · 1d

Federal appeals court weighs Trump's tariffs in major legal test

The Trump administration asked the U.S. Court of Appeals for the Federal Circuit to review a trade court's decision invalidating President Trump's 10% tariffs.

Fed, Powell

MarketWatch · 1d

Here comes the July jobs report. The unemployment rate is the ‘main number you have to look at now,’ Fed’s Powell says.

The Federal Reserve won’t cut interest rates until it sees how inflation and job creation respond to higher tariffs. The next big bite of the apple arrives on Friday with the July employment report. Here’s what to expect.

USA TODAY · 13m

Fed stands pat on rates, but jobs report signals it may regret It: This week in markets

After nearly four months of relentless gains, Wall Street took a step back, with major indexes finishing the week lower.

MSNBC · 20h

White House blames Powell in statement on weak jobs report

As the global trade market is hit with President Trump's new tariffs, the latest jobs report shows job growth has slowed sharply. Trump is blaming Fed Chair Jerome Powell for the weak report. NBC News' Shannon Pettypiece and Garrett Haake have the latest reporting.

Fed, inflation and tariffs

Axios Sneak Peek on MSN · 1d

Fed's go-to inflation indicator edges higher in June as tariffs ramp up

Consumer prices rose at a faster pace in June, according to the Federal Reserve's preferred inflation gauge, released on Thursday. Why it matters: Inflation is picking up as President Trump's tariffs ripple across the economy.

The Washington Post on MSN · 1d

Buoyed by tariffs, the Fed’s preferred measure of inflation is running hot

Taken all together, the report shows that Trump’s tariffs are beginning to leave more of an imprint on the economy.

Washington Examiner · 1d

Inflation ticked up to 2.6% in June in Fed’s preferred gauge

Inflation rose three-tenths of a percentage point to 2.6% for the year ending in June, the Bureau of Labor Statistics reported Thursday in an update to the Federal Reserve’s preferred gauge. Economists expected inflation in the personal consumption expenditures index to tick up to 2.

Stocks plummet amid tariffs, weak jobs report

USA TODAY on MSN · 19h

US stocks fall on Trump's tariffs and attack on Fed chair, weaker-than-expected job growth

U.S. stocks held losses after Trump ordered a new slate of tariffs and jobs growth slowed more than expected. Amazon drops on cloud disappointment.

CNN · 19h

Markets rattled by Trump’s new tariff policy and weak jobs growth

The new trade policy includes its baseline tariffs for all countries. The Trump administration said the “universal” tariff will remain at 10% for countries the US has a trade surplus with, which is most of them.

Newsweek on MSN · 14h

Stocks plummet amid tariffs, weak jobs report as Trump fires labor official

Stocks tumbled on Friday as a investors faced a combination of new trade tariffs and a weaker than expected jobs report.

3hon MSN

Did the Fed just royally screw up?

Last year, after the unemployment rate climbed quickly in a short period of time and there were similar calls that the central bank was too late to lower rates, the Fed stepped in with a bold, ...

ABC13 Houston2h

Fed holds interest rates steady, defying pressure from Trump

The central bank has defied Trump's public criticism for months, adopting a wait-and-see approach as central bankers observe ...

After a Lag, Consumers Begin to Feel the Pinch of Tariffs

There are growing signs that President Trump’s levies are filtering through to consumer prices, as companies exhaust options ...

Investors Eye BLS Firing, Tariffs, Fed Drama, Epstein Partner Maxwell Moved to Texas Prison, More

Bloomberg News Now is a comprehensive audio report of today's top stories. Hear the latest news, updated throughout the day, covering global business stories in just a few minutes.

2don MSN

Global stocks steady as investors brace for Fed meeting, tariff deadline

Equities were modestly higher on Wednesday while the U.S. dollar advanced as investors digested the latest economic data and ...

15hon MSN

What do Trump's new tariffs mean for the economy? Experts weigh in

Trump's executive order late Thursday laid out rates to be applied against nearly 70 countries, ranging from 10% to 41% in ...

22hon MSN

Trump readies sweeping new tariffs, starting with Canada

The taxes on imports could raise prices on consumer goods, experts worry, but the economy has so far shaken off the potential impact.

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