U.S. President Donald Trump and Canada's Prime Minister Mark Carney talk during a family photo at the G7 Summit in Kananaskis, Alberta, Canada, June 16, 2025. Amber Bracken | ReutersU.S. President Donald Trump on Thursday announced a 35% tariff on Canadian imports, starting Aug. 1, citing that Ottawa had retaliated...
Month: July 2025
Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show
Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates, split between concerns over tariff-fueled inflation and signs of labor market weakness and economic strength.Minutes from the June 17-18 meeting released Wednesday showed that policymakers largely held to a wait-and-see position...
Trump threatens to impose up to 200% tariff on pharmaceuticals ‘very soon’
US President Donald Trump during a cabinet meeting at the White House in Washington, DC, US, on Tuesday, July 8, 2025. Aaron Schwartz | Bloomberg | Getty ImagesPresident Donald Trump on Tuesday threatened to impose up to 200% tariffs on pharmaceuticals imported into the U.S. "very soon." "They're going to be...
Top Wall Street analysts are pounding the table on these 3 stocks
Dado Ruvic | ReutersPresident Donald Trump's announcement of a U.S.-Vietnam trade deal and a solid June jobs report lifted stocks last week, but investors can still find plenty of opportunities to snap up names at attractive levels.The recommendations of top Wall Street analysts can help inform investors as they search...
Inflation expectations drift back down to pre-tariff levels, New York Fed survey shows
People shop at a grocery store in Brooklyn on May 13, 2025 in New York City. Spencer Platt | Getty ImagesFears earlier this year that President Donald Trump's tariffs would result in a sharp inflation spike have completely receded, according to a New York Federal Reserve survey released Tuesday.The central...