DONALD TRUMP is eager to proclaim victory on trade deals. What a transformation — he finally listened to the critics and he now has made it clear that the virulent market reaction drove him to this tariff reversal.
DONALD TRUMP GOT THE ROUGH OUTLINES of a trade deal with the United Kingdom — but in Washington there was shock over Donald Trump’s latest head-scratcher.
As inflation and interest rates rise, our third annual stress, finances, and well-being survey found that many Canadian workers are under financial stress.
The Federal Reserve left interest rates on hold as widely expected. The main takeaway from the statement and press conference was uncertainty: Fed Chair Jerome Powell repeatedly emphasized the unclear economic outlook.
The September 1985 Plaza Accord and the subsequent February 1987 Louvre Accord are justly lauded today as significant successful examples of international economic policy cooperation.
Although President Trump has said he has no intention of firing Fed Chair Powell, the Trump administration may be testing the laws underpinning Fed independence.
The outlook for U.S. growth and inflation hinges on the ability of U.S. supply chains to pivot out of China fairly quickly, a process that won’t be seamless.