AI Poised to Impact High-Skill US Jobs, Including Finance
Artificial intelligence is coming for America’s high-paid professions as it creates winners and losers across the labor market like never before.
Second-Quarter Growth Revised Down to 2%
U.S. economic growth decelerated in the second quarter by more than initially reported, suggesting President Donald Trump’s trade actions are weighing more heavily on the pace of expansion.
IMF Says Tariffs Are Ineffective Tool to Right Trade Imbalances
Tempting as it might be to think a stronger dollar offsets higher U.S. tariffs by making Chinese imports cheaper, the International Monetary Fund says the greenback’s global prevalence tells a different story.
Drop in Jobless Claims Shows Firm Labor Market
Applications for U.S. unemployment benefits declined for the second time in three weeks, indicating the labor market is holding steadfast in the face of slower global demand and trade tensions.
Housing Starts Fall in March to Weakest Pace Since 2017
U.S. new-home construction unexpectedly fell in March, decelerating to the slowest pace since May 2017 and suggesting builders remain wary even as lower mortgage rates and steady wage gains offer support to consumers.
Factory Gauge Rises From Two-Year Low on Employment Gains
A gauge of U.S. factories topped estimates in March, rising from a two-year low on strength in employment and orders and signaling stabilization after a rocky few months.
Consumer Spending Misses Forecasts as Inflation Eases
U.S. consumer spending in January was short of projections while inflation eased, an early read on the economy in the first quarter that may add to concerns about the outlook.
GDP Declines in 4Q, Reflecting Consumer, Government Spending
U.S. economic growth cooled by more than initially reported last quarter on revisions to consumer and government spending, signaling mounting challenges to the expansion as it nears a record duration.
January Trade Gap Narrows as Imports From China Plummet
The U.S. trade deficit pulled back in January from the widest level in a decade as imports from China plunged, suggesting American companies had been rushing shipments the prior month to beat an expected tariff boost.
Philadelphia Fed’s Factory Outlook Is Weakest in Three Years
The six-month outlook for manufacturing in America’s mid-Atlantic region slumped to a three-year low, another sign that expectations for weaker global growth may be weighing on producers.