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Economy

Fed’s Kugler: No Rate Cuts in Sight as Inflation, Tariffs Fuel Uncertainty

Economy The Epoch Times -
Federal Reserve Gov. Adriana Kugler said she supports holding interest rates steady due to ongoing inflation risks and new tariffs

IMF Predicts US Fiscal Deficit to Shrink in 2025 Due to Tariffs

Economy The Epoch Times -
The Trump admin’s tariff policies are expected to bring down the fiscal deficit of the U.S. this year, the IMF said in an April 23 report.
MAGA Business MAGA Business

US Seeks IMF, World Bank Reforms to Reverse Institutions’ Mission Creep: Bessent

Economy The Epoch Times -
The U.S. will support changes to the IMF and the World Bank to secure economic and financial sustainability, Treasury Secretary Scott Bessent said on April 23.

IMF Slashes Global Growth Forecasts Amid Tariffs and Uncertainty in Global Economy

Economy The Epoch Times -
The International Monetary Fund (IMF) has lowered its global growth forecast for 2025 to 2.8 percent, down from 3.3 percent in its January estimate.

Trump Pushes for Rate Cut, Says Powell’s ‘Termination Cannot Come Fast Enough’

Economy The Epoch Times -
President Trump renewed his call for the Federal Reserve to cut interest rates, saying Fed Chair Jerome Powell’s “termination cannot come fast enough.”

Inflation Slows Sharply to 2.4 Percent, Lowest in Half a Year

Economy The Epoch Times -
According to the Bureau of Labor Statistics, the annual inflation rate declined to 2.4% from 2.8% in February, the lowest reading since September.

US Economy Adds Hotter-Than-Expected 228,000 New Jobs in March

Economy The Epoch Times -
The U.S. labor market remained robust in March amid market turmoil and growing economic concerns, new data show.

4th Quarter GDP Beats Market Estimates; Consumers, Government Drive Growth

Economy The Epoch Times -
New government data show that the U.S. economy slowed in the fourth quarter but still finished 2024 on a solid footing.
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Headlines

Judge Blocks Trump Admin Effort to Remove DEI From Public Schools

Before deadline for states to certify DEI programs have ended in public schools, a federal court halted Trump admin’s requirement, siding with NEA teachers’ union.

Trump’s Agenda Faces Pushback Amid Legal Battles

Trump faces onslaught of challenges to his agenda, some reaching the nation’s highest court and could ultimately shape US legal landscape.

Texas Governor Signs ‘Texas DOGE’ Into Law to Cut Regulations, Boost Government Efficiency

Texas Gov. Abbott signed Regulatory Reform and Efficiency Act to streamline govt processes and reduce regulatory burden on businesses and residents.

Federal Judge Blocks Trump’s Directive to Require Proof of Citizenship for Voter Registration

A judge on April 24 blocked President Trump’s ordering that officials require people provide proof of U.S. citizenship in order to register to vote.

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