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As Trump escalates a global trade war, looking to gold to shield cash might not be the worst optionAs economic uncertainty roils the US, the price of gold has roared to record highs amid investors seeking a place to shield their cash from Donald Trump’…
Officials raise inflation forecast to 2.7% this year, as Fed chair Jerome Powell says uncertainty is ‘remarkably high’Officials at the US Federal Reserve cut their US economic growth forecasts and raised projections for price growth as they kept intere…
Exclusive: 90% of Democrats, 57% of Republicans are worried about tariffs, with similar concerns about recessionNever miss global breaking news. Download our free app to keep up with key stories in real time.Americans are increasingly concerned about D…
By standard measures such as job and GDP growth and the stock market, the US economy was in excellent shapeNever miss global breaking news. Download our free app to keep up with key stories in real time.Donald Trump keeps saying he inherited a terrible…
A trade war could push up inflation when both the UK and US economies really need cheaper borrowing. So what’s a central bank to do?Monetary policymakers on both sides of the Atlantic will be considering how seriously to take Donald Trump’s threats of …
This week, Jonathan Freedland speaks to Heather Boushey, an economist and former adviser to Joe Biden, about what Donald Trump’s long game is with his trade war, and how voters will view his handling of the economy should there be a ‘Trumpcession’Send …
Canadian government says it will follow ‘dollar-by-dollar’ approach and institute 25% tariffs on US importsCanada announced retaliatory tariffs on nearly C$30bn worth of American imports after US tariffs on steel and aluminum imports went into effect o…
Dow, S&P 500 and Nasdaq all down by at least 2% and Tesla shares fall 15% for worst day since September 2020The US stock market continued to drop on Monday as the White House denied that Donald Trump’s trade policies were causing lasting chaos wit…
Stephen Moore, who contributed to Project 2025, urges Congress to pass tax cuts by Memorial DayDonald Trump’s focus on tariffs as an economic weapon is “misguided”, and the US economy is “very wobbly”, a former adviser and longtime supporter of the pre…
Donald Trump’s brinkmanship and stop-start approach to tariffs rattle investorsBusiness live – latest updatesThe risk that the US economy will enter recession this year is rising, according to economists, as Donald Trump’s chaotic approach to tariffs c…