The Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3%.
Related Posts
Implemented or not, Trump’s 25% tariff threat is challenging the auto industry
On a sales basis, German automaker Volkswagen is the most exposed to tariff risk, followed by Nissan Motor and Stellantis, S&P Mobility reports.
Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts
Dozens of retailers, including Macy’s, Gap and TJ Maxx, increased APRs on their store credit cards before the Federal Reserve cut rates, padding their profits.
Trump says interest rates should be lowered to go ‘hand in hand’ with his tariffs
Trump again switched positions on the Fed, indicating in a social media post Wednesday that interest rates need to come down.