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Fed leaves key rate unchanged as it awaits the impact of tariffs and Trump again scolds Powell

Fed leaves key rate unchanged as it awaits the impact of tariffs and Trump again scolds Powell

WASHINGTON (AP) — The Federal Reserve kept its key rate unchanged Wednesday as it waits for additional information on how tariffs and other potential disruptions will affect the economy this year. The Fed’s policymakers signaled they still expect to cut rates twice this year, even as they also project that President Donald Trump’s import duties will push inflation higher. They also expect growth to slow and unemployment to edge up, according to their latest quarterly projections. Fed policymakers had cut their rate three times late last year but have since have been on hold.… Continue Reading

The Trump family’s next venture, a mobile phone company

The Trump family’s next venture, a mobile phone company

NEW YORK (AP) — The Trump family company says it’s launching a mobile phone company, the latest in a string of ventures that have been announced while Donald Trump is in the White House. Eric Trump, one of President Trump’s sons, said Monday that the new company would build its own phones and maintain a call center in the U.S. The new business follows several real estate deals for towers and resorts in the Middle East, including a golf development in Qatar announced in April, and a $1.5 billion partnership to build golf courses, hotels and real estate projects in Vietnam.… Continue Reading

The Latest: Trump attends G7 summit amid his trade war with US allies

The Latest: Trump attends G7 summit amid his trade war with US allies

President Donald Trump has arrived for the G7, or Group of Seven, summit in Canada, a country he’s suggested should be annexed, as he wages a trade war with America’s longstanding allies. If there’s a shared mission at this year’s G7 summit, which begins Monday in the Rocky Mountains, it’s a desire to minimize any fireworks at a moment of combustible tensions.… Continue Reading

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