Bank of England chief focused on tariff 'growth shock' but downplays UK recession risk
Bank of England Governor Andrew Bailey said Thursday that the central bank is focused on the potential U.K. growth shock from U.S. tariffs.
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Orders for big-ticket items like autos and appliances surged 9.2% in March in rush to beat tariffs
Transportation equipment orders surged 27%, led by a 139% increase in nondefense aircraft and parts.
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Fed Officials Argue for Patience While Gauging Tariff Impact
Federal Reserve officials speaking in television interviews Thursday indicated they see no urgency for a change in monetary policy as they seek more information to determine how the Trump administration's trade tariffs are affecting the economy.
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Trump's Economic Statecraft Is Making US Poorer
President Donald Trump's tariffs and protectionism are hardly novel. Presidents Ronald Reagan and Bill Clinton restricted Japanese car imports, which motivated Toyota, Honda and Nissan to establish production here. President Joe Biden continued most of Mr. Trump's tariffs...
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Final Verdict on Trump's Tariffs May Be Harsh
But economies are dynamic. Trying to freeze them in place with trade barriers doesn't stop change; it just makes the transition harder, costlier and more painful
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The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting the labor market remains resilient despite darkening clouds over the economy caused by tariffs on imported goods.
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