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Supreme Court strikes down Trump’s sweeping tariffs

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WASHINGTON (AP) - The Supreme Court struck down President Donald Trump's far-reaching global tariffs on Friday, handing him a significant loss on an issue crucial to his economic agenda. The 6-3 decision centers on tariffs imposed under an emergency powers law, including the sweeping... Read More.

US new home sales fall in December; inventory declines

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WASHINGTON, Feb 20 (Reuters) - Sales of new U.S. single-family homes fell in December, but builders made progress in reducing an inventory bloat, potentially allowing them to break ground on more new housing projects. New home sales dropped 1.7% to a seasonally adjusted annualized rate... Read More.

US economic growth slows sharply in the fourth quarter

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By Lucia Mutikani WASHINGTON, Feb 20 (Reuters) - U.S. economic growth slowed more than expected in the fourth quarter amid disruptions from last year's government shutdown and a moderation in consumer spending, but tax cuts and investment in artificial intelligence were expected to support activity... Read More.

US PCE inflation heats up in December

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WASHINGTON, Feb 20 (Reuters) - Underlying U.S. inflation increased more than expected in December, and signs are pointing to a further acceleration in January, which would strengthen expectations that the Federal Reserve would not cut interest rates before June. The personal consumption expenditures price index,... Read More.
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