John Carney

Hard Data Trumps Soft Data and Media Narrative The financial press and sentiment surveys keep insisting that the U.S. economy is teetering on the brink of recession. But hard data tells a different story. Economic activity in the U.S. remains […]

The Federal Reserve left its benchmark interest rate unchanged on Wednesday, holding steady at 4.25 percent to 4.5 percent for a second consecutive meeting as officials signaled that inflation remains stickier than expected, even as economic growth shows signs of

Consumer sentiment fell sharply in March, with Democrats’ expectations for the economy hitting an all-time low, according to the University of Michigan’s latest consumer sentiment survey, highlighting an unprecedented partisan divide in economic outlook. The survey’s headline index dropped to

Promises made, promises kept. “When I win, I will immediately bring prices down, starting on Day One,” Donald Trump said on the campaign trail last summer. Critics claimed, without evidence, that Trump’s tariff plans would raise inflation. Many economists argued

Trump’s Election Jolted Manufacturing Back to Life We’ve officially reached the halfway mark of the first 100 days of President Donald Trump’s second presidency. What we learned today is that the labor market is stronger than thought, factory jobs are

President Donald Trump is ratcheting up pressure on Canada, announcing late Monday that he will double tariffs on Canadian steel and aluminum to 50 percent, citing Ontario’s move to levy a tax on U.S. electricity exports. “This will go into

Why Liberals Fear Trump’s Trade Agenda Liberals claim they oppose President Donald Trump’s tariffs and trade policies because they will raise prices or undermine the post-war economic system. But the real reason they are desperate to stop Trump’s trade agenda

The U.S. labor market added 151,000 jobs in February, a modest acceleration from the 143,000 jobs gained in January but short of the 160,000 economists had forecast. The unemployment rate edged up to 4.1 percent, defying expectations that it would

President Donald Trump on Thursday paused tariffs on Mexican and Canadian goods that comply with the U.S.-Mexico-Canada Agreement (USMCA), granting a reprieve to America’s two largest trading partners. Trump signed an order modifying the tariffs he put in place earlier

President Donald Trump is expected to announce changes on Wednesday to the sweeping tariffs imposed on Mexico and Canada, Commerce Secretary Howard Lutnick said. The administration may exempt certain goods, including cars that meet U.S.-Mexico-Canada Agreement (USMCA) standards, from the