Harriet Torry

United States

Western U.S. Economics Reporter at The Wall Street Journal

Journalist @WSJ, Londoner in Houston covering the economy of the western U.S. Former Berliner. [email protected] / [email protected]

Articles

Underlying Demand Was Weaker Than First Thought at Start of Year

1 week ago | wsj.com | Harriet Torry

Underlying demand in the U.S. economy grew less than previously thought in the three months through March, revised data showed Thursday. Final sales to private domestic purchases, a measure that tracks demand from businesses and consumers, rose at a 2.5% rate. The figure was down from an earlier estimate of 3%. The reading, in updated Commerce Department GDP data issued Thursday, was the weakest since mid-2023.
Q1 Contraction Milder Than Initially Thought, GDP Declined at 0.2% Rate

1 week ago | wsj.com | Harriet Torry

The U.S. economy's contraction during the first quarter was slightly less severe than initially thought, according to new government data. Gross domestic product, a broad measure of the goods and services produced across the U.S., contracted at a 0.2% seasonally and inflation-adjusted annual rate January through March, the Commerce Department said Thursday. The department estimated a month ago that first-quarter GDP contracted at a 0.3% rate.
Producer Prices Fall 0.5%

3 weeks ago | wsj.com | Harriet Torry

Factory-gate prices fell unexpectedly last month, due to a decline in services prices. The producer-price index dropped by a seasonally adjusted 0.5% in April, the Labor Department said Thursday. It attributed the decline to a 0.7% drop in services prices, the largest pullback since the index began in December 2009, due to lower margins for trade services. The index for goods was unchanged. Economists polled by The Wall Street Journal had expected the overall index to rise by 0.3%.
米中の関税引き下げ、米経済はどうなる

3 weeks ago | jp.wsj.com | Harriet Torry |Justin Lahart

エコノミストはリセッション確率を引き下げ　米経済が中国と関係を断ちつつあるとあなたが思っているなら、考え直すべきだ。「双方ともデカップリング（切り離し）は望んでいない」とスコット・ベッセント米財務長官は12日、対中関税を大幅に引き下げる暫定合意を発表する際に語った。ベッセント氏によれば、米国は中国との「長期にわたる持続的な通商協定」を目指している。　今回のリセットにより、米経済はモノの主要消費国として慣れ親しんだ軌道に戻り、リセッションのリスクが低下するとエコノミストたちはみている。この新たな合意で、関税のショック療法を使って製造業大国としての米国の地位を回復しようとする試みも一時中断する。Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8ウォール・ストリート・ジャーナル日本版今すぐ購読する Special Advertising Section アクセスランキング
美中暂时下调关税对美国经济意味着什么？

3 weeks ago | cn.wsj.com | Harriet Torry

美中关系重置使美国经济重新回到作为主要商品消费国的更熟悉的轨道上，并降低了经济衰退的风险。如果你以为美中两国经济将“分道扬镳”，那你得重新想一想了。美国财政部长斯科特·贝森特(Scott Bessent)周一宣布大幅降低关税的临时协议时表示：“任何一方都不想脱钩。”他说，美国正在寻求与中国达成一项“长期且持久的贸易协议”。经济学家们表示，这一调整使美国经济重新回到作为主要商品消费国的更熟悉的轨道上，并降低了经济衰退的风险。这项新协议还暂时放弃了通过关税休克疗法来恢复美国制造业强国地位的尝试。Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8立即订阅热门文章热门视频
What the U.S.-China Tariff Rollback Means for the American Economy

3 weeks ago | wsj.com | Harriet Torry |Justin Lahart

The relationship reset steers the U.S. economy back on a more familiar path as the major consumer of goods as economists lower recession oddsIf you thought the U.S. economy was breaking up with China, well, think again. “Neither side wants to decouple,” Treasury Secretary Scott Bessent said Monday in announcing the temporary agreement that dramatically lowered tariffs. The U.S., he said, was seeking “a long-lasting and durable trade deal” with China.
Economists Welcome U.S.-U.K. Agreement for Signal Rather Than Substance

4 weeks ago | wsj.com | Harriet Torry

Economists welcomed the Trump administration’s agreement on trade with the U.K. Thursday, describing it as a positive sign of U.S. flexibility on trade which both sides can tout as a win. Still, the U.K. is a relatively minor player in U.S. trade, and under the deal, the 10% tariff the U.S. imposed against U.K. goods will remain in place.
トランプ氏の利下げ要求、FRBに「影響ない」＝パウエル議長

4 weeks ago | jp.wsj.com | Harriet Torry

ドナルド・トランプ米大統領は先月、自身の関税政策の衝撃を和らげようと、米連邦準備制度理事会（FRB）のジェローム・パウエル議長に利下げを要求した。それを拒否したパウエル氏を「ひどい負け犬」と呼んだ。　パウエル氏は連邦公開市場委員会（FOMC）を受けた7日の記者会見でトランプ氏の要求について質問されると、そうした圧力は「FRBの職務も、その実行方法にも別に影響はない」と語った。FRBは経済データと二つの使命に専念していると話した。Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8ウォール・ストリート・ジャーナル日本版今すぐ購読する Special Advertising Section アクセスランキング
Powell Says He Hasn’t Sought a Meeting With Trump, or Any President

1 month ago | wsj.com | Harriet Torry

Fed Chair Jerome Powell in Washington on Wednesday. (Jim Lo Scalzo/Shutterstock)Fed Chair Jerome Powell fielded a question on why he hasn’t met with President Trump so far during his second presidential term. According to Powell, he hasn’t been asked to. “I’ve never asked for a meeting with any president and I never will,” Powell said. “I don't think it's up to a Fed chair to seek a meeting with the president, although maybe some have done so.
Rising Inflation, Unemployment Would Leave Fed With 'Difficult' Choice

1 month ago | wsj.com | Harriet Torry

Reporters pressed Chair Jerome Powell at his news conference Wednesday on what the Fed plans to do if the jobless rate rises alongside price pressures: Which part of the dual mandate will the Fed give priority to, inflation or unemployment? “We could be in a position of having to balance those two things, which is, of course, a very a difficult balancing judgment that we'd have to make,” he said.