
Jaclyn Jeffrey-Wilensky
Data Reporter, Investigations at U.S. News and World Report
Investigative data reporter, @WNYC/@gothamist/@newmarkjschool/@COVID19tracking alum, garbage enthusiast.
Articles
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1 week ago |
usnews.com | Tim Smart |Jaclyn Jeffrey-Wilensky
After one of the most tumultuous weeks in market and economic history, there is little on the economic calendar to be of concern this week. That does not mean there won’t be turbulence as the issue of President Donald Trump’s import tariffs remains front and center. The president appears to have exempted some key items – smartphones, computers and other electronics – from Chinese exports that are now subject to tariffs of 145%.
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1 month ago |
usnews.com | Tim Smart |Jaclyn Jeffrey-Wilensky
The Federal Reserve kept interest rates unchanged while decreasing its forecasts for economic growth this year to 1.7% from 2.1% in December. It increased its estimate of inflation this year to 2.7% from 2.5% in December and also raised its projected unemployment rate for the year to 4.4% from 4.3%. The Federal Reserve on Wednesday did the expected, keeping interest rates unchanged while downgrading its forecast for economic growth this year and through 2027.
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1 month ago |
usnews.com | Tim Smart |Jaclyn Jeffrey-Wilensky
READ: Consumer Sentiment Tumbles in MarchPresident Donald Trump entered his second stint in the White House promising a complete makeover of the U.S. economy. Taxes would be lower, import tariffs would be used to bring America’s trading partners to heel, immigrants would be sent packing, and grocery prices would come down.
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1 month ago |
usnews.com | Tim Smart |Jaclyn Jeffrey-Wilensky
After a roller-coaster week in which markets and economists were occupied with the effects of President Donald Trump’s tariffs, the focus turns this week to something more predictable. That will be the state of interest rates as the Federal Reserve meets to consider monetary policy. The stock market surged 650 points to end a week that still left major indexes near correction territory. Among the concerns: tariffs and a sharp increase in consumers’ inflation expectations.
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1 month ago |
usnews.com | Tim Smart |Jaclyn Jeffrey-Wilensky
The mood of consumers has taken another sharp downward turn in March as President Donald Trump’s disorderly rollout of import tariffs and persistent inflation have dampened the enthusiasm of Americans toward the economy. The March consumer sentiment survey from the University of Michigan registered a 10.5% drop following February’s sharp decline. While sentiment about current conditions fell only 3.3% in March, the index of consumer expectations posted a 15.3% drop.
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