Paul Davidson
Economics and Jobs Reporter at USA Today
USA TODAY economics reporter who covers topics such as jobs, consumer spending and manufacturing.
Articles
-
1 day ago |
usatoday.com | Joey Garrison |Paul Davidson
WASHINGTON ― President Donald Trump ramped up his call for Federal Reserve Chair Jerome Powell to lower interest rates in response to new data showing U.S. employers in May added the fewest number of workers in more than two years. Private employers added only 37,000 jobs in May, according to the ADP National Employment Report released on June 4, significantly fewer than the 110,00 jobs that economists polled by Reuters had predicted. It was the smallest gain ADP has monitored since March 2023.
-
3 weeks ago |
usatoday.com | Paul Davidson
A sharp drop in wholesale prices last month signaled a few key takeaways about the outlook for U.S inflation and the economy. President Donald Trump’s tariffs appear to be holding down inflation for now, especially for services such as air travel and hotels, as uncertainty dampens consumer demand. But the levies are squeezing the profit margins of manufacturers and retailers, signaling that the impact on consumers is coming, economists say.
-
1 month ago |
sg.finance.yahoo.com | Paul Davidson |Bailey Schulz |Rachel Barber |Andrea Riquier |Medora Lee
“We are going to need to see how this evolves. There are cases in which it would be appropriate for us to cut rates this year. There are cases in which it wouldn't. And we just don’t know until we know more about how this is going to settle out and what the economic implications are for employment and for inflation,” he said.
-
1 month ago |
usatoday.com | Bailey Schulz |Paul Davidson |Andrea Riquier |Medora Lee |Rachel Barber
Despite President Donald Trump pressing for lower interest rates, economists say the Federal Reserve will likely stick to its wait-and-see approach and hold rates steady on May 7. The Fed will likely need more clarity before ending the pause, economists say.
-
1 month ago |
greatfallstribune.com | Paul Davidson |Bailey Schulz |Rachel Barber |Andrea Riquier |Medora Lee
Paul Davidson Bailey Schulz Rachel Barber Andrea Riquier Medora LeeUSA TODAYWASHINGTON – The Federal Reserve is still firmly in wait-and-see mode. The Fed left its key interest rate unchanged again Wednesday and gave no hint it plans to lower it soon as President Donald Trump’s sweeping tariffs raise the risks of both another inflation spike and recession. But officials signaled they're growing increasingly concerned about both hazards.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →X (formerly Twitter)
- Followers
- 2K
- Tweets
- 697
- DMs Open
- No
Did you recently get a new job with a pay increase? Please email [email protected]
Are you looking for a job or have you looked recently? Has it been easy or difficult to find one? Please email [email protected]
Calling all part-time or full-time gig workers! Is one of the reasons you like your role that you don’t have to deal with colleagues? If so send me an email at [email protected]