Paul Davidson
Economics and Jobs Reporter at USA Today
USA TODAY economics reporter who covers topics such as jobs, consumer spending and manufacturing.
Articles
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1 week ago |
usatoday.com | Bailey Schulz |Paul Davidson
The Federal Reserve released new economic projections on June 18, forecasting higher inflation and slower economic growth than previously anticipated amid shifting trade, immigration, fiscal and regulatory policies. And Fed Chair Jerome Powell warned price increases could dampen the summer for Americans nationwide. Annual consumer price increases are expected to hit 3% this year, up from March’s prediction of 2.7%. Expectations for gross domestic product growth fell from 1.7% in March to 1.4%.
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1 week ago |
eu.northjersey.com | Paul Davidson |Bailey Schulz |Andrea Riquier |Rachel Barber
WASHINGTON – The Federal Reserve held interest rates steady again Wednesday and kept its forecast for two cuts this year as officials struggled to balance the dual hazards of President Donald Trump’s sweeping tariffs - higher inflation and a weaker economy. The decision leaves the Fed’s benchmark short-term rate at a range of 4.25% to 4.5% for a fourth straight meeting.
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1 week ago |
northjersey.com | Paul Davidson |Bailey Schulz |Andrea Riquier |Rachel Barber
WASHINGTON – The Federal Reserve held interest rates steady again Wednesday and kept its forecast for two cuts this year as officials struggled to balance the dual hazards of President Donald Trump’s sweeping tariffs - higher inflation and a weaker economy. The decision leaves the Fed’s benchmark short-term rate at a range of 4.25% to 4.5% for a fourth straight meeting.
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3 weeks ago |
usatoday.com | Paul Davidson
U.S. payroll growth slowed modestly in May as employers added 139,000 jobs amid uncertainty about President Trump's sweeping import tariffs, federal government layoffs and immigration crackdown. The unemployment rate held steady at 4.2%, the Labor Department said Friday. Before the report’s release, economists surveyed by Bloomberg estimated that 125,000 jobs were added last month.
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3 weeks ago |
capecodtimes.com | Paul Davidson
The unemployment rate held steady at 4.2%, the Labor Department said Friday. Before the report’s release, economists surveyed by Bloomberg estimated 125,000 jobs were added last month. Job gains for March and April were revised down by a combined 95,000, portraying a weaker labor market than believed in late winter and early spring. March's total was downgraded from 185,000 to 120,000 and April's from 177,000 to 147,000.
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