Economy

The U.S. and China are moving forward with a framework they agreed upon earlier this month, and the White House is suggesting more deals are imminent ahead of a July 8 deadline it imposed.

Federal Reserve Chair Jerome Powell, under continued attack from President Trump, says the impact of tariffs on inflation should become clearer in the coming months.

The Federal Reserve held interest rates steady Wednesday. Members of the central bank's rate-setting committee also telegraphed their plans for possible rate cuts later this year.

Consumer prices in May were up 2.4% from a year ago, but inflation eased on a monthly basis, according to the latest figures from the Labor Department

As they process President Trump's chaotic tariffs and other economic policies, some of the country's most powerful CEOs are moving from denial and bargaining to public anger and depression.

U.S. employers added 139,000 jobs in May — a modest slowdown from the previous month. The unemployment rate held steady at 4.2%, as the workforce shrank.

The Congressional Budget Office projected President Trump's tariffs could raise trillions of dollars over the next decade — but they could also lead to higher inflation and slower economic growth.

About a dozen members from Oregon’s coffee industry told U.S. Rep. Suzanne Bonamici the import taxes shouldn’t be levied on things like coffee beans that can’t be replaced domestically.

The bill allows construction workers to go to court to recover lost wages not just from the subcontractors who pay them directly, but from the property owners and general contractors “at any tier.”

In a cost-cutting move, the Treasury Department will soon stop minting new pennies. The one-cent coins will still be legal tender. There are more than 100 billion pennies in circulation but many are gathering dust in change jars and forgotten pockets.