economy

President Trump has proposed slashing federal scientific funding. Economists say the long-term consequences could be dire.

Between tariffs roiling the global economy and OPEC putting more barrels on the market, prices have dropped significantly since January. That's good for consumers, and bad for oil companies.

While the 100-day mark of a presidency is a made-up milestone, it's still worthwhile to take stock of a new administration. Here's where Trump stands on 10 key benchmarks.

The International Monetary Fund slashed its growth forecasts for the global economy to 2.8% as President Trump's tariffs risk sparking a trade war.

President Trump lashed out at Powell for not acting sooner to lower interest rates. The president's own tariffs make that more difficult, by putting upward pressure on prices.

The S&P 500 sank 2.2% after falling as much as 3.3% earlier. Such an amount would have vied for one of its worst losses in years before the historic swings that have upended Wall Street in recent weeks.

Consumer prices in March were up 2.4% from a year ago — a smaller annual increase than forecasters had expected. While President Trump has suspended many of his new tariffs, import taxes that remain could push prices higher in the months to come.

If there's no quick armistice in the tariff war launched by President Trump, American consumers will be footing the bill, most economists agree. But if tariffs end, prices might be slow to come back down.

The Trump administration's tariffs are fueling concerns about a potential recession, especially after the economy shrank in the first quarter of 2025. What is recession and who declares one?

The business sector has tried to avoid criticizing Trump in public and welcomed his vows of lower taxes and deregulation, but the market sell-off appears to have loosened more tongues on Wall Street.