Economic Research Center
Economy
Treasury posts unexpected surplus in June as tariff receipts surge
Last month saw a surplus of a little more than $27 billion, following a $316 billion deficit in May.
Trump announces 35% tariffs on Canada starting Aug. 1, warns of higher levies if Ottawa retaliates
President Donald Trump announced a 35% tariff on Canadian imports, starting Aug. 1, the latest letter to a trade partner that threatens high rates.
Inflation expectations drift back down to pre-tariff levels, New York Fed survey shows
Fears earlier this year that President Donald Trump's tariffs would result in a sharp inflation spike have completely receded.
Trump threatens extra 10% tariff on countries that align with 'Anti-American' BRICS policies
Trump confirmed the U.S. will start delivering letters on Monday, detailing tariff rates and any agreements reached with various trading partners.
Here's where the jobs are for June 2025 — government sector leads the way
State and local government job growth boosted the U.S. labor market in June.
U.S. payrolls increased by 147,000 in June, more than expected
Nonfarm payrolls were expected to increase 110,000 in June. The unemployment rate was forecast to rise to 4.3%.
With June jobs report looming, DOGE government layoffs could start becoming a factor
A gradual pullback in hiring and job openings has come as hundreds of thousands of federal workers are out looking for employment.
The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says
Economists polled by Dow Jones forecast an increase of 100,000 for the month.
Core inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows
The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones consensus.
Fed Governor Bowman favors July interest rate cut if inflation stays low
Bowman is the second central banker in recent days to suggest tariffs are likely to have a temporary and muted impact on prices.