Global Markets

A CBO report projects the Trump budget package would have minimal positive effect on GDP growth (0.04 percentage point), while adding $441 billion to federal budget deficits over the next decade.

A new survey found many companies are taking a wait-and-see approach to U.S. tariffs, although the vast majority are now preparing for what’s to come.

What constantly shifting trade policy means for global business, and how companies can mitigate the risk.

In the Fed’s latest Beige Book survey, “all districts reported elevated levels of economic and policy uncertainty, which have led to hesitancy and a cautious approach to business and household decisions.”

While U.S. GDP fell slightly to start the year, other nations’ economies were growing.

Q1’s 2.9% decrease in profits follows a 5.4% increase in Q4/2024.

However, revised government numbers for Q1 indicate stronger business investment and a greater accumulation of inventories than initially reported.

A three-judge panel rejected the government’s argument that Trump had authority to unilaterally issue tariffs under a law intended to address financial transactions during national emergencies.