The economy this week: New jobs are low, tariffs are up and interest rates hold
Summary
This week, the U.S. economy saw fewer new jobs, higher tariffs, and steady interest rates. Trade deals from the Trump administration were also discussed.Key Facts
- The number of new jobs in the U.S. was low this week.
- Tariffs, which are taxes on imports and exports, increased.
- The Federal Reserve kept interest rates the same.
- The Trump administration announced new trade deals.
- Mary Lovely from the Peterson Institute for International Economics provided insights on these economic changes.
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