President Trump is staring down a big week on the economy.
White House trade talks are intensifying ahead of an Aug. 1 deadline for “reciprocal” tariffs and a Wednesday decision on interest rates from the Federal Reserve. There will also be second-quarter growth results, the monthly jobs report for July, and price data that could show tariff effects.
Tensions appear to be cooling off between Trump and Fed Chair Jerome Powell after soaring last week during a rare and confrontational joint appearance, but the central bank’s upcoming rate decision could inflame the dynamic again.
Results on employment levels and economic growth could also embolden Trump, who’s been riding high after his tax cuts made it through Congress faster than many had expected. If they fall short, they could put the White House on the defensive or spur a market slump. Read more