U.S. to Impose 100% Tariff on Branded Drugs Unless Firms Build Plants
President Trump says a 100% tariff will apply to branded pharmaceutical imports from Oct. 1, unless the companies have begun building manufacturing plants in the U.S.
Jobs & Labor Market
Get the latest on employment, wages and workforce trends in major economies. This section covers nonfarm payrolls, unemployment rates, job creation and labor policy developments. We offer timely updates and context to help readers understand how labor market health influences consumer spending, inflation and central bank decisions, making it a crucial part of the economic picture.
Fed Cuts Rates by 0.25%, Signals Two More Reductions Amid Labor Market Concerns
The Federal Reserve lowered its benchmark rate by 0.25% to 4.00%–4.25%, its first step in a projected series of cuts as job growth slows and inflation stays high.