ECB Cuts Interest Rates to Counter Threat From Trump Tariffs 
 

The bank cut by a quarter point to cushion Europe's flagging economy from Trump's trade war.

 
Trump Lashes Out at Powell, Says 'Termination Cannot Come Fast Enough' 
 

The central bank leader had warned Wednesday that the Fed could face a difficult trade-off as tariffs raise prices and weaken the economy.

 
S&P 500 Opens Higher as Trump Renews Attack on Fed Chair Powell 
 

The Dow Jones Industrial Average dropped, while the S&P 500 and the tech-heavy Nasdaq notched small gains.

 
Fed officials still resisting pressure to cut interest rates after Trump calls for Powell's 'termination' 
 

New York Fed President John Williams pushed back on calls from President Donald Trump and others for a quick interest-rate cut, saying the Federal Reserve's benchmark rate was in a good place for the time being.

 
Philadelphia Fed names Anna Paulson as new president 
 

The Philadelphia Federal Reserve on Thursday named Anna Paulson as its next president in a move that appears to cement the regional bank's reputation as a middle-of-the road voice in Fed deliberations on monetary policy.

 
Jobless claims fall to 2-month low. Labor market stays strong amid trade wars. 
 

If the stress of trade wars starts to pressure the U.S. economy, one of the first signs is likely to be an increase in layoffs and unemployment. Yet so far there's no evidence the labor market is suffering. The number of people who applied for unemployment benefits last week fell by 9,000 to 215,000 and matched a two-month low.

 
Global Growth to Slow Amid Trade War, But Recession Unlikely, IMF Head Says 
 

Kristalina Georgieva said a breakdown of trust sparked a 'reboot of the global trading system' but the global economy will avoid a recession.

 
Japan's Exports Rose in March, But Pace Slowed Sharply 
 

Japan's exports rose for a sixth straight month in March but at a much slower pace as concerns over U.S. President Trump's tariffs start to weigh on global trade.

 
Anxious Trading Partners Promise to Buy American to Stave Off Trump's Tariffs 
 

Countries are offering to buy more American goods in a bid to eliminate their trade deficits with the U.S., but not everyone is splurging.

 
U.S. Tries to Crush China's AI Ambitions With Chips Crackdown 
 

New chip restrictions for Nvidia and AMD show the Trump administration's determination to battle China on tech advances as well as trade.

(END) Dow Jones Newswires

April 17, 2025 11:00 ET (15:00 GMT)

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