Victoria Guida

The approval from investors would come as Trump faces a severe financial crunch: He’s been hit with more than $500 million in civil penalties, not to mention ongoing legal fees as he appeals verdicts against him.

The speed and timing of rate cuts is top of mind for both Washington and Wall Street as they try to gauge the outlook for jobs, stocks and economic growth.

The concern is that higher rates are putting pressure on households and businesses looking to borrow, weighing on hiring, investment and the housing market.

The U.S. economy put up yet another blockbuster jobs report in March. | Julia Nikhinson/AP By Victoria Guida and Alex Isenstadt

President Joe Biden has been presiding over a good news economy for the past year, with strong growth, low unemployment and falling inflation.

Who can say where inflation goes? By VICTORIA GUIDA and ZACHARY WARMBRODT 04/10/2024 08:00 AM EDT Presented by

Why booming growth might not bring an inflation bust By VICTORIA GUIDA 04/22/2024 08:00 AM EDT

The big question now is what this report suggests will happen going forward. The worst-case scenario for the president would be for the economy to continue to slow while inflation stays elevated.

As Federal Reserve Chair Jerome Powell weighs how soon to cut interest rates, the economy's resilience is giving him the luxury of time.

The Fed's rate dance By VICTORIA GUIDA and ZACHARY WARMBRODT 05/01/2024 08:00 AM EDT Presented by the Financial Services Forum