Powell said that tariffs have dampened consumer and business sentiment and the government recently reported that the U.S.

US Filings for Jobless Aid, a Proxy for Layoffs, Inch Down Modestly Last Week as ... uncertainty over U.S. trade policy. Applications for jobless benefits fell by 2,000 to 227,000 for the week ...

Applications ... unemployment benefits for the week of May 10 climbed by 36,000 to 1.9 million. Wall Street flips to losses after spending bill passes the House raising anxiety over US debt ...