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Business and Economic News

How tariff uncertainty affects the economy and your money
Coming up at 9 a.m. on Monday, MPR News host Angela Davis talks with Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, about tariffs, inflation, the job market and responding to an uncertain economy.
Federal jobs watch: Just-released February jobs report shows few losses in Minnesota
The federal workforce includes nearly 34,000 jobs in Minnesota. Over 20,000 are located in the Twin Cities metropolitan area. The Bureau of Labor Statistics’ month jobs report shows a loss of 100 federal jobs through Minnesota from January to February. Surprisingly, the report showed a gain of 100 federal jobs in the Minneapolis and St. Paul metro.
'We're already on thin margins': Minnesota retailers react to the potential global tariffs
The severe change in economic policy has rocked financial markets globally. But how could these tariffs affect markets in Minnesota? Two retailers expressed their disappointment and hope.
Trump pauses tariffs on most nations for 90 days, raises taxes on Chinese imports
Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125 percent.