U.S. Economy

Employers' wage and benefit costs climbed in the second quarter of this year.

The economy grew at a 4.1 percent rate in the second quarter, almost double the January-March period's 2.2 percent pace and the strongest performance in nearly four years.

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Meanwhile, Detroit automakers General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles lowered their full-year profit forecasts just last week amid worries escalating tariffs would hurt margins and sales.

Higher prices in the wake of possible tariffs would exacerbate what is already mounting pressure on consumer product company profits from soaring costs from pulp, a main ingredient in tissues, diapers and sanitary towels.

Tony Sayegh reacts to the short-term impact of President Trump’s trade policies.

The company said trade-related uncertainties and rising tariffs are negatively impacting prices of chicken and pork.

Brian Duncan, a hog farmer from Illinois, is uncertain what the latest agreement between the U.S. and EU means for him.

Third-quarter forecasts aren't getting any help from the second quarter.

Vice President Mike Pence, speaking in an exclusive interview with FOX Business’ Maria Bartiromo, credited Trump administration policies and the Republican Congress for reviving the U.S. economy.

Second-quarter GDP sets the stage for a stronger economy in 2018, according to the Council of Economic Advisers Chairman Kevin Hassett.

A stronger reading on U.S. economic growth last quarter likely would have given the Fed more reason to accelerate rate hikes.

President Trump attributed the economic growth to his administration’s policies.

The U.S. economy grew by 4.1% in the second quarter.

Trump called the latest GDP numbers 'great' in a tweet.

President Trump touted U.S. economic growth in a speech at a newly reopened U.S. Steel plant in the St. Louis-area town of Granite City, Ill.

Connecticut, New York and California are some of the U.S. states drowning in debt.

2Q GDP may show the US economy is turning a corner.

The healthy increase in durable goods orders points to robust growth in the April-June quarter.

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