US economy
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Fed Minutes Signal One More Rate Increase Before Year-End as Inflation Persists
Federal Reserve minutes reveal most officials anticipate a further rate increase before 2027, even as policymakers weigh slowing inflation against borrowing costs.
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US administration moves to roll back Biden-era vehicle efficiency rules
President Trump announced plans to replace stricter fleet efficiency targets with revised standards, shifting federal policy away from clean car mandates.
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Fed Faces Market Pressure for Rate Hike as Trump Demands Cuts
Ahead of the September FOMC meeting, the Federal Reserve faces a tug-of-war between market expectations for a rate hike and President Trump’s demands for cuts.
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Rising Costs and Regulatory Hurdles Complicate Regional Affordable Housing
Rising construction costs and complex financing are reshaping affordable housing projects across the US, even as demand for workforce housing hits record levels.
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Fed Rate Hike Odds Surge as Energy Costs and Wholesale Prices Climb
Renewed inflation pressure and surging oil prices are pushing Wall Street to bet on a Federal Reserve interest rate hike at next week’s policy meeting.
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Trump’s $5,000 Payout Pledge Sparks Legal and Economic Debate
President Trump’s proposal to pay $5,000 to every American adult faces scrutiny over legal viability, funding sources, and potential economic impact.
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Trump Promises $5,000 Dividend to US Adults if GOP Retains Congress
Donald Trump promised a $5,000 dividend to every US adult if Republicans keep Congress, raising severe legal and fiscal questions.
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At G20 Summit in Asheville, Bessent Urges Allies to Adopt Tariffs and Defends US Markets
At the G20 summit, U.S. Treasury Secretary Scott Bessent urged allies to adopt tariffs against Chinese exports as Washington prepares new targeted import fees.
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Macroeconomic Impact of Entertainment: GTA 6 Launch Projected to Cost US Businesses $1 Billion in Lost Productivity
Economists project a 2% short-term drop in US productivity during the launch week of Grand Theft Auto VI, as workers plan coordinated time off.
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Macroeconomist Peter Schiff Warns Trump Fiscal Policies Escalating Inflation and Debt Risks
Macroeconomist Peter Schiff warns that surging federal debt and persistent inflation under Trump threaten U.S. stability, risking GOP electoral defeat.
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Nasdaq Slips as Treasury Yields Rebound and Inflation Fears Resurface
Nasdaq fell 0.7% as rising oil prices and concerns over US debt levels dampened investor sentiment following a brief Treasury-driven rally.
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US Borrowing Costs Hold at Three-Week Lows as Inflation Data Matches Forecasts
Mortgage rates held at three-week lows after July CPI inflation matched forecasts, leaving bond markets stable following pre-release gains.
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US Imposes New Tariffs on 60 Trading Partners Following Expiration of Temporary Levy
The Trump administration has enacted new 10% to 12.5% tariffs on 60 nations, citing forced labor concerns after a previous temporary levy expired.
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US Producer Prices Fall in June, Bolstering Expectations for Fed Rate Cuts
US producer prices dropped 0.3% in June, signaling cooling inflation and fueling market optimism for potential Federal Reserve rate cuts later this year.
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US Inflation Cools to 3.5% in June as Energy Costs Drop
US annual inflation slowed to 3.5% in June, driven by a sharp decline in gasoline prices, though geopolitical tensions in the Middle East threaten future stability.