Economy Mar 08 WATCH: Fed Chair Powell says interest rates on hold amid broad economic uncertainty The Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump's policies to resolve, Chair Jerome Powell said Friday at a conference in New York.
Politics Mar 06 WATCH: Trump signs orders postponing some tariffs on imports from Mexico and Canada President Donald Trump on Thursday postponed 25 percent tariffs on many imports from Mexico and some imports from Canada for a month amid widespread fears of the economic fallout from a broader trade war.
Politics Mar 06 For a second time, Trump delays tariffs on most goods from Mexico Trump's announcement comes after his Commerce Secretary, Howard Lutnick, said tariffs on both Canada and Mexico would "likely" be delayed.
Economy Feb 28 Consumers cut spending by most in four years last month Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy.
Politics Feb 21 Could Trump really give money from Musk’s DOGE cuts to taxpayers? If Musk's target of $2 trillion in spending cuts is achieved by next year, supporters of the idea say that about one-fifth of those funds could be distributed to taxpaying households in checks of about $5,000. But budget experts say…
Economy Feb 12 U.S. inflation increases to 3 percent, groceries and gasoline prices heading higher The consumer price index increased 3% in January from a year ago, Wednesday's report from the Labor Department showed, up from 2.9% the previous month.
Politics Feb 12 WATCH: Powell says Trump’s calls for lower interest rates won’t affect Fed’s decisions Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions.
Politics Feb 11 WATCH: Powell says Fed ‘well positioned’ for ‘risks and uncertainties’ that lie ahead for economy After cutting its key rate a full percentage point in the final three months of last year, with "the economy remaining strong, we do not need to be in a hurry to adjust our policy stance," Powell said in written…
Politics Feb 09 Trump says he plans to impose steel and aluminum tariffs, with more import duties coming President Donald Trump said he will announce on Monday that the United States will impose 25 percent tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week.
Politics Feb 09 Vought orders CFPB to stop investigations and suspend new rules from taking effect The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.