Sep 16 Shoppers increased retail spending by 0.6% in August, even as tariffs led to price hikes and hurt jobs By Anne D'Innocenzio, Associated Press Shoppers increased their spending at a better-than-expected pace in August from July, helped by back-to-school shopping, even as President Donald Trump’s tariffs are starting to hurt the job market and lead to price increases. Continue reading
Sep 15 Fed faces economic uncertainty and political pressure ahead of interest rate decision By Chris Rugaber, Associated Press Investors expect the Fed to reduce its benchmark interest rate by a quarter point, to about 4.1%. But it's not even clear which Fed officials will be making the decision. Continue reading
Sep 11 Watch 5:42 Hardworking Virginia family struggles to achieve American dream By Lisa Desjardins, Kyle Midura Headlines have recently been dominated by news that directly affects people’s lives, from the new tax cut and Medicaid law to near-daily economy updates. But those headlines don’t always capture the everyday reality for millions of Americans just trying to… Continue watching
Sep 09 Watch 6:28 Revised job numbers raise new concerns about economic slowdown By Geoff Bennett, Courtney Norris The Bureau of Labor Statistics says the U.S. job market is much weaker than initially believed. More than 900,000 fewer jobs were added in 2024 and 2025 than previously reported. The BLS issues revisions every year, but this change is… Continue watching
Sep 05 Watch 9:36 Chicago Fed president unpacks weak jobs report and what it says about the economy By Amna Nawaz, Karina Cuevas The labor market appears to have stalled this summer, according to the significantly weaker than expected jobs report. Employers added just 22,000 new jobs in August and revisions show the economy lost 13,000 jobs in June, the first net loss… Continue watching
Aug 29 Watch 5:50 What consumers can expect as de minimis exemption ends By Amna Nawaz, Ryan Connelly Holmes Americans are no longer able to import cheap foreign goods tariff-free. The Trump administration ended the de minimis exemption, which allowed packages valued under $800 to enter the U.S. with no import tax. Last year, there were nearly four million… Continue watching
Aug 22 Watch 7:00 Powell hints at long-awaited rate cut but admits Fed in ‘challenging situation’ By Amna Nawaz, Jackson Hudgins In a closely watched speech, Fed Chair Jerome Powell gave the strongest indication yet that the central bank will cut interest rates as soon as September. With inflation ticking up and the job market cooling down, Powell said the Fed… Continue watching
Aug 12 Watch 6:07 Tariff-driven inflation accelerating with ‘worst yet to come,’ AEI’s Michael Strain says By Amna Nawaz, Jackson Hudgins New inflation figures showed signs that President Trump’s tariffs are starting to have an impact on consumer prices. Overall inflation held steady, but core inflation, which is closely watched by the Fed and does not include volatile food and energy… Continue watching
Aug 07 Trump’s broad tariffs go into effect just as U.S. economic pain is surfacing By Josh Boak, Associated Press The higher import taxes are part of his strategy to reduce the U.S. trade deficit and encourage foreign investment in America. Continue reading
Aug 01 Watch 8:32 Tariffs will help improve ‘broken global economic situation,’ economist Oren Cass says By Geoff Bennett, Jackson Hudgins President Trump announced another list of new tariffs on more than 60 countries, an unprecedented economic move that seeks to remake the global trade system. The tariffs, which range in rates from 10 to 41 percent, will take effect next… Continue watching