-
Morgan Stanley Expects 3 Interest Rate Cuts This Year
Morgan Stanley said Friday it expects the U.S. Federal Reserve to cut interest rates in all three of its meetings this year, after data showed U.S. consumer prices increased by the most in seven months in August.
-
Fed's Fear Meter Hints at Stagnation, Not Stagflation
Federal Reserve officials, already expected to cut interest rates next week, may also be closer to settling a months-long debate over the risks of stagflation after recent data showed longstanding weakness in hiring and easing inflation concerns.
-
US August Deficit Falls to $345B as Tariff Revenues Rise
The U.S. budget deficit for August fell $35 billion or 9% from a year earlier to $345 billion as President Donald Trump's tariffs pushed net customs receipts up by about $22.5 billion for the month, the Treasury Department said Thursday.
-
Lutnick to Newsmax: Trump Economy About to Explode
President Donald Trump's economy is about to deliver explosive growth, despite jobs numbers in August coming in lower than expected, Commerce Secretary Howard Lutnick predicted in an extensive interview with Newsmax on Thursday.
-
Household Net Worth Rebounds to Record High in Q2
U.S. household wealth rose to a record $176.3 trillion in the second quarter on the back of a resurgent stock market and climbing property prices, data from the Federal Reserve showed Thursday.
-
Lutnick: US Will 'Sort Out' Trade With India
U.S. Commerce Secretary Howard Lutnick said Thursday he believes the United States will sort out a trade deal with India as soon as that country stops buying Russian oil.
-
Germany's Sycophantic Elite & the Coming Economic Crash
When it comes to the causes of Germany's collapse, there is an iron silence in both corporate boardrooms and political circles. They have made themselves comfortable in the green subsidy Valhalla. Meanwhile, the Chancellor shows satisfaction with his policies, clinging...
-
Inflation Rises to 2.9% as the Cost of Gas, Food Jumps
Inflation moved higher last month as the price of gas, groceries, hotel rooms and airfare rose, along with the cost of clothes and used cars.
-
Unemployment Claims Rise as Job Market Softens
The number of Americans filing new applications for jobless benefits increased sharply last week, consistent with a material softening in labor market conditions.
-
Economist Poll: September Fed Rate Cut a Done Deal
The Federal Reserve will cut its key interest rate by 25 basis points on September 17 as labor market softness overshadows inflation risks, said almost all 107 economists in a Reuters poll, with most expecting one further cut next quarter.
-
Broad US Price Increases Expected Due to Tariffs, Gas
U.S. consumer inflation likely picked up in August as the cost of gasoline rose and tariffs on imports raised some goods prices, but the pace of increase would probably not be strong enough to derail a much-anticipated interest rate cut from the Federal Reserve next...
-
What Happens to California When Federal EV Tax Credits End?
California is once again at the center of the nation's automotive and energy policy debate. With federal electric vehicle (EV) tax credits set to expire this September, the state is considering whether to create its own replacement program.
-
New Russia-China Pipeline Marginalizes Europe
Russia and China are moving closer together. With the new Power of Siberia 2 gas pipeline, the chapter of Russian supply dependence on Europe is temporarily ending, while Europeans continue to rely on sanctions.
-
Electric Mobility: More Hype Than Reality
Statistics are always tricky: politicians engage in cherry-picking when supposedly hard facts are meant to support their own decisions. The distortion becomes particularly grotesque when green favorite projects, like the electrification of mobility, collide with reality.
-
Fed Nominee Miran Approved by Senate Committee
Stephen Miran, a top White House economic adviser, cleared a U.S. Senate hurdle Wednesday that moves him closer to becoming a Federal Reserve governor, furthering President Donald Trump's effort to exert more direct control over interest rate policy and the central bank's...
-
Biden's $159 Million Electric Bus Gamble Fails - Districts Return to Diesel
The Biden administration promised a future where America's children would ride to school on clean, quiet, zero-emission electric buses.
-
Wholesale Inflation Unexpectedly Fell 0.1% in August
U.S. producer prices fell unexpectedly last month, dropping 0.1% from July.The Labor Department reported Wednesday that its producer price index - which captures inflation in the supply chain before it hits consumers - showed that wholesale inflation decelerated in August...
-
30-Year Mortgage Rate Slides to 11-Month Low
The interest rate on the most popular U.S. home loan dropped by the most in six months last week after a weak employment report drove benchmark Treasury bond yields down in anticipation of a Federal Reserve rate cut at its meeting next week.
-
Trump Weighs Restrictions on Chinese Medicines
The Trump administration is considering sweeping restrictions on medicines originating from China, a move that could dramatically reshape the U.S. pharmaceutical industry and patient access to treatments.
-
Jamie Dimon: Full Tariff Impact Has Yet to Kick In
JPMorgan Chase CEO Jamie Dimon is cautious about the U.S. economic outlook, believing that the full effects of tariffs and other geopolitical headwinds have yet to fully unfold.
-
S&P 500 Notches Record High on Fed Rate Cut Bets
The S&P 500 notched a record high close Tuesday, while UnitedHealth rallied and a downward payrolls revision supported expectations the Federal Reserve will soon cut interest rates to shore up economic growth.
-
Poll: Mamdani Holds Big Lead in NYC Mayoral Race
Zohran Mamdani continues to lead his rivals in the race for New York City mayor, according to a New York Times/Siena University poll. Mamdani, the Democrat nominee, leads with 46%, while former Gov. Andrew Cuomo...
-
White House: New Stats Reveal 'Broken' Labor Bureau
The Bureau of Labor Statistics on Tuesday released figures showing it was off target by more than 900,000 jobs in its reporting from March 2024 to March 2025.
-
Peter Morici to Newsmax: Businesses Need Certainty to Soar
?President Donald Trump has to finalize all the tariff deals with various countries so that the international trade system gains stability and provides the framework for an economic upturn, economist Peter Morici told Newsmax on Tuesday.
-
US Poverty Rate Unchanged at 12.9% in 2024
The main gauge of the U.S. poverty rate did not change significantly in 2024 at 12.9%, the U.S. Census Bureau said Tuesday, and the so-called official poverty rate was 10.6%.