Financial markets are still concerned about inflation. The Fed influences short-term interest rates, which are falling, but longer-term bonds like the 10-year Treasury are a better reflection of inflation expectations.
The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But it warned that the outlook is clouded by President-elect Donald Trump's promises to cut U.
Steven Miran, Trump’s head of the Council of Economic Advisers, wrote a paper defending tariffs and arguing that tariffs are borne by foreign producers and that the rise in the dollar reduces the cost to Americans.
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.
The yield on the 10-year Treasury has recently soared toward its highest level since 2023, injecting nervousness into the U.S. stock market that's knocked indexes from their records.
The top federal prosecutor for the Richmond region plans to step down, following in the footsteps of other United State attorneys who are leaving upon the inauguration of President-elect Donald
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much this year.