Wall Street remained resilient as investors focused on optimism surrounding Ukraine peace talks. President Donald Trump’s tariff plan also appeared less severe than anticipated. Inflation and its impact on the U.S. economy crept back into the conversation over the week but Wall Street remained resilient as investors focused on optimism surrounding Ukraine peace talks and…
When news broke Wednesday that inflation and food prices went up in January, President Donald Trump wasted no time taking personal responsibility and vowing to focus solely on making life better for all Americans. HAH! Just kidding. He posted “BIDEN INFLATION UP!” on social media and then presumably went back to planning the Trump-branded hotel…
Arizona’s economy is closely tied to international trade, particularly with Mexico and Canada. While tariffs could generate revenue for the U.S. government, they may also lead to inflation and economic slowdown. The long-term impact of tariffs on U.S. manufacturing remains uncertain. Tariffs and trade have dominated headlines in recent days, with President Trump slapping import…
After signing an executive order to raise tariffs on Canada, Mexico and China — three of America’s largest trading partners — President Donald Trump announced a one-month suspension of his new 25% tariff on Mexican imports. This decision came after Mexico President Claudia Sheinbaum Pardo agreed to deploy 10,000 National Guard troops to the U.S….
China’s exports to the United States surged in the last month of 2024 as traders rushed to beat new tariffs that President-elect Donald Trump has vowed to impose as soon as he takes office on Monday. China’s exports to the U.S. peaked in December at $48.8 billion, the highest monthly total of 2024, according to…
Despite stubbornly high inflation recently and a sturdy economy and job market, the Federal Reserve is expected to cut interest rates this week for the third straight meeting. What gives? Some economists say Fed officials could be making a blunder that risks reigniting inflation and undercutting their pledge to rely on the latest data when…
The Nasdaq and S&P 500 ended higher on Monday, boosted by tech-related shares after the market posted a strong November, with investors awaiting this week’s economic data including the key monthly jobs report on Friday. The Dow was down slightly on the day. Both the Dow and S&P 500 recorded their biggest monthly percentage gains in a year on Friday. The…
Federal Reserve Chair Jerome Powell on Monday said there’s “growing confidence” that inflation is moving toward the central bank’s 2% goal during a speech at the National Association for Business Economics conference in Nashville. Powell said that two further rate cuts are possible if the economy continues to perform as expected, though they are likely to…
On Wednesday, all signs point to the Fed ending the inflation fight it started 30 months ago. Back then, the unemployment rate was historically low, job growth was strong and companies had more openings to fill than people to fill them. Today, unemployment stands at its 10-year average, and there are fewer jobs to go…