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…
The tariffs that President Donald Trump said he’ll impose Saturday on imports from Canada, Mexico and China would reignite inflation and deal a significant blow to an economy that has been chugging along, economists said. The Federal Reserve’s preferred annual inflation measure, which was at 2.8% in December, would rise to 3% by the end…
WASHINGTON – President Donald Trump says he’s looking at slapping an additional 10% tariff on China, as he upped the ante on the U.S. competitor and pushed Beijing to crack down on the production and distribution of fentanyl. On his first full day in office, Trump said he was also eying Feb. 1 for the…
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…
WASHINGTON − President-elect Donald Trump threatened the BRIC group of emerging-market nations on Saturday, warning that he would impose 100% tariffs if they make any moves to undermine the U.S. dollar. Trump’s comment, made on his Truth Social platform, is in apparent response to efforts to challenge or replace the U.S. dollar as the primary…
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…
With less than six weeks until the general election, former President Donald Trump holds an edge over Vice President Kamala Harris in the key battleground state of Arizona, according to an exclusive new USA TODAY/Suffolk University poll. Trump leads Harris by 6 points, 48% to 42%, the statewide poll of 500 likely voters found. The…