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…
President Donald Trump has discussed implementing tariffs on Canada and Mexico. The move could involve 25% tariffs on goods from the two countries. In Binghamton, a community forum weighed the potential impact on local customers. President Donald Trump’s proposed tariffs on products from Canada, Mexico and China could begin as soon as Saturday. Ahead of…
Producing pennies cost taxpayers more than it’s worth, with each penny costing 3.7 cents to make in 2024. The rising cost of metals like zinc and copper contributed to the increased production cost. Other countries, such as Canada and Australia, have successfully eliminated their lowest denomination coins. The newly established Department of Government Efficiency (DOGE)…
President Donald Trump pledged to revoke the so-called electric vehicle mandate, and an executive order on day one of his second presidential term signals his intent to undo much of his predecessor’s legacy when it comes to electric vehicle promotion. But it’s unclear how sweeping the impact will be or whether it will ultimately kill…
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…
For many Americans overwhelmed by student loan debt, the first week of October was bad. On Monday of that week, a yearlong grace period ended for student loan borrowers struggling to make payments since the pandemic pause lifted a year ago. Two days later, a separate program, meant to help borrowers in default get back…
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…