Articles tagged: Inflation

Trump tariffs likely to raise inflation and slow US economic growth - Fed chief

Federal Reserve chairman Jerome Powell said the impact on the economy and inflation are ‘significantly larger than expected’.

Will the tariffs lead to a recession? What to know.

Trump's sharp tariff hikes last week have heightened many economists' worries that the US could tip into recession.

Jump in US inflation expectations leaves Federal Reserve with a dilemma

With households, businesses, and global investors adjusting fast to the implications of President Donald Trump's aggressive import tariff policies, Fed policymakers said the outlook has grown increasingly difficult to predic

Bank of Canada may halt interest rate cuts after tariff pause

The Bank of Canada is likely to pause its rate-cutting cycle this week as rising inflation, weakened employment and U.S. President Donald Trump’s retreat from sweeping reciprocal tariffs have reduced the urgency of economic stimulus.

Gold hits $3,500 per ounce as investors flock to safety amid Trump uncertainty

US president Donald Trump's attacks on the Federal Reserve and trade war fears have boosted demand for the safe-haven asset

Could Trump be leading the world into recession?

It's not being projected right now, but the chances of a global recession have risen sharply from 17% to 30%

Trump's Rally Sparks Economic Debate Amidst Inflation Concerns

Former President Donald Trump hosted a rally in Michigan, touting economic achievements and criticizing Democrats. Attendees largely supported his economic policies despite concerns over inflation and tariffs. Democrats countered with criticism of Trump's presidency, citing chaotic governance, while protesters expressed dissent outside the event.

Why many assume interest rates will fall further - but no one really has a clue

The UK central bank thinks Trump tariffs will be much less damaging than many assumed, with the impact not enough to push the UK into recession. But today's forecasts underline it's becoming fiendishly difficult to predict the future.

Moody's Shakes Markets with US Credit Downgrade

Moody's has downgraded the U.S. sovereign credit rating, citing concerns over the nation's soaring $36 trillion debt. This unexpected move could affect President Trump's tax cut plans and global markets. The agency pointed to unaddressed fiscal deficits and rising interest payments as contributing factors, sparking widespread criticism.

U.S. Bond Yields Spike Amid Fiscal Concerns and Trump's Tax Bill Impact

U.S. bond yields hit a 19-month high, driven by fiscal concerns and President Trump's tax bill. The bond market saw soft demand, with 20-year bond sales sparking fears over U.S. debt. Stock markets experienced mixed results, and the U.S. dollar gained amidst global economic uncertainty.

State's leaders are the cause of our high cost of living

Also: Radio station | Tax bill | Ludicrous behavior | Trump supporters | Racial classifications. East Bay Times reader letters to the editor for June 1, 2025.

JD Vance says the Fed is committing 'monetary malpractice,' joining Trump in bashing the central bank

The Vice President said the Fed refusing to cut interest rates was "monetary malpractice," echoing sentiment voiced by Trump in recent months.

Inflation ticked up less than expected in May, considering fear around Trump's tariffs

Consumer prices rose 2.4% over the year in May, slightly higher than the previous month but below economists' expectations.

Trump's tariffs and tax bill look like a 'Greek tragedy' that could tank the economy and stocks, former IMF official warns

Former IMF official Desmond Lachman highlights risks from Trump tariffs and tax cuts, warning of potential inflation, higher bond yields, and recession.

The Fed is meeting. Don't expect an interest rate cut

While inflation has cooled in recent months, it remains above the Fed’s 2% target and has remained persistently elevated for years

Canadians snapped up U.S. debt in April despite Trump’s tariffs, but the bond selloff tanked its value

Canadian investors purchased $9.2 billion of U.S. government bonds in April, but the value of their total Treasury holdings fell by $58 billion.

U.S. Treasurys may be losing their safe-haven status — and these bonds could take their place

After Israel attacked Iran on June 13, U.S. Treasury yields rose while other countries’ bond yields declined.

Gold prices should hit $4,000 as U.S. deficits may overshadow the Israel-Iran conflict, BofA says

"While the war between Israel and Iran can always escalate, conflicts are not usually a sustained bullish price driver."

Mortgage Rate Predictions: How Tariffs, War and the Fed Are Impacting Rates

Inflation, high interest rates and market uncertainty are impacting housing affordability this summer.

Why is the dollar off to a weak start this year?

The U.S. dollar had its worst start this year in more than half a century. Harvard University economics professor Kenneth Rogoff says President Trump is accelerating the decline.

Atlanta Fed's Bostic warns tariff impacts could cause prolonged inflation

Atlanta Federal Reserve President Raphael Bostic warned that effects of President Donald Trump's tariffs could cause prolonged inflation rather than a one...

Six months into the Trump presidency, here’s the good, the bad, and the ugly about the economy

The latest jobs report shows a steady economy—tame inflation and record-high stock markets. But will the passage of Trump’s so-called “One Big Beautiful Bill...

Jamie Dimon says markets are 'complacent' about the chance of surging US interest rates

Jamie Dimon warned that markets are underestimating inflation and the risk of more Fed rate hikes amid global trade tensions.

Janet Yellen on the Danger of a “Banana Republic” Economy

On The New Yorker Radio Hour, the former Treasury Secretary and chair of the Federal Reserve discusses the budget bill, the exploding deficit, and why Donald Trump is so desperate for lower interest rates.

2 former Fed economists say Chair Jerome Powell is facing an epic conundrum

It hasn't been an easy start to 2025 for Jerome Powell. Unfortunately for the Fed chair, the second half of the year is likely to be even tougher.

Markets can’t be bullied, and the US could face a financial crisis ahead of next year’s midterm elections, former IMF official says

"The days of the world letting America live beyond its means are rapidly coming to an end."

Inflation surged more than expected in June

Inflation is speeding up after a period of cooling down earlier this year.

Ignore ‘Sell America’ call, says JPMorgan investment strategy boss—neither tariffs nor national debt are enough to clip the wings of U.S. dominance

EXCLUSIVE: JPMorgan’s Jacob Manoukian tells Fortune he remains confident in the U.S. economy’s long-term dominance, dismissing “sell America” calls as short-...

Inflation report to arrive as Trump, Fed disagree over tariff risks

Inflation has cooled this year, defying the fears of many economists.

A Recession Could Be Hiding in Plain Sight. Here’s the Best Advice to Prepare

Economic crises, like a recession, are unpredictable by nature. Staying prepared is the best way to protect your finances.

Republicans say price report is a boon; Democrats say bust. Who’s right?

Republicans highlight the positives, Democrats the negatives in latest US CPI report; experts say the data is mixed.

US consumers back in focus as retailers get earnings ready

Wall Street anticipates key earnings reports from major retailers like Walmart and Target to gauge consumer health amidst Trump's tariffs, weak job growth, and inflation. While retailers have largely protected margins, the full tariff impact looms, potentiall…

Fed Expected To Cut Interest Rates, Though Inflation May Be Picking Up

The Federal Reserve is expected to cut interest rates in September, but there are signs inflation might be starting to pick up setting up a challenge for policymakers.

Rising Food Prices Are Likely to Continue, Thanks to Trump’s Trade Wars

Wholesale prices on fresh and dry vegetables rose nearly 40 percent, and soon consumers will feel the pinch

'The risk that's on our doorstep': July inflation data has economists on edge

I’m an Economist: Here’s When Tariff Price Hikes Will Start Hitting Your Wallet

An economist explained why U.S. prices haven’t surged yet -- and when tariffs will start raising costs for consumers in America.

Is the IRS giving stimulus checks in 2025? How to track my stimulus check status update

Are we getting a stimulus check 2025? Here's status update on Trump's $600 rebate stimulus checks, how to track IRS refund by social security number

It's the Economy, Donald

As US labor and inflation data seemingly worsen, the White House refrain is “no panicans”—in other words, no room for panic. That isn't keeping everyone in Trumpworld from getting the jitters.

With Fed under pressure, Jerome Powell prepares for a high-stakes speech

The Fed chair will speak Friday at an annual economic symposium in Jackson Hole, Wyo. The speech comes as the central bank is under mounting pressure from the White House to lower interest rates.

Walmart scoops customers from rivals but warns inventory cost is rising

Second-quarter results showed that the retailer has continued to benefit from price sensitivity among US consumers.

Fed's Powell hints at possible September rate cut in his biggest speech of the year

In his keynote Jackson Hole address, Fed Chair Jerome Powell spoke about the job market, inflation, and the central bank's future outlook.

Fed Chair Powell to give major speech as Trump urges interest rate cuts

Eight months have elapsed since the Fed last adjusted interest rates.

US Fed Reserve Chair Powell opens door to September rate cut

Powell's remarks offered little guidance about how soon or how quickly rates might continue to move lower.

Powell Tap Dances on Interest Rate Outlook as Stagflation Starts to Kick In

Powell threw Mr. Market and Trump a bone by hinting the Fed might cut rates in Sept. But the Fed lacks good options with stagflation looming

Powell’s next independence challenge: How to do what Trump has been asking for while preserving credibility

Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House’s demands. For months, Powell has largely ignored President…

The Fed Just Shifted On Inflation: What It Means For Your Portfolio

Fed shifts inflation policy and what it means for investors. Discover what it really means and why stocks remain the best hedge and wealth builder long term.

If The Trump Economy Is “Booming,” Then It Doesn’t Need The Fed

Mysticism about the Fed's ability to grow the economy is rooted in a myth that won't die about the Fed causing the Great Depression.

Crypto in Late 2025 and Beyond: What Powell’s Speech Signals for Rates, Inflation and Assets

Powell’s Jackson Hole speech showed how the Fed is weighing inflation against jobs. That balance could shape policy in the fourth quarter of 2025 and beyond.

Crosscurrents

One of the challenges that comes from analyzing markets and the economy is just how much “gray” there is. Most data points exist along a noisy continuum, subject to future revisions. The meanderings above or below the trend may be just noise, or the start of …

Consumer confidence worsened slightly in August

The fresh reading followed a weak jobs report and sweeping new tariffs.

The Stock Market Is Selling the Fed's Independence Because ZIRP Broke the World

Splinter is your home for news and opinions that challenge power in our political and economic system that's becoming more unhinged each and every day.

10 Thursday AM Reads

My morning train WFH reads: • How America’s 1% came to dominate stock ownership: Market’s tenfold gain since 1990 mostly has gone to the richest part of the population. (Financial Post) • • The Lisa Cook Case Could Be the Whole Ball Game: If the Supreme Court…

MiB: Mark Zandi, chief economist of Moody’s Analytics

This week, I speak with Mark Zandi, chief economist of Moody’s Analytics, a subsidiary of Moody’s Corp. Dr. Zandi is a cofounder of Economy.com, which Moody’s purchased in 2005. He currently hosts the “Inside Economics” podcast. We discusse the state of the U…

Donald Trump Has A Secret Weapon In His War On The Fed

Donald Trump has been ramping up his war of words against the Federal Reserve this year, attacking Fed chair Jerome Powell as economists warn of a looming dollar disaster...

The Fed Will Cut Interest Rates In September? Don’t Be So Sure

Jay Powell hinted that the Fed would cut interest rates in September, and financial markets say 86% probability. But the 1 in 7 chance of no change merits consideration.

People Still Spending on Tech Despite Red Flags in July Report

But there were other signals that economists watch closely, because they mean households may be dipping into savings to sustain purchases.

Current Policy Is Destabilizing A Stable U.S. Economy

Collectively, six diagnostic Minsky indicators suggest that in 2025 the U.S. economy has become more fragile, and more vulnerable to a financial crisis.

Will Tariffs Cause Inflation? Here’s What The Past 225 Years Says

Will Trump's tariffs cause inflation? Here, we will examine the causes of inflation in the U.S. from 1800 to 2024. The answer may surprise you.

Ray Dalio says America’s ‘debt-induced heart attack’ will happen under Trump 2.0—and no one’s brave enough to stop it

"I think that what is happening now politically and socially is analogous to what happened around the world in the 1930-40 period," he said.

Transcript: Mark Zandi, chief economist of Moody’s Analytics

The transcript from this week’s, MiB: Mark Zandi, chief economist of Moody’s Analytics, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube, and Bloomberg. All of our earlier podcasts …

Why Fed cuts won't save you

You can catch Trader Talk on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Can the Fed’s small rate cuts rescue Main Street, or will...

Why is the price of gold hitting record highs?

The price of gold has soared as investors seek out safe havens amid heightened economic uncertainty.

Job growth badly missed expectations in August, and unemployment ticked up

The US added far fewer jobs in August than the expected gain of 75,000, while unemployment increased to 4.3%.

US economy added just 22,000 jobs in August, unemployment highest in 4 yrs

The US job market is stalling out.

Jobs slowdown seals Fed rate cut as White House criticizes Powell for not acting sooner

A weak jobs report released Friday likely sealed an interest rate cut at the Federal Reserve's next policy meeting this month, as the Trump administration...

Fact check: Have US workers gained $500 in wages this year?

US President Donald Trump says they have, but this is only half true.

Job Market Is Not Trump’s Favorite Place Right Now

August’s report is much worse and pointing to more.

The Unemployment Rate Remains Desirable, Not A Concern

The unemployment warnings are linked to lower interest rates

The Fed As A Source Of Economic Growth Is A Monstrous Delusion

Government intervention or central planning that never works during the good times hardly takes on growth-oriented virtue during the supposedly bad.

Trump's calls to dismiss Fed governors undermine independence, Citadel CEO writes in WSJ op-ed

A potential loss of investor confidence in the central bank's ability to tackle inflation without political interference could have steep costs for the...

New jobs revision report expected to show lower growth

On Tuesday, Sept 9, the Bureau of Labor Statistics will release its preliminary benchmark revision for the year through March. Last year's revision showed a ...

Why a near-fistfight at a MAGA nightspot spells danger for the global economy

It gives new meaning to the term economic meltdown.

US economy added 911,000 fewer jobs than previously reported

The revision, a routine step, comes weeks after Trump fired BLS commissioner.

Job growth revised down by 911,000...

Job growth revised down by 911,000... (First column, 1st story, link) Related stories:Economy shakier than realized... Consumers hit with shock tariff bills... GALLUP: SUPPORT FOR CAPITALISM AT NEW LOW...

The New BLS Job Numbers Are Out and They’re Absolutely Abysmal

Nearly a million fewer jobs were created between April 2024 and March 2025 than previously reported, according to the Bureau of Labor Statistics.The new data, published Tuesday morning, speaks to a weak job market during both former President Joe Biden and Pr…

Dollar steady as inflation data and central banks take focus

SINGAPORE (Reuters) -The dollar stabilised in early Asian trading hours on Thursday after an unexpected drop in U.S. factory-gate prices bolstered...

US Fed expected to cut rates amid cooling labour market, surging inflation

Weakening labour market and higher inflation has put Fed in a 'difficult' position even as economists expect a rate cut.

Why is it so hard to stop Donald Trump?

More than ever, we need to understand the reasons for his political survival

What To Look From The Fed’s September Meeting

The Fed is expected to cut rates on September 17 in light of recent soft labor market data, and should provide clues for future monetary policy decisions.

US Labor Department statistical agency hiring part-time economists for the CPI report

WASHINGTON (Reuters) -The Labor Department's Bureau of Labor Statistics, under fire for recent sharp downward revisions to U.S. nonfarm payrolls and...

10 Monday AM Reads

My back-to-work morning train WFH reads: • BlackRock Says Fiscal Angst in Global Bond Markets Is Overblown: Bond markets are seeking a new equilibrium after years of ultra low yields, and investors expect countries like France to ultimately sort out its budge…

The Fed is likely to cut rates for the first time this year. Here's what that means for credit cards and housing costs.

Economists expect the Fed to make the first rate cut of the year this week. Here's what that means for savings, mortgages, and more.

Facing Trump's pressure, the Fed is likely to cut rates for the first time this year

The Fed is likely to lower interest rates by a quarter percentage point Wednesday in an effort to cushion the sagging job market. The move comes as policymakers face growing pressure from Trump.

The Fed's dot plot shows one member wants to cut rates like crazy by the end of the year

The Fed's projections show the median member expected another half percentage point of cuts in 2025. One member called for something more ambitious.

US Federal Reserve cuts interest rates for the first time since December

The central bank’s widely expected 0.25% cut comes amid a cooling labour market, which has stalled economic growth.

Trump’s Getting His Economy. Yikes.

Incoherent tariffs, foreign companies watching their workers arrested—interest rate cuts can’t heal this.

The Dollar: Ripples Presaging a Financial Tsunami

A detailed analysis of the poor prospects for dollar hegemony and the forces that could trigger a sharp unwind.

The Fed’s Rate Cut Was Expected. Here’s What Not To Expect: Real Help

The announcement of a quarter percent rate cut, and the indication of likely future cuts, is something a lot of people were waiting for. But what will ultimately come?

Fed Chair Powell says rising inflation and slow hiring pose 'challenging situation'

The remarks came less than a week after the Fed cut interest rates.

Some Clues That a Recession Is Coming

Cardboard-box demand can be a legitimate indicator. Hemline length? Not so much.

Links 9/27/2025

Our fine daily links: harlequin toad, screen dangers, ocean acidification, China v. Mexican tariffs, Netanyahu dissed, UK bond sale wobbles, Russia-EU plane spat, German child poverty, Comey indictment, US private debt worries, AI workslop, unaffordable house…

What To Expect From The Fed For The Remainder Of 2025

With two scheduled meetings remaining, the FOMC is likely to cut again.

No Such Thing As Dollar ‘Supply’ And ‘Demand,’ There’s Just Production

Money is a measure. Nothing else.

I'm Very Curious About How MAGA Will Try To Explain Away This Look At How Donald Trump's Economy Is Going...

I'm keeping track of Trump's economy right here. Every month. Enjoy!View Entire Post ›

The Price of Tomorrow

The current discount rate means that the government views the long-term future of humanity as not metaphorically but literally worthless.

US Economy Is Already on the Edge – A Prolonged Government Shutdown Could Send It Tumbling Over

Why a protracted US shutdown could seriously damage an already faltering economy.

Fed Expected To Cut Interest Rates Again In October

Another interest rate cut is likely at the Fed's next scheduled meeting in September due, in part, to potential labor market risks.

Trump says the US has secured $17 trillion in new investments. The real number is likely much less

The White House website lists total investments at $8.8 trillion, though that figure appears to be padded with some investment commitments made during Joe...

America’s economy is on a ‘sugar high’ warns Ken Griffin, and investors retreating to gold is one sign of a comedown

Ken Griffin said investors want to make the most of the rally in American equities but are hedging their spoils out of U.S. sovereign risk.

Why gold’s historic rally is about more than just Trump

The price of gold has soared 50 percent in 2025. Experts say the 'safe haven' asset is becoming an all-occasions asset.

Consumer sentiment sours as government shutdown threatens economic damage

The fresh data marked three consecutive months of worsening shopper attitudes.

To Purchase Gold Is To Hide Precious Knowledge In A Coffee Can

Wealth idled, to our near and long-term detriment.

As gold prices surge, some popular Canadian jewelry brands are increasing their prices

Some Canadian jewelry brands are raising their prices as a surge in demand for gold — incited by investors' fears of a shaky economic outlook — pushes the market for this precious metal to record highs.

Inflation climbs to highest level since January

A recent uptick in prices has coincided with a sharp slowdown of hiring.

US consumer prices rise less than expected before Fed decision

The biggest increases came from the surging price of petrol, according to the report.

MTG admits prices under Trump ‘have not come down at all,’ says young Americans have ‘no hope’ of buying homes

MTG admits prices under Trump ‘have not come down at all,’ says young Americans have ‘no hope’ of buying homes More than nine months into his second term, President Donald Trump is struggling to deliver on a key campaign promise: making life more affordable. …

Look out, Donald: Inflation and economic fears are coming for you

Trump and the GOP haven't learned from Biden's misread of economic perceptions

Trump's popularity dips as Americans sweat cost of living, Reuters/Ipsos poll finds

By Jason Lange WASHINGTON (Reuters) -Donald Trump's presidential approval rating fell in recent days, tying the lowest level of his term, as more Americans...

The Fed announces its second rate cut of the year during the government shutdown

The Fed announced a quarter-percent cut Wednesday, even as the government shutdown disrupts major data releases like the jobs and inflation.

US Federal Reserve cuts interest rates as labour market weakens

The US central bank cut rates by a quarter of a percentage point, its second cut for the year.

Bessent Says Some ‘Sectors’ Of Economy Are In Recession

Bessent blamed the Federal Reserve for not cutting interest rates fast enough.

‘This Is Crazy’—Elon Musk Issues Serious $38 Trillion U.S. ‘Bankruptcy’ Warning, Predicted To Blow Up The Bitcoin Price

Elon Musk has warned it’s not possible to solve the U.S. debt crisis without growing the economy at a fantastic pace—something that bitcoin supporters think will blow up the bitcoin price...

A Different Way Of Looking At The Rally In The Price Of Gold

There’s inflation as measured by the BLS (CPI), and there’s inflation as measured in gold.

Majority of Americans say tariffs hurt their family's financial situation: Poll

About 7 in 10 Americans are spending more on groceries compared to last year.

Transcript: Jon Hilsenrath, Serpa Pinto Advisory

The transcript from this week’s, MiB: Jon Hilsenrath, Serpa Pinto Advisory on the Fed, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube, and Bloomberg. All of our earlier podcasts o…

Yes, Trump's tariffs are raising billions -- but at a steep economic cost

Trump's tariffs are raising tens of billions of dollars for the federal government. They're also costing consumers, frustrating businesses and hurting the factories they're supposed to help.

Trump may become the face of economic discontent, a year after such worries helped him win big

President Donald Trump got a serious warning from voters that he’s out of touch with their fears about a deteriorating U.S. economy. Democrats were able to ...

From gas to groceries, has Trump kept his promise to tackle rising prices?

President Trump promised to bring down inflation. One year on from his victory, BBC Verify revisits some of his claims.

Main Street market moves: Here's what retail investors have done during a wild week for stocks

They haven't been buying dips, and they're cooling on gold and bitcoin.

Trump Will Not Release New Employment Report

The blackout continues on the US jobs report for the second straight month as the US Labor Department will not publish its very important employment data. Reuters is reporting: The U.S. Labor Department on Friday will not publish its closely watched employme…

Trump promised ‘virtually no inflation,’ but shoppers know the opposite is true. Shock-proof your holiday budget now

Forecasts point to high holiday spending this year — mostly because everything is so expensive.

As Jimmy Carter Rises In Right’s Esteem, Let’s Remember Why He Lost

No amount of good economic policy can overcome a weak dollar.

10 Monday AM Reads

My back-to-work morning train WFH reads: • The Dow Is Close to 50,000. How the Heck Did We Get Here So Fast? It took a 103-year slog through market crashes, depression, and crippling inflation to reach that “once-unthinkable milestone,” as The Wall Street Jou…

Trump downplays economic woes as partisan spin, saying, 'Costs are way down'

President Donald Trump continued to insist the economy is strong and even insisted polls showing Americans are feeling economic pain are "fake."

America’s Last Penny Is Being Minted Today

The rapid-fire process of killing the penny is already causing some disruption.

The US penny is officially dead

The government minted the final one-cent coin in Philadelphia, though billions remain in circulation.

The penny is no more. Good riddance.

The White House DOGE was right: the penny has been a drain on the economy and should have been phased out long ago.

US Ends Penny-Making Run After More Than 230 Years

The US is set to make its final penny. The Philadelphia Mint will strike its last batch of one-cent coins on Thursday, after more than 230 years of production. From a report: The coins will remain in circulation but the phase-out has already prompted business…

Freaked-Out Trump Aides Trying to Stop Him Pushing His Favorite Delusion

Panicked advisers to Donald Trump are reportedly urging the president to stop dismissing Americans’ financial anxieties and insisting there is no cost-of...

Guggenheim CIO: The Fed will cut in December and again in 2026 as economy turns 'sluggish'

Anne Walsh, CIO of a $357 billion investment manager, said at Yahoo Finance Invest that rates are likely to go lower from here.

Americans really want their cheap stuff back

The White House told America to 'suck it up' on high prices. After Mamdani's win, where affordability was a key issue, Trump is scrambling to reverse.

Growing number struggle to pay bills as Trump faces cost of living pressure

America’s path out of $38 trillion national debt crisis likely involves pushing up inflation and ‘eroding Fed independence,’ says JPMorgan Private Bank

The government could "tolerate stronger growth and higher inflation, allowing real interest rates to fall and the debt burden to shrink over time," JPMB says...

Gold prices waver as bets on a Fed rate cut in December falter

Markets now give a 44% chance of a 25-basis-point rate cut in December.

Hiltzik: The Trump administration's math on economic policy doesn't add up

On inflation, healthcare, mortgages and much more, the Trump administration offers bogus math.

US economy adds 119,000 jobs in September as unemployment rate rises

The unemployment rate rose to 4.4 percent as the labour market cools.

US government to nix October inflation report after history-making shutdown

The Bureau of Labor Statistics has explained it was 'unable to retroactively collect' the data on consumer prices.

‘The Main Course Is Inflation’: Thanksgiving Costs Surge Under Trump

A much needed, detailed debunking of Trump's claim that Thanksgiving meal costs, and by implicaiton inflation, are declining.

If Governments Are Printing Money, Then They’re Not Spending It

Markets anticipate, which helps explain why so-called “money printing” occurs after the inflation.

Poll: By a 2-to-1 margin, Americans say Trump has done more to raise prices than lower them

A new Yahoo/YouGov survey finds that a greater number of U.S. adults now blame Trump for inflation than blamed Joe Biden in 2022.

Will 2026 Bring Financial Crisis?

From US President Donald Trump’s weaponization of trade to the erosion of US Treasuries’ status as safe-haven assets and breakneck investment in AI, the last year has shaken the foundations of the postwar global economy. As 2025 comes to an end, we asked PS c…

Trump Vowed to ‘End Inflation’ — His Voters Are Growing Impatient

Stock market today: Dow, S&P 500, Nasdaq rise as weak ADP jobs data reinforces growing Fed rate cut bets

Doubts over AI demand put pressure on tech and a surprise fall in private-sector employment revealed cracks in the job market.

Stock market today: Dow, S&P 500, Nasdaq rise as surprise ADP jobs decline reinforces Fed rate cut bets

Doubts over AI demand put pressure on tech and a surprise fall in private-sector employment revealed cracks in the job market.

Trump is threatening to get rid of one of the biggest reasons prices have remained in check

Trump Campaigned on Affordability. Now He’s Calling the Idea a ‘Con Job.’

His messaging on the cost of living contradicts itself.

President Rages After FOX Guest Skewers Him Over Rising Prices...

President Rages After FOX Guest Skewers Him Over Rising Prices... (Top headline, 3rd story, link) Related stories:Trump struggles to persuade Americans to ignore affordability issues... 'People aren't dumb'...

Trump Melts Down as Even Fox Highlights Affordability Crisis

As the Republican Party flails on the cost-of-living crisis, President Donald Trump kicked off his Saturday morning with an attack on his beloved Fox & Friends for prodding that sensitive subject.The show on Saturday hosted Peter Schiff, a stockbroker and fin…

US sheds 32K jobs as the White House claims ‘explosive growth’ backed by a GDP surge. But is Trump actually winning?

GDP is only part of the path to the "restoration of American Greatness."

Powell on track for Fed rate cut despite some dissent

The Fed delivered a second straight reduction in October driven by the summer’s sudden deterioration in the US labor market. The latest inflation number now...

Bank of America says this corner of the market is the best 'run-it-hot' trade for investors in 2026

Bank of America thinks commodities are the top "run-it-hot" investment for 2026, thanks to factors like Trump's economic policies & higher inflation.

Trump Is Repeating One of Biden’s Big Mistakes

Downplaying voters’ economic pain will backfire.

Ray Dalio warns that America is on track for a ‘debt death spiral.’ Are your assets safe?

Plus, how to hedge against history.

'I'M FIXING IT!': Trump Is Losing His Sh*t Over Affordability Crisis

Donald J. Trump kicked off his morning on Truth Social to whine about a guest on Fox and Friends who dared to criticize the economy under this president. But as Fox News's Jesse Watters said yesterday, "For better or for worse, it's going to be the Trump econ…

Trump moves to address Americans' affordability concerns even as he calls those worries a 'con job'

President Trump is hitting the road this week to address Americans' affordability concerns head-on. But it's a trip that comes as his rhetoric and actions...

Gold back above $4,200 as Fed cut bets rise

The weak dollar supported demand for bullion, as it makes gold cheaper for overseas buyers.

What to expect from the last Fed meeting of 2025 — and what a rate cut could mean for your wallet

Jerome Powell will soon announce the next Fed decision on a potential interest rate cut. The Fed is missing key economic data on jobs and inflation.

Fed leaning toward hawkish rate cut. What's to come in 2026?

The Federal Reserve's December FOMC meeting will conclude on Wednesday, December 10, with US central bank officials voting on their last interest rate...

4 key takeaways from Powell as the Fed cuts interest rates

The Fed cut interest rates for the third time this year on Wednesday. From inflation to the job market to stocks, here are the biggest takeaways.

Trump supporters say prices too high, but president has cure

Donald Trump may have dismissed US cost of living issues as a "hoax," but his most loyal supporters are feeling the pinch -- even if they still back the...

‘Be careful what you wish for’: Top economist warns any additional interest rate cuts after today would signal the economy is slipping into danger

Jerome Powell’s Federal Reserve will likely deliver its final cut of the year on Wednesday. But Claudia Sahm is already looking ahead.

Powell's Fed Just Cut Rates Again -- But the Real Shock Is What Happens Next

A split central bank leaves Wall Street watching every word as inflation and missing data collide.

Trump said affordability is a ‘hoax’ in his Pennsylvania speech. What do the latest numbers show?

Here's how expensive it really is in America right now, in 10 charts.

Whose Inflation Is This?

Perhaps the most overlooked element in the “affordability hoax” is the president’s own role in it. Before we get into the details, a few preliminary caveats. First, as COVID-19 ran wild, lockdowns were beginning, and a vaccine was still off in the future, the…

Why America gave up on economists

The US’s two major parties can agree on one thing: They don’t have much use for economists anymore. President Joe Biden ignored economists’ warnings about the risks of inflation. President Donald Trump dismissed economists’ arguments against his tariffs. And …

Pinched by higher prices, many Trump voters say: Don't blame the president

By Julia Harte Dec 13 - When Ron Dailey goes out to eat, he is shocked by prices on the menu.

I Asked ChatGPT How To Spend the Trump $2K Dividend in 2026 — Here’s What It Said

President Donald Trump’s proposed $2,000 tariff dividend would provide welcome relief to millions of Americans in 2026, although experts are mixed on the likelihood of that happening, and the wisdom of it — because a cash injection could fuel further inflatio…

Jessica Tarlov Takes Charlie Hurt To Task For Lying About Inflation Rate Trump Inherited

These liars on Fox just repeat this stuff ad nauseam. It's about time one of them was finally corrected. During a discussion on this Friday's The Five about James Carville's ridiculous rant saying that Trump is "done," and calling him a "loser," as though hi…

Billionaire Trump, 79, Reveals Unhinged White House Priority as Prices Surge

Donald Trump has revealed the White House’s domestic priority, and it’s not bringing down costs or addressing the looming healthcare crisis. Speaking at a...

US economy flashes warning signs in new data, some analysts say

The unemployment rate remains low but rose to its highest level since 2021.

WATCH: Newport Beach Christmas Boat Parade kicks off with dazzling lights and decorations

The parade celebrated its 117th anniversary, according to the event.

WATCH: Christmas and New Year's holiday travel period expected to be busiest on record

This Christmas and New Year's holiday period is expected to be the busiest on record, with more than 122 million people expected to travel between Dec. 20 and Jan. 1, according to AAA.

Gold, silver continue march to record highs

Gold prices have crossed the $4,500 an-ounce mark for the first time. Silver and platinum have also reached record highs. This surge is fueled by investor demand for safe assets and anticipation of more U.S. interest rate reductions next year. The U.S. dollar…

Bank of America CEO says "the market will punish people if we don't have an independent Fed"

Bank of America CEO Brian Moynihan talks prices, affordability, inflation predictions for 2026, the "shock" from the business community when President Trump ...

Fed minutes show it could be 'some time' before another rate cut

The minutes from the December FOMC meeting showed officials were split over a rate cut. As far as future cuts, the minutes state "With respect to the extent ...

Investors react as Trump-Fed feud escalates

SINGAPORE, Jan 12 () - Tension between the White House and the U. central bank sharply escalated over the weekend, with U.

Inflation held firm in December, testing Fed amid DOJ probe into Powell

Inflation held steady in December, continuing to prove stubborn just days after reports of a Department of Justice probe into Federal Reserve Chair Jerome Powell.

Gold slips as upbeat US data boosts dollar, dims rate-cut bets

By Ishaan Arora Jan 16 (Reuters) - Gold extended its losses on Friday after stronger-than-expected U.S. economic data dampened expectations of the U.S.

Gold falls over 1% as profit‑taking, easing geopolitical risks weigh

Gold prices dropped on Friday after reaching record highs. Investors took profits as geopolitical tensions eased, reducing gold's safe-haven appeal. Despite the dip, gold is set for its second consecutive weekly gain. Silver also saw a decline after hitting a…

7 charts show how the economy looked in Donald Trump's first year of his second presidency

President Donald Trump wrapped up his first year in his second term. Here's how inflation, the job market, tariffs, and spending have evolved.

Gold price nears $5,000 as geopolitical worries linger

Gold prices rose on Friday, advancing closer to the $5,000 mark, as geopolitical concerns remained in focus.

Gold and Silver Signal the End of American Financial Dominance

“Gold heads for best week since 2008” is not exactly a headline that makes you feel all warm and fuzzy inside, but such is the present state of the American economy.

10 Friday AM Reads

My end-of-week morning train WFH reads: • Five Reasons Gold Is Surging Toward $5,000 an Ounce: Buying the precious metal has become the antidote for market jitters (Wall Street Journal) • Rich Americans Had a Good 2025. Everyone Else Fell Behind: The top 1% o…

Gold prices cross $5,100 for the first time amid geopolitical uncertainties

Spot gold price touches an all-time high of $5,110.50 for an ounce in the first hours of the day.

Utilities want $31 billion more from customers, and your electric bill is about to feel it

Electric and gas providers more than doubled rate increase requests to state regulators last year, often citing soaring demand from AI data centers.

Donald Trump Is Really, Really, Really, Really, Really Going To Hate This Report On How His Economy Is Doing...

I'm keeping track of Trump's economy right here. Every month. Enjoy!View Entire Post ›

How the decline of economic data could end up with a lot of unemployed Americans

The quality and availability of economic data is declining. That could end up with a lot of unemployed Americans and increase the chance of recession.

Gold and silver prices soared, then plummeted. What’s going on?

Analysts see various factors at play for price swings, from Trump's unpredictability to distrust in economic systems.

The Great Unwind

The economy is crashing because Wall Street spent trillions shorting Japan's currency and now they're being squeezed.

The Struggle for the Fed

The Fed is under attack. Can it be both protected and held accountable?

Consumer sentiment brightens, defying economists' expectations

Shopper attitudes remain below where they registered a year ago, data showed.

In economic speeches, Trump claims inflation victory nearly 20 times even as prices bite

By Tim Reid WASHINGTON, Feb 7 (Reuters) - Donald Trump has cast himself as Republicans’ chief messenger on the cost of living in an election year, but a...

Trump’s Affordability Ideas Would Probably All Backfire

How not to solve the cost-of-living crisis

U.S. unexpectedly adds 130,000 jobs in January after a weak 2025

U.S. employers added 130,000 jobs in January as the unemployment rate dipped to 4.3% from 4.4% in December. Annual revisions show that job growth last year was far weaker than initially reported.

The Jobs Data Is Good, Bad and Trending Towards Recession. Got It? Me Neither

Job growth in 2025 was already very bad, and it got worse in a good January jobs report.

Trump Tanked Job Growth in 2025 to Basically Nothing

It’s official: the jobless boom of Donald Trump’s first year back in office was even worse than we originally thought. A jobs report published Wednesday by the Bureau of Labor Statistics contained significant downward revisions for the already weak job growth…

10 Presidents Day Reads

My three-day weekend reads: • Why a ‘K-Shaped’ Economy Means More Risk for Stock Investors: The wealthy are propping up consumer spending thanks to a multi-year bull run, while lower earners pinch pennies. That creates a fragile circular dynamic — if stocks s…

Gold prices dip on firmer U.S. dollar

Monday brought a small drop in gold prices, a contrast to the robust gains of the previous trading day. The latest inflation report from the U.S. was softer than expected, raising expectations for interest rate cuts by the Federal Reserve.

Gold price below $5,000 as investors wait on Fed guidance for clues

Markets currently expect the Fed to cut rates in June

'We're just going to get worse': 3 reasons Nobel economist Joseph Stiglitz thinks the US economy will keep weakening

Nobel laureate Joseph Stiglitz pointed to several concerns he had about the US economy, like the decline in blue-collar jobs & uncertainty over rates.

Fox Host: GOP 'Silently, Quietly Breathing A Sigh Of Relief' On Tariff Ruling

Fox's Shannon Bream discusses what Republicans are telling them behind closed doors on these illegal Trump tariffs. They all know they're a tax on Americans and inflation and the economy is going to hurt them in the midterm elections, but apparently, the cowa…

It's Officially Time to Worry About Trump's Economy

We are now staring down the stagflationary barrel while the threat of recession rises. The jobs market is bad to mediocre, and Trump and Israel’s war with Iran has guaranteed us more inflation thanks to the oil shock.

A bad news day for Trump’s economy, briefly explained

This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: The fundamentals of the American economy are…starting …

Ray Dalio says America is facing a ‘debt death spiral’ — but you can protect your portfolio with these 3 assets

'It’s very much like the early ’70s … what do you put your money in?'

Trump Is Panicking Over the Threat of $5 Gasoline and Rampant Inflation

Donald Trump is watching the GOP's midterm chances go up in an expensive fireball, as gasoline prices and inflation surge due to Iran.

What smart people are saying about inflation as the war in Iran presses on

Business Insider spoke with experts and reviewed commentary to see what smart people think the war with Iran means for inflation and consumers.

Could the US-Israel war with Iran fuel global inflation?

Oil prices are swinging as markets react to every twist in the conflict.

A sustained spike in oil prices could erase consumers' tax savings from Trump's 'One Big Beautiful Bill,' strategist says

If oil prices sustain a $20-a-barrel increase, that would be equivalent to Americans paying $150 billion more at the pump a year, one strategist says.

The Latest Economic Numbers Are Brutal for Trump

The likelihood is growing that the economy will be in recession when voters cast their ballots in the midterm elections. Goldman, Sachs on Thursday raised its 12-month estimation of a recession’s probability from 20 percent to 25 percent, and on Friday mornin…

3 big takeaways from the Fed's March meeting

Inflation and steep oil prices were headlines at the Fed's March meeting. Powell hinted he may remain on the FOMC after his term as chair.

US Fed keeps interest rates steady amid economic, geopolitical uncertainty

The US Federal Reserve keeps rates steady at 3.5–3.75 percent amidst a cooling labour market and Iran pressures.

BofA isn't ruling out a rate hike this year, but says it would take 3 things for that to happen

Markets are recalibrating expectations for Fed rate cuts. BofA says the Fed could possibly hike rates if three conditions are met.

Kalshi cofounders' favorite users include 'this guy who lives in Kansas' who is their best inflation forecaster

Kalshi CEO Tarek Mansour said one of his favorite users is "this guy who lives in Kansas" who nails inflation forecasts.

FERGUSON: Brace Yourselves. Recession Coming....

FERGUSON: Brace Yourselves. Recession Coming.... (First column, 10th story, link) Related stories:MOODY'S cuts rating on private credit fund... Wall St crisis spreads as shadow bank blocks withdrawals...

Trump declared inflation 'defeated' — now the U.S. is projected to have the worst inflation among G7 countries in 2026

The effects of tariffs and the war in Iran — even if it ends soon — will be felt at the till all year long.

JPMorgan, Pimco Say Bond Market Is Underestimating Slowdown Risk

(Bloomberg) -- Some of Wall Street’s biggest bond-fund managers say financial markets are underestimating the risk that the US war in Iran will cause a sharp...

Gas prices soar past $4 on average for a gallon of regular in US, highest since 2022

U.S. gas prices have jumped past an average of $4 a gallon for the first time since 2022 as fuel prices continue to soar worldwide amid the Iran war

Donald Trump's Poll Numbers On The Economy Are Breaking Records For Reasons He's Realllllly Not Gonna Like

If he could read, he'd be so mad right now.View Entire Post ›

A year later, two charts show how Liberation Day inflation panic actually panned out

It's been a year since Liberation Day on April 2, 2025. Here's how tariff rates and inflation have evolved since then.

US unemployment rate drops despite economic uncertainty and Iran war

White House says March jobs report 'blew out expectations' with gains made in the healthcare and construction sectors.

A year later, Trump doubles down on tariffs

Remember Liberation Day? Well, a year later, inflation is up, Trump’s ratings are down — and he doesn’t care

IMF warns of looming inflation crisis on back of US-Israel war on Iran

The conflict has driven up prices of oil, natural gas, damaged refineries and other energy infrastructure.

WATCH: Prices surged in March after oil shock set off by Iran war

Inflation surged in March after an oil shock triggered by the U.S.-Israeli war with Iran, government data showed on Friday. The inflation report matched economists' expectations.

Why inflation is up

This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: The economic impact of the Iran war is becoming cleare…

The real reason your monthly gas bill keeps going up

This story was originally published by Inside Climate News and is reproduced here as part of the Climate Desk collaboration. From the cold snap this winter to the US war with Iran, rising energy bills are making headlines. But there’s a larger story behind sp…

Inflation rises in US amid Iran war, Hormuz blockade

Government report shows gasoline going up by 21.2 percent in March as petrol remains above $4 per gallon despite truce.

Why the Fed won't be in a rush to bolster the economy against the latest oil shock, according to famed investor Ruchir Sharma

The Fed put, or the idea that the central bank will rush to cut interest rates to prop up the economy, is likely off the table, Ruchir Sharma says.

Fox Business Anchor: 'Trump's Messaging' 'Spooked The Markets A Little Bit'

Fox Business anchor David Asman did his best to put a happy face on the damage Trump is doing to our economy while downplaying the fact that he's a dangerous raving lunatic. During yet another segment where someone on Fox was telling their audience that infla…

Americans are more frustrated with the economy than ever and sky-high gas prices could be a big reason why

Americans have never felt worse about the economy, based on the University of Michigan Consumer Sentiment Index. Gas prices are partially to blame.

Anthony Scaramucci says the US economy isn't facing a recession. It's already in one.

Anthony Scaramucci asserts the US is already in a recession, citing Trump's policies and economic tensions as contributing factors.

Trump’s Polling Is Now as Bad as It Was After the Jan. 6 Capitol Riots

A full 70% of Americans now say that the economy is getting worse, and that it's the fault of Trump. It's time for Republicans to flee.

Americans are unhappy about the economy and reeling from high prices: Polls

Nearly three-quarters say the economy is getting worse.

ANDREW NEIL: The economic maelstrom coming our way is gathering pace. But our useless ministers are just sticking their fingers in their ears and shutting their eyes tight

Remember the Looney Tunes cartoon character, Wile E. Coyote, the useless hunter who relentlessly chased Road Runner, the stick-thin bird too fast to catch?

From Trump beef to 'transitory' inflation, here's what will define Jerome Powell's Fed legacy

Time is almost up on Jerome Powell's eight-year stint as Federal Reserve chairman. Here's what market pros say his legacy will be.

Inflation is sucking the life out of teacher pay raises, report says

A new review of state education data shows teacher pay increases can't keep up with inflation and fewer students are enrolled in public schools.

5 charts show what the economy looked like under Powell's Federal Reserve

The April Fed meeting is set to be Jerome Powell's last as chair. Business Insider looked at his record since 2018.

Fed meeting updates: Will FOMC hold interest rates? What to expect from Jerome Powell's last meeting

The Federal Reserve will announce its interest rate decision at its April meeting, which is expected to be Fed Chair Jerome Powell's last.

Fed to announce what may be the final rate decision under Powell

The announcement may be the final rate move under Fed Chair Jerome Powell.

US gas reaches $4.30 per gallon; Trump says prices will drop after Iran war

Price of petrol in US jumps by nearly 30 cents in one week amid Strait of Hormuz blockade and Iran diplomatic deadlock.

Voters will judge Trump on the economy - how is it doing?

How much Donald Trump can do with the time he has left as president will depend massively on the cost of living.

Transcript: Kevin Hassett on "Face the Nation with Margaret Brennan," May 3, 2026

The following is the transcript of the interview with White House National Economic Council Director Kevin Hassett that aired on "Face the Nation with Margaret Brennan" on May 3, 2026.

What’s Going on With This Stock Market?

The boom is not as untethered from reality as it may look.

Ohio Democrats hope Trump and high prices will put governor and U.S. Senate in play

Former GOP presidential candidate Ramaswamy headlines field of candidates.

Trump says 'I don't think about Americans' financial situation' in Iran negotiations

President Donald Trump said Americans' financial situation was "not even a little bit" of a motivating factor for him reaching a deal to end the war in Iran.

US faces rising costs with Iran war driving energy prices, inflation higher

Consumer prices spike in April, driven by soaring energy costs, with petrol prices up nearly 30 percent since last year.

Warsh wins confirmation as Fed chair, with inflation on the march

Senate on Wednesday voted to confirm Kevin Warsh as the chair of the Federal Reserve, paving the way for the lawyer, financier and former central-bank...

Grocery prices soar as Iran war drags on

The price of groceries rose more last month than they have in nearly four years, according to annualized data from the Bureau of Labor Statistics. Fresh veggies are now more than 44% pricier than they were just three months ago, before the U.S. — Read the res…

What Happens if the U.S. Defaults?

Lloyd Blankfein on the growing U.S. debt, polarization, the state of the economy, and what a United States default would look like. Plus: Trump-branded cellphones and the decline of public confidence in free enterprise.

Jerome Powell: Steering the US Fed through COVID-19 and political pressures

Trump’s aggressive push for interest rate cuts shaped Powell’s Fed legacy during his tumultuous leadership.

Global shares drop as bond yields jump on inflation worries

By Sophie Kiderlin LONDON, May 15 (Reuters) - Global shares tumbled on Friday as investor euphoria over tech stocks gave way to inflation fears, sending bond...

Powell ends term as Fed chair: Takeaways from his tenure

Powell faced a pandemic, an acute bout of inflation and a criminal probe.

Kevin (Warsh) Can Wait

The new Fed Chair is inheriting an inflation conundrum: appease Trump or hold out on rates?

Just What Exactly Do Conservatives Think Inflation Is?

What fractures globalized production naturally results in higher prices just as what integrates global production naturally results in lower prices.

Major bank drops bombshell on Fed interest-rate bets

After an especially bruising week of hot back-to-back inflation headlines, increasing uncertainties about the end of the Iran war’s energy shocks, and a...

Why Shouldn’t Yields Rise?

Friday’s jump in 10 year Treasury yields (10 bps), and the 30 year yield nearing 5% alarmed markets. But why? Debt and the debt trajectory are up. Fed Chair Designate Warsh wants to shrink the Fed balance sheet, even as Trump continues his assault on Fed inde…

10 Tuesday AM Reads

My Taco Tuesday morning train strike Lyft reads: • Words That Mattered: Fed Chair Jay Powell: A close reading of Powell’s most consequential lines, dated and re-contextualized. Excellent reference for the next FOMC parse. (Stay-at-Home Macro) • How Trump plan…

Economic confidence plummets in US amid Iran war, poll shows

As petrol prices rise, new survey suggests economic confidence in the US is at -45, the worst since 2022.

New Fed Chair Kevin Warsh faces 'doom loop' of debt and inflation. What's going on in the bond market?

Rising Treasury yields, war-driven inflation and a ballooning deficit create a vicious cycle for borrowers.

Gold Gains as Prospects of Iran Deal Temper Inflation Concerns

(Bloomberg) -- Gold advanced as signs the US and Iran are closing in on a deal that would reopen the Strait of Hormuz tempered inflation concerns.Most Read...

The Vibecession Is Entirely Rational

Even if all-time lows in economic sentiment are just inequality-based vibes, inequality still had a big hand in the Great Depression

These swing voters are adding high gas prices into their political calculations

As part of NPR's Swing Shift project checking in with swing voters, these Americans are split on who is to blame for high gas prices but they all agree it has an impact on their personal finances.

The War Against Inflation Would Nearly Be Over If Not for Trump

We would be in an entirely different economy if practically anyone other than America’s worst human was president.

How war, tariffs and weather 'conspired' to make your tomatoes cost more

Tomato prices were up 21 per cent in April compared to a year earlier, the highest year-over-year price increase for any grocery item measured in the consumer price index, beating coffee and beef.

How Trump squandered the economic recovery

In January 2025, the president was set up for success. Instead, he blew it

Out-Of-Touch Bessent Dismisses Gas Price Hikes As No Biggie

Another Trump mouthpiece tried to gaslight Americans into disbelieving their own financial struggles. In this case, it was Treasury Secretary Scott Bessent insisting that our economic woes are a Democratic/news media hoax. As inflation just hit a three-year h…

Guest Contribution: “Americans can’t afford Trump’s inflationary policies”

Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version was published in Project Syndicate.   May 31, 2026 …

Trump is facing a new inflation warning from the bond market

The world is getting more uptight about lending money to President Donald Trump’s government

10 Monday AM Reads

Welcome to June! Kick off your back-to-work with our expertly curated morning reads: • The Lowest Consumer Sentiment EVER: We are currently sitting at the lowest level of consumer sentiment in the past 75 years!. Lower than the Great Financial Crisis when the…

It’s not just high gas prices – inflation is now spreading through the US economy

Fresh inflation data now suggests the challenge may be deeper and longer lasting than many expected.

Moody's Mark Zandi says the economy is flashing a warning sign even as GDP keeps growing

Mark Zandi, chief economist at Moody's Analytics, says that US GDP growth doesn't mean the economy is in great shape, and headwinds are building.

Jobs report sparks inflation fears; Trump responds

100 days into Iran war, Americans face higher prices

On average, US households have spent $750 more in expenses due to the war, hitting middle and lower-income people hard.

On The Matter Of Money In Circulation, Economists Are Profound Excess

Production is always matched with credible exchange media. One presumes the other.

Dollar scales two-month peak as Fed hike bets ramp up

By Rae Wee SINGAPORE, June 8 (Reuters) - The dollar was perched near a two-month high on Monday after a blowout U.S. jobs report sent traders ramping up bets...

‘I love the inflation’ US President Trump dismisses price concerns

Trump said he ‘loves’ inflation as new data showed US consumer prices rose at their fastest pace in three years.

'I love the inflation' comment out of context, Trump and Johnson argue

President Donald Trump said on June 10 'I love the inflation' when asked about the May CPI report. He later told the New York Post it was out of context.

Aren’t You Just Loving Gas Prices?

Inflation is on the rise, but the Trump administration doesn’t seem concerned.

All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates

Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded

Fed set to make interest rate decision as inflation hits 3-year high

Futures markets overwhelmingly expect the Fed to hold interest rates steady.

10 Wednesday AM Reads

My mid-week morning train WFH reads: • A Good Family: Fight Warsh says he wants one, inflation demands it, and the dot plot is how we’d see it. All eyes will be on Kevin Warsh this week as he chairs his first FOMC meeting. However, with PCE inflation on track…

Trump’s pitch to voters: “I love the inflation”

President Donald Trump has spent years testing the boundaries of what politicians can say publicly. During his first presidential campaign, he famously said that he could “stand in the middle of Fifth Avenue and shoot somebody” without losing supporters. It w…

US Federal Reserve holds rates steady under new chair Warsh

Heightened energy prices because of the US-Israel war with Iran has pushed US inflation to a three-year high.

Iran peace not stopping central banks from raising borrowing costs

By Balazs Koranyi and Leika Kihara FRANKFURT/TOKYO, June 18 (Reuters) - The Iran war-induced inflation surge is becoming too much for central banks around th...

Inflation pain could linger even after the Iran war is ends: Economists

Economists talk about ongoing inflation and what consumers can do to cope.

Traders boost US rate-hike bets on hawkish Fed

Traders are now fully anticipating a quarter-point interest rate hike from the Federal Reserve by September, a shift driven by renewed inflation worries fueled by a surge in oil prices. New Fed Chair Kevin Warsh's firm stance against high inflation has bolste…

Who Is the Real Kevin Warsh?

Before the new Fed chairman got the job, he intimated that the central bank could cut interest rates, but last week he assumed the role of an inflation hawk, John Cassidy writes.

10 Tuesday AM Reads

My Two-for-Tuesday morning train WFH reads: • Trump picked Kevin Warsh to cut rates. The new Fed chief just told us he has other plans. Here’s what the central bank’s hawkish agenda means for your money. MarketWatch on Warsh’s first public posture as Fed chai…

MAGA Voted For The "Trump Economy." Here's The Harsh Reality Of How It's Doing. (Spoiler: IT'S BAD)

I'm keeping track of Trump's economy right here. Every month. Enjoy!View Entire Post ›

10 Wednesday AM Reads

My mid-week morning train WFH reads: • The Humbling of the Once Almighty Dollar: Krugman on the greenback’s slipping grip and what dethrones a reserve currency (slowly, then not). Wonky, contrarian, and worth arguing with. (Paul Krugman) • How the Mag 7 becam…

Your Electronics Are About to Get Way More Expensive

The A.I. boom and the Iran war are driving demand for chips to unprecedented levels—leading to bigger price tags for your gadgets.

Kevin Warsh Must Explain That The Fed Simply Cannot Fight Inflation

The Fed couldn’t fight what economists incorrectly deem inflation even if it wanted to.