A major development in Trump's Fed feud is set to happen next week in the Supreme Court
Supreme Court arguments on Jan. 21 will likely be the next big development for the central bank's quest to maintain independence.
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US Posts Record $145B Dec. Deficit as Outlays Outpace Receipts
The U.S. government posted a $145 billion budget deficit for December, up 67% or $58 billion from a year earlier due to record outlays that were inflated by calendar shifts in benefit payments and receipts, the Treasury Department said on Tuesday.
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Trump: 2.6% Core Inflation Justifies Fed Rate Cut
President Donald Trump welcomed December inflation figures released Tuesday, saying they supported his push for Federal Reserve chair Jerome Powell to cut interest rates.
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US New Home Sales Fall Marginally in October
Sales of new U.S. single-family homes fell slightly in October after increasing for two straight months, though declining prices amid still-elevated inventory could support the new housing market this year.
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Powell Could Remain a Thorn in Trump's Side
Federal Reserve Chair Jerome Powell's term as chair is set to end on May 15, 2026 - but he could still thwart President Donald Trump's push to lower interest rates.
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December core consumer prices rose at a 2.6% annual rate, less than expected