Powell Reiterates: Fed Will Wait for More Data Before Cutting Rates
U.S. Federal Reserve chair Jerome Powell reiterated the U.S. central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering interest rates, again setting aside President Donald Trump's demands for immediate and deep rate cuts.
Read more …
Economist to Newsmax: 8M-9M Lose Health Insurance Without Megabill
Council of Economic Advisers Chair Stephen Miran told Newsmax on Monday that failure to pass the One Big Beautiful Bill Act would trigger "the biggest tax hike in history" and leave 8 million to 9 million Americans without health insurance.
Read more …
US Customs Revenue Exceeds $100B, Thanks to Tariffs
America's customs revenue has exceeded $100 billion since President Donald Trump returned to the White House, according to Axios. Of that figure, the vast majority is from tariffs, the outlet reported, as the president's trade strategy begins to pay off in a big way.
Read more …