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Economic News

Fed Governor Bowman favors July interest rate cut if inflation stays low

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23 June 2025
Bowman is the second central banker in recent days to suggest tariffs are likely to have a temporary and muted impact on prices.
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Why Trump Struggles in His Trade War With China

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23 June 2025
President Trump is struggling in his trade wars with China and other nations. The tariffs imposed for 90 days when he suspended higher reciprocal duties on China, the EU and other nations could prove permanent.
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Trump Calls for Urgent Release of Increased Oil Supply

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23 June 2025
Amid the Iranian threats of shutting off global oil flows by choking the Strait of Hormuz, President Donald Trump is issuing an urgent call for stable oil prices and immediate increases of U.S. oil supply for the world."EVERYONE, KEEP OIL PRICES DOWN," Trump wrote in a...
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US Manufacturing Moderates, Price Pressures Build

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23 June 2025
U.S. business activity slowed marginally in June, though prices increased further amid President Donald Trump's aggressive tariffs on imported goods, suggesting that an acceleration in inflation was likely in the second half of the year.
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AP-NORC Poll: Dem Support for Solar, Offshore Wind Energy Falls

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23 June 2025
Americans' support for green energy tax credits and renewable energies like wind and solar power has decreased in recent years, according to a new poll, driven by a softening in support from Democrats and Independents.
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US Attack on Iran Adds to Economic Uncertainty

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23 June 2025
The U.S. bombing of Iran's nuclear sites injected fresh uncertainty into the outlook for inflation and economic activity at the start of a week chock full of new economic data and central banker commentary, including two days of Congressional testimony from Federal Reserve...
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  1. Trump Wants Action on Beautiful Bill as He Handles Iran
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