Economy

Trump Pushes for Rate Cut, Says Powell’s ‘Termination Cannot Come Fast Enough’

President Trump renewed his call for the Federal Reserve to cut interest rates, saying Fed Chair Jerome Powell’s “termination cannot come fast enough.”

Inflation Slows Sharply to 2.4 Percent, Lowest in Half a Year

According to the Bureau of Labor Statistics, the annual inflation rate declined to 2.4% from 2.8% in February, the lowest reading since September.
MAGA Business MAGA Business

US Economy Adds Hotter-Than-Expected 228,000 New Jobs in March

The U.S. labor market remained robust in March amid market turmoil and growing economic concerns, new data show.

4th Quarter GDP Beats Market Estimates; Consumers, Government Drive Growth

New government data show that the U.S. economy slowed in the fourth quarter but still finished 2024 on a solid footing.

Unemployment Claims See Slight Uptick, but Private-Sector Layoffs Remain Low

Number of Americans filing for unemployment benefits slightly increased, but layoffs across the country remain relatively low, Dept of Labor Mar 20.

Federal Reserve March Policy Meeting—Key Takeaways

The Federal Reserve concluded its two-day policy meeting on March 19, leaving interest rates unchanged for the second straight time.

US Annual Inflation Slides to Lower-Than-Expected 2.8 Percent

The latest U.S. annual inflation rate, released on March 12, came in below economists’ expectations, driven by lower energy costs.

Import Surge Drives US Trade Deficit to Record High in January

U.S. trade deficit reached record high in January on surge of imports. Trump is vowing to reverse trend by curbing foreign goods and boosting domestic production.