Price and wage trends point to the Fed hitting its target this year, but whether it gets there now depends on Trump.
The economy rebounded strongly from the COVID shock, but the U.S. continues to grapple with a cost-of-living crisis and spiraling federal debt.
The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change.
The 46th president of the United States is bringing his time at the White House to a close with the S&P 500 SPX up over 55% since he took office on Jan. 20, 2021. The Dow Jones Industrial Average DJIA advanced more than 39% over the same period, while the tech-heavy Nasdaq Composite COMP jumped nearly 46%, according to Dow Jones Market Data.
Donald Trump, the self-styled bitcoin and crypto president, will reportedly issue several crypto-related executive orders on his first day back in the White
As President-elect Donald Trump prepares to return to the White House, the U.S. dollar has, by some measures, never been stronger.
The Federal Reserve hiked interest rates to two-decade highs ... While the FOMC announced a 50 basis point cut in September, Democrats still lost the White House and control of the Senate and failed to capture a majority in the House.
President-elect Trump and Republican majorities in Congress are planning to pursue an ambitious tax cut plan, but some GOP lawmakers warn rising bond yields could dampen those efforts.
More immediately, however, the rise in Treasury yields is hammering investor calculations for U.S. stocks, which are based in part on the so-called risk-free rate (and slump lower when rates move higher), as well as bets the Fed will reduce its benchmark lending rate over the first half of the year.
WASHINGTON (AP) — Donald Trump has promised sweeping actions in his second administration. The president-elect has outlined a wide-ranging agenda that blends traditional conservative approaches to taxes, regulation and cultural issues with a more populist bent on trade and a shift in America’s international role.
As he assumes the presidency for a second time, Donald Trump brings with him a broad expanse of business relationships and financial entanglements.
Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the government’s most influential banking regulator.