The woes of Target hold a message for anyone who thinks that Walmart will raise its prices in reaction to tariffs President-elect Donald Trump is likely to raise on imports from China.
Businesses do not expect increased costs despite Trump’s promise to raise tariffs on imports.
The Republican Party has returned to its traditional stance in favor of tariffs and economic nationalism.
Trump is likely sending a fierce defender of his tariff proposals to run the Commerce Department, according to reports.
Now that the election is safely in the past, we are finally getting some clarity about the economically damaging inflation that crippled Biden’s presidency and swept the legs out from Kamala Harris’s attempt to become the 47 president.
Homebuilders see the election as opening up room for more construction, possibly easing the affordability crisis that has gripped America during the Biden era.
A question we get asked a lot about is how the Federal Reserve is likely to react to President-elect Donald Trump’s tariffs. The short answer is that the Fed is likely to ignore them.
Krugman’s conspiracy theory ignores the structural safeguards that make U.S. economic data among the most reliable in the world.
In the article, Bessent advocates for the deployment of tariffs to protect and promote American industries, drawing parallels to Alexander Hamilton’s early economic policies.
One of the reasons Democrats were caught off guard by the strength of support for Donald Trump across America is that they underestimated the importance of inflation and economic conditions to voters.
Republicans and independents moved to expect lower inflation while the majority of Democrats expect higher inflation.
The producer price index indicates that inflation is not yet ready to go gently into the night.
The Fed is in a rate cut cycle as Trump is coming to the White House—just as he would prefer.
The Labor Department said prices were up 2.6 percent in October compared with 12 months earlier.
Donald Trump and the Republicans have a mandate for new economic policy.
One of the leading contenders to be Donald Trump’s Treasury Secretary cut his teeth in the belly of the beast: George Soros’s hedge fund.
Billionaire investor Paulson cited his complex financial obligations as standing in the way of playing an official role in the Trump administration.
Donald Trump is not going to try to remove Jerome Powell as the head of the Federal Reserve or control monetary policy from the White House.
The Fed has tilted far to the left of American politics in the age of Trump.
Michael Barr has accused Trump of damaging the banking system. Does it make sense for him to stay on as the Fed’s top bank regulator in a new Trump administration?
The conventional wisdom on Wall Street has long been that a sweep by Republicans in the election would be inflationary. Here’s why that’s probably wrong.
Consumer expectations among Republicans reached the best level since the 2020 election.
There are four major policy changes that Donald Trump can embrace to revitalize the U.S. economy.
The Fed now seems a bit less confident about inflation returning to its two percent target.
The presidential election was in significant part an economic referendum in which voters chose Trump and his economic policies.
Stocks rallied in Europe and Japan and fell in China while U.S. stock futures soared.
The economy is the top issue across the nation. But it is even more important for voters in several battleground states.
The two most influential exit polls released on Tuesday night conflict about just how important the economy is for voters.
On the eve of the presidential election, Americans still have a dour assessment of the economy and are far more likely to say they trust Donald Trump to manage it than Kamala Harris.
More and more young people are finding homes unaffordable in the wake of the Biden-Harris inflation crisis.
The decline undercuts claims by Kamala Harris that the Biden administration had sparked a manufacturing boom. In fact, manufacturing activity has been contracting for nearly two years and manufacturing jobs have fallen for three straight months.
The economy delivered some rough justice to the campaign of Kamala Harris on Friday in the form of the monthly jobs report.
The last time the private sector as a whole shed jobs was April of 2020.
Jobs came in much, much lower than expected.
The latest economic data suggests that the Federal Reserve should halt any further rate cuts.
Inflation is not done with us yet.
Republicans and independents are becoming much more optimistic about Donald Trump’s odds on election day—and about the direction of the U.S. economy.
Even the garbage is expensive in the Biden-Harris economy.
The strong report raises more questions about the Fed’s decision to cut rates by half a point in September.
Imports dragged down GDP but consumer spending was the strongest it has been in over a year.
