Breaking News: Economy
Watch Fed Chair Powell speak live before House Financial Services Committee
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy. The central bank leader appears before the House […]
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Trump says interest rates should be lowered to go ‘hand in hand’ with his tariffs
U.S. President Donald Trump speaks in the Oval Office of the White House in Washington, D.C., U.S., Feb. 11, 2025. Kevin Lamarque | Reuters President Donald Trump again switched positions on the Federal Reserve, indicating in a social media post Wednesday that interest rates need to come down. “Interest Rates should be lowered, something which […]
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10-year Treasury yield shoots above 4.6% after hot CPI report
The consumer price index rose 0.5% in January, and is up 3.0% over the last 12 months, according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones were expecting a monthly rise of 0.3% and a 2.9% increase year over year. Core CPI, which excludes volatile food and energy prices, rose 0.4% for […]
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Japan requests US to exclude Japan from steel and aluminum tariffs
Muto Yoji, Japan’s minister of economy, trade and industry. Toshifumi Kitamura | Afp | Getty Images Japan industry minister Yoji Muto said on Wednesday the nation has requested that the United States exempt Japan from steel and aluminum tariffs. U.S. President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% “without exceptions or exemptions,” saying they would aid struggling industries in […]
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Fed Chair Powell says central bank doesn’t ‘need to be in a hurry’ to lower interest rates further
Key Points Fed Chair Jerome Powell reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to get interest rates lower. Powell’s comments came in the first of two appearances this week on Capitol Hill. Source
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Watch Fed Chair Powell testify live before the Senate Banking Committee
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell delivers his semiannual remarks on monetary policy and the economy this week on Capitol Hill. First up will be an appearance Tuesday before the Senate […]
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Trump’s steel tariffs could trigger broader trade war as EU threatens ‘proportionate countermeasures’
Ursula von der Leyen (CDU, r), President of the European Commission, stands in the plenary chamber of the European Parliament. Philipp von Ditfurth | Picture Alliance | Getty Images The European Union plans to retaliate against the United States for new steel and aluminum tariffs, adding another element to rising global trade tensions. “Unjustified tariffs […]
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Asian economies scramble to appease Trump as the U.S. president ratchets up tariff threats
PORTSMOUTH, UNITED KINGDOM – OCTOBER 28: The container ship Vung Tau Express sails loaded with shipping containers close to the English coast on October 28, 2024 in Portsmouth, England. Matt Cardy | Getty Images News | Getty Images As the specter of Donald Trump’s reciprocal tariffs looms, several Asian economies that enjoy substantial trade surpluses […]
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What the end of the penny means for the economy, your piggy bank, and the way America prices items
Talk to end the penny’s production has been bandied about for decades among government officials and economists. However, the talk became policy when, over the weekend, President Donald Trump ordered the Treasury to stop minting new pennies. “For far too long the United States has minted pennies which literally cost us more than 2 cents. This […]
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Stocks making the biggest moves premarket: BP, Nucor, Tesla, Meta Platforms and more
Check out the companies making headlines before the bell: Semtech — The semiconductor manufacturing company plunged more than 28% after it warned in an 8-K filing that fiscal 2026 net sales from its CopperEdge products used in active copper cables are now underperforming “due to rack architecture changes.” Semtech also said it does not expect […]
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