The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated.
Many Americans are cutting back on snacks, but not for health-related reasons.
Experts say it is not too late for the U.S. to avoid inflation and a potential economic slowdown.
A global group of economists predicts President Trump’s tariff policies will slow economic growth in the U.S. and around the world and send prices higher again.
U.S. shoppers stepped up their spending just a bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount.
President Donald Trump has signed into law legislation funding the government through the end of September, ending the threat of a partial government shutdown and capping off a struggle in Congress that deeply divided Democrats.
Gold prices hit a record high as concerns about the Trump Administration’s tariffs increase.
The Senate finds itself on Friday in a familiar position, working to avoid a partial government shutdown with just hours to spare as Democrats confront two painful options: allowing passage of a bill they believe gives President Donald Trump vast discretion on spending decisions or voting no and letting a funding lapse ensue.
Americans are growing more concerned about the economy.
A day before a shutdown deadline, Senate Democrats are mounting a last-ditch protest over a Republican-led government funding bill that already passed the House but failed to slap any limits on President Donald Trump and billionaire Elon Musk’s efforts to gut federal operations.
