Inflation

The first quarter of 2025 saw a notable decrease in economic optimism among chief financial officers, with the latest CFO Survey pointing to tariffs and market uncertainty as primary drivers. What Happened: The quarterly survey conducted by Duke University and the Federal Reserve Banks of Richmond...

Amid the ongoing tariff battle and the Federal Reserve’s projections of higher inflation and lower growth, PIMCO has predicted a 30-35% chance of a recession, without the possibility of stagflation in the U.S. economy in 2025. What Happened: Economist Tiffany Wilding, managing director at...

A wave of pessimism is sweeping across American households, as new data shows consumer confidence has plunged to its lowest level in over a year, with fears of inflation, stock market volatility and tariff-driven price hikes eroding optimism about the future. The Consumer Confidence Index fell by 7...

President Donald Trump recently took to his social media handle about falling egg prices, claiming they are ‘WAY DOWN’ from the “Biden inspired prices” just weeks ago. In a post on Truth Social, he added, “Groceries and Gasoline are down, also.” Meanwhile,...

Ethereum (CRYPTO: ETH), the second-largest cryptocurrency by market capitalization, has charted a diametrically opposite trajectory when compared to its older sibling, Bitcoin (CRYPTO: BTC), over the past year. Consider this. Bitcoin has jumped 32% in a year, reaching an all-time high of $109,000....

Amid the ongoing overhaul in the U.S. economy, billionaire Mark Cuban contrasted the difference between turning around a corporation and a country, questioning whose interests the people in charge serve, while calling the 330 million citizens the directors of the corporation. What Happened: Cuban...

Former Treasury Secretary Larry Summers warned on Thursday that President Donald Trump‘s tariff policies are creating a “self-inflicted wound” on the U.S. economy, pushing inflation up while threatening growth. What Happened: “We should be focused on the fact that we had a...

President Donald Trump wasted no time in pressuring the Federal Reserve to lower interest rates, calling Apr. 2 – when reciprocal tariffs take effect – “Liberation Day in America.” Meanwhile, the Fed signaled rising economic uncertainty, slashed growth forecasts and raised...

Senior economist Mohamed El-Erian has criticized Federal Reserve Chair Jerome Powell’s use of the word “transitory” to describe the potential inflationary impact of tariffs. What Happened: The Federal Reserve held rates steady in the range of 4.25%-4.5% on Wednesday. Despite...

The Federal Reserve left interest rates unchanged at 4.25%-4.50% on Wednesday, with Chairman Jerome Powell reviving the term “transitory” to describe the potential inflationary effects of new tariffs. While the Fed still projects two rate cuts in 2025 in its latest dot plot, projections...

Federal Reserve Chairman Jerome Powell indicated that inflation driven by new trade tariffs might be “transitory,” evoking comparisons to the Fed's 2022 misstep when it wrongly classified inflation as a short-lived phenomenon. Speaking Wednesday following the Federal Open Market...

Editor’s Note: This article was corrected to reflect revised economic projections for 2025. As widely expected, the Federal Reserve kept the fed funds rate unchanged at 4.25%-4.50% in its Wednesday meeting. This marked its second consecutive decision to hold borrowing costs steady as...

The UCLA Anderson Forecast released its first-ever “recession watch,” citing potential economic risks stemming from Trump administration policies. What To Know: The forecast, titled “Trump Policies, If Fully Enacted, Promise a Recession,” highlights concerns over tariffs,...

Mortgage applications took a sharp 6.2% dive last week as rising interest rates pushed refinance demand lower, according to the latest data from the Mortgage Bankers Association. In a report released Wednesday, the MBA said its Market Composite Index—a key measure of mortgage loan application...

Ryan Detrick, chief market strategist for Carson Group, is calling a bottom in equity markets. What Happened: Tuesday on CNBC’s “Worldwide Exchange,” Detrick presented data that suggests the market may have bottomed last week. In a post-election year, markets tend to be weak...