Fed Eases Rates Amidst Prolonged US Shutdown Uncertainty
The Fed cut rates by 25bps to 3.75-4%, marking its fifth cut since Sept ’24, as a US government shutdown adds uncertainty and delays key data, with markets eyeing the next easing move.
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How US Tariffs Are Hitting American Families at the Checkout
US tariffs, particularly from the Trump era, are fuelling higher grocery bills and inflation that squeeze American households’ budgets, spotlighting the real cost of trade policy at the kitchen table.
Fed Independence in Spotlight as White House Weighs In
As Trump’s adviser faces a Fed nomination hearing, the battle over central bank independence heats up for global markets.
Tariffs Drive U.S. Core Inflation Higher, Economist Warns
AEI economist Michael Strain says U.S. tariffs are worsening core inflation, with goods prices set to rise further in coming months.
Fed Signals “Pessimistic” Outlook as Tariffs Weigh on US Economy
The Fed’s Beige Book warns of a neutral to pessimistic US economic outlook as rising tariffs and policy uncertainty put upward pressure on prices and hiring decisions.
U.S. Sticks to August 1 Tariff Deadline, Global Trade Talks Intensify
President Trump vows no extensions to the August 1 tariff deadline, spurring trade talks with the UK, Vietnam, Japan, South Korea, the EU and the Chinese mainland.
U.S. Senate Passes Comprehensive Tax Cut and Spending Bill
On July 1, the U.S. Senate approved a sweeping tax cut and spending bill. Discover how this move could reshape your wallet, global markets, and travel budgets as it heads to the House.
Tariffs Cloud US Economy: Fed’s Beige Book Signals Slowdown
The Fed’s Beige Book signals a dip in US economic activity amid rising tariff-driven uncertainty, sending ripple effects across global markets and reshaping business strategies.
Tariff Toll: Americans Cut Summer Spending Plans
New surveys show Americans are trimming summer spending amid rising trade tariffs, with 2 in 3 planning to cut back as economic uncertainty grows.
US Small Businesses Sound the Alarm on Trade Tariffs
A CNBC survey reveals 66% of US small business owners feel the pinch of trade tariffs, with most fearing a recession and rating the economy poorly.