Trump has promised to cut regulations, impose sweeping tariffs, overhaul energy policy and lower interest rates. But not all of those measures will bring down inflation.
Progress reducing the rise in consumer prices has stalled, with recent data coming in hotter than expected. By pressuring the Federal Reserve, Trump could reignite inflation.
Trump will probably seek to ease inflation and lower prices by drilling for more oil, loosening regulations, reducing federal spending, experts say.
Giant U.S. asset managers overseeing well over $20 trillion are anticipating continued price pressures because of President Donald Trump's immigration and trade policies, a scenario that will likely keep threatening the bond market this year.
The Michigan Consumer Sentiment survey declined in January as the responses revealed a stark divide over how Americans feel about President Donald Trump’s economic proposals.
The memo signified Trump’s effort to swiftly address a historic post-pandemic spike in consumer prices. Inflation is a chief reason Americans said they disapproved of former President Joe Biden and voted for Trump over former Vice President Kamala Harris.
The Senate will vote today on John Ratcliffe's nomination to serve as director of the CIA. If senators approve his nomination, he will be the second member of Trump's team to be confirmed after Marco Rubio was sworn in as secretary of state earlier this week.
President-elect Donald Trump on Monday will sign a memorandum aimed at fighting inflation after he takes office that calls for an "all of government" response to bring down costs for Americans, an incoming White House official said.
Defense programs, particularly shipbuilding, will experience high costs and delays if the administration's tariffs target crucial materials, analysts said.
Donald Trump is holding off on tariffs during his first day and placing a big bet that his executive actions can cut energy prices and tame inflation. But it's unclear whether his orders will be ...
Trump's second term faces economic challenges: inflation, trade tensions, immigration policies, and a wealth gap, despite job growth and low unemployment. Blame shifts between Trump and Biden amplify economic debates.