Hey there! You might be hoping for lower borrowing costs for stuff like homes and cars. But bad news! The Federal Reserve, the folks who control interest rates, is probably going to slow down how quickly they cut rates next year. They're meeting this week and are likely to reduce their benchmark rat
President-elect Donald Trump promised to lower grocery prices during his campaign for the 2024 election. He believed this would be a quick and easy task. However, in a recent interview with Time magazine, he admitted that this might be more challenging than he initially thought. Trump's plan involve
As the clock strikes midnight on January 1, 2025, the incoming Trump administration is set to shake up the economic landscape. Inflation, which has been gradually decreasing, is still a major concern. The Federal Reserve has begun cutting interest rates, but the question remains: will inflation stic
In his first network TV interview since winning the election, President-elect Donald Trump sat down with NBC News' Kristen Welker. He discussed various topics, including his plans for Dreamers, abortion medication, and the Fed Chair. Trump's measured tone didn't last long. He quickly shifted to sugg
Chipotle recently announced a 2% increase in menu prices across the country. This decision comes as a response to higher costs of key ingredients like dairy, beef, and avocados. The move aims to counter the effects of inflation, which has been especially tough on restaurants. Despite the price hike,
Federal Reserve Chair Jerome Powell will be speaking at the New York Times' DealBook conference today. This talk is happening just two weeks before the central bank announces its decision on interest rates. It’s also Powell’s last public appearance before that important meeting. Markets are expecti
Federal Reserve officials are planning to lower interest rates gradually. They think inflation is coming down and the job market is doing well. This means they can afford to cut rates slowly. The meeting notes said that if things stay as expected, with inflation going down and jobs staying strong, r
Imagine paying more for your favorite fruits, veggies, and even beer from south of the border. The U. S. imports a lot of its fresh produce from Mexico, which could reportedly face new tariffs under Trump. The bottom line? You might feel the pinch in your wallet while shopping. Mexico is a major su
Investors seem to be feeling more at ease with Donald Trump's choice for Treasury secretary. At 5:42 a. m. ET, the 10-year Treasury yield dropped by over 6 basis points to 4. 347%, while the 2-year yield fell by more than 2 basis points to 4. 348%. This change came as investors considered Trump's se
Rumble, a video platform with a conservative following, is making headlines for its bold new treasury strategy. The company recently announced that it'll allocate a portion of its excess cash to buy bitcoin, with a cap of $20 million. This move isn't surprising, given the growing interest in cryptoc
