74 stories
May 15, 2026 — After eight years leading the Federal Reserve through pandemic shocks, record inflation and political pressure, Jerome Powell leaves a tenure that many economists say will be defined less by any single...
By Megan Cerullo — Updated May 14, 2026 Businesses around the United States began receiving federal refunds this week for tariffs President Trump imposed under the International Emergency Economic Powers Act (IEEPA) in...
An upcoming inflation report will provide a new read on consumer prices as higher fuel costs tied to the Iran conflict push up gasoline, airfares and other expenses.
The Consumer Price Index is widely expected to show inflation rising to a nearly three-year high when April’s data is released Tuesday morning. A Dow Jones survey of economists projects annual inflation of about 3.8%...
May 8, 2026 — Bank of America now expects the Federal Reserve will hold off on cutting interest rates until the second half of 2027, citing persistent inflation and surprisingly strong job growth.
By Jacob Rosen and Faris Tanyos | Updated May 7, 2026 A federal trade court on Thursday found President Trump's most recent round of global 10% tariffs unlawful, siding with a coalition of 24 states and several...
May 5, 2026 — The United States’ publicly held national debt has just exceeded the nation’s annual economic output for the first time since World War II, marking a notable shift in the country’s fiscal picture. Debt...
Sixty-one days into the war with Iran, gasoline prices keep climbing. The national average for a gallon of regular is $4.43 — up $0.35 this week and $1.45 since the conflict began. The Midwest has felt the sharpest...
Updated April 29, 2026 President Trump is extending a temporary waiver of the Jones Act for 90 days beginning at 12 a.m. ET on May 18, the White House said, aiming to help reduce fuel prices as the war in Iran continues...
Updated April 29, 2026 — Federal Reserve Chair Jerome Powell said Wednesday he will remain on the Fed’s Board of Governors after his term as chair ends in May, a decision he announced as the central bank left its...
Speaking at his final press conference, Federal Reserve Chair Jerome Powell described leading the central bank as "a privilege." The remarks followed the Fed's announcement to keep interest rates unchanged for a third...
Oil prices climbed as diplomacy between Washington and Tehran faltered, leaving the Strait of Hormuz constrained and markets anxious about a wider regional escalation. An impasse over shipping access and Iran’s nuclear...
