How Fed Rates Influence Mortgages, Credit Cards, Savings and More
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year. And with…
Trump’s Tariffs Scramble Fed’s Interest Rate Calculus
The Federal Reserve’s efforts to orchestrate a “soft landing” for the United States economy are facing a torrent of uncertainty as the central bank makes its first decision of the…
Opinion | In Trump’s Economy, Trump Gets to Pick the Winners and Losers
Until last week, the controversy over TikTok, the Chinese-owned video sharing app, concerned questions of national security and censorship. But on Jan. 20, when President Trump signed an executive order…
Transportation Secretary Seeks Rollback of Biden’s Fuel Economy Standards
The newly confirmed transportation secretary, Sean Duffy, signed an order on Tuesday seeking to roll back key fuel economy standards set by President Joseph R. Biden Jr. The order is…
The Fed Is About to Hit Pause on Rate Cuts. Here’s Why.
At the Federal Reserve’s final gathering of 2024, Chair Jerome H. Powell announced that the U.S. central bank was embarking on a “new phase” in how it would set interest…
The Fed Is About to Hit Pause on Rate Cuts. Here’s Why.
At the Federal Reserve’s final gathering of 2024, Chair Jerome H. Powell announced that the U.S. central bank was embarking on a “new phase” in how it would set interest…
Senate Confirms Scott Bessent as Treasury Secretary
The Senate on Monday voted 68 to 29 to confirm Scott Bessent to be President Trump’s Treasury secretary, putting in place the new administration’s top economic official who will steer…
Existing-Home Sales in 2024 Were Slowest in Decades Amid High Mortgage Rates
High interest rates kept U.S. home sales in a deep freeze for much of last year. It could be a while before the market experiences much of a thaw. Americans…
Trump’s Inflation Fix Centers on Energy Emergency That Doesn’t Exist
President Trump has put unleashing American energy production at the center of his economic agenda, saying that ramping up fossil fuel production will lower inflation and end a cost of…
Trump’s Retreat From Clean Energy Puts the U.S. Out of Step With the World
President Trump’s repudiation of renewable-energy technologies stands to make the United States an outlier in the world. Many of its large-economy peers are choosing a different path. Even as coal,…