U.S. Economy

Sen. Elizabeth Warren pushes Fed Chair Powell to cut ‘astronomical’ rates, ease housing pressure

Sen. Elizabeth Warren, D-Mass., and three other Democratic lawmakers are pushing Federal Reserve Chairman Jerome Powell to lower interest rates…

Workers are sour on the job market — but it may not be warranted

Workers are sour on the job market — but that pessimism may be somewhat misplaced. The Glassdoor Employee Confidence Index…

FTC fines Kubota $2 million in largest ever ‘Made in the USA’ penalty

WASHINGTON — The Federal Trade Commission on Friday announced that it fined Kubota, one of the world’s largest tractor manufacturing…

Treasury chief Yellen touts GDP numbers as a boon to the middle class

WASHINGTON — Treasury Secretary Janet Yellen praised the positive economic growth numbers on Thursday as a benefit for the middle…

Thursday’s GDP report expected to show the U.S. economy at a crossroads

Economic growth likely slowed to its weakest pace in a year and a half to end 2023, possibly setting the…

Markets ‘complacent’ about the risks of a Trump win, strategist says

Markets are “fairly complacent” about the risks of a second Donald Trump presidency, which could trigger a “tantrum” in long-duration…

Yellen to step up campaign touting Biden’s economic record

The Biden administration is dispatching U.S. Treasury Secretary Janet Yellen to Chicago and Milwaukee this week as part of a…

Why that ‘last mile’ of the inflation fight may be more challenging

Inflation in the U.S. economy is on the retreat. But the road to ultimate victory may be harder than what’s…

Trump’s proposed 10% tariff plan would ‘shake up every asset class,’ strategist says

Markets need to begin thinking about the structural impact of Donald Trump’s proposed 10% tariff increase, which “shakes up every…

No ‘economic collapse’: Top Citi strategist says healthier economic growth is coming

The global economy does not need a “collapse” in order to bring inflation back to target and return to sustainable…