News

Fed leaves key rate unchanged as it awaits tariffs’ impact; Trump refers to Fed Chair Powell as ‘stupid’
The Federal Reserve kept its key rate unchanged Wednesday as it waits for additional information on how tariffs and other ...
US-Canada deal prospect offers hope but inflation a worry if tariffs remain, says BoC
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
‘Trump’s going to lose his mind’: Fed chair tells truth about tariffs
Federal Reserve Chair Jerome Powell set talk about President Donald Trump’s tariffs straight on Wednesday after the central bank kept interest rates steady as officials expect higher inflation and ...
Where’s the Inflation From Tariffs? Just Wait, Economists Say.
But in the price-tracking data, the evidence is much more uneven. April’s inflation reports — measuring consumer and producer ...
Fed’s Powell says he expects to see more tariff-driven price hikes in coming months
"Ultimately, the cost of the tariff has to be paid, and some of it will fall on the end consumer," Powell told a news ...
Yellen expects Trump's tariffs will hike inflation to 3% year over year
Former Treasury Secretary Janet Yellen predicts President Donald Trump’s tariffs will cause prices to rise and average ...
Inflation ticked slightly higher in May amid Trump tariffs
Inflation ticked slightly higher in May, rising 2.4%, in line with expectations, according to the U.S. Consumer Price Index ...
Inflation is bucking tariff fears, but the Fed likely won’t cut rates, as Trump wants. Here’s why
The U.S. economy has been full of surprises since the Federal Reserve started rapidly raising interest rates to quell ...
Are Trump’s tariffs keeping Utahns from making big purchases? Here’s what a new poll found
Trump's tariffs are affecting Utahns' spending on homes and other major purchases, new Deseret News/Hinckley Institute of ...
US inflation rises 2.4% — and Trump tariffs still haven’t sparked major price hikes
US inflation rose in line with forecasts in May, although so-called “core inflation” came in lower than expected as the ...
US stock futures higher ahead of Fed interest rate announcement
The Fed is expected to hold rates steady as it continues to observe the effects of President Donald Trump's tariffs.