The Latest Breaking News from the Federal Reserve

It’s hard to say if the president truly knows what he’s doing. But there is a precedent for the US causing short-term chaos and reaping long-term gain, says economist James Meadway

When U.S. President Donald Trump imposed sweeping new tariffs on imported goods on April 2, 2025 – upending global trade and sending markets into a tailspin – he presented the move as a response to a crisis. In an executive order released the same day, the White House said the…

June S&P 500 E-Mini futures (ESM25) are down -3.29%, and June Nasdaq 100 E-Mini futures (NQM25) are down -3.81% this morning as worries over the economic fallout of U.S. President Donald Trump’s sweeping tariffs continue to weigh on sentiment.

“I don’t know why Trump didn’t learn the lesson of the Smoot-Hawley tariff,” he said.

New hiring data from the US, set to be released on Friday, will likely be positive. Even so, economists warn of risks ahead from tariffs, DOGE, and restrictions on migration.

Some finance chiefs are taking precautionary actions.

President of the Richmond Fed Tom Barkin hinted that confidence the FOMC needs to cut rates further has been hindered by President Trump’s tariff policy.

Musk also says a Magic-8 ball would win in a competition with the Federal Reserve board over interest rates

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Moody’s added to the growing list of U.S. debt warnings in a report that sounded the alarm on the deteriorating fiscal situation.

An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt