Concerns about inflation have been pegged as a major catalyst for big swings in longer Treasury yields in recent months. The 10-year Treasury yield hit a peak of 4.8% recently, but has since eased back to about 4.
Trump and his GOP allies are readying an ambitious agenda that includes increased deportations of immigrants, higher tariffs on imported goods from Mexico, Canada and China, as well as extending some of the 2017 tax cuts that are set to expire at the end of the year.
Some lawmakers want to see the cap on deductions for state and local taxes or the child tax credit indexed or at least adjusted for inflation.
As they gather this week at President Donald Trump's Miami resort, House Republicans face a host of tough decisions.
President Donald Trump may want lower interest rates, but the Federal Reserve will almost certainly keep its benchmark interest rate unchanged at its two-day policy meeting that ends Wednesday.
Despite all the discussion of spending cuts under the new unified GOP control in Washington, two words that President Trump did not utter even
Scott Bessent on Monday secured confirmation to lead the Department of the Treasury, putting President Trump’s top economic nominee in place ahead of a daunting GOP push to enact Trump’s
Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office.
Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans’ anger over immigration and inflation, specifically the ri
Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans’ anger over immigration and inflation, specifically the rising cost of groceries.
Trump is banking on voters giving him a pass and continuing to blame former President Joe Biden for high prices. The Republican’s comments reflect the reality that presidents have almost no levers to reduce inflation quickly without causing collateral damage to other parts of the economy.