Category: United States Economy

Earnings Fall Short at Bank of America, Citi, JPMorgan and Wells Fargo

This week, Bank of America, Citi, JPMorgan and Wells Fargo released fraught earnings reports as President Trump’s threatened cap on credit card rates loomed large.
Food Prices Keep Climbing, Rattling Consumers and Trump

Weather, supply, tariffs, labor and changing consumer habits continue to drive up the cost of groceries. President Trump falsely claims prices are falling.
Banks Ready Battle Plans to Save Their Credit Card Businesses

“Everything’s on the table,” an executive at JPMorgan Chase said, as the industry seeks to head off President Trump’s effort to cap interest rates.
Trump Credits ‘Mister Tariff’ for the Country’s Strength. Economists Beg to Differ.

Many indicators appear to suggest that the United States is growing despite tariffs, not because of them.
In a Risky Gambit, Trump Tries Brute Force to Lower Prices

To assuage cost-weary voters and combat inflation, the president has resorted to a mix of threats and punishments, targeting companies and policymakers alike.
What to know about the report.
Inflation Ended 2025 on Subdued Note

Surging grocery prices were offset by lower increases for appliances and vehicles in the last such report before the Federal Reserve meets to debate interest rates.
Facing Political Pressure, Trump Seeks Answer to Rising Housing Costs

White House officials have explored a vast array of ideas as the president looks to unfurl a housing affordability plan at an economic conference this month.
Why China Is Suddenly Obsessed With American Poverty

State media, embracing the gaming phrase “kill line,” is asserting China’s political superiority over the United States, deflecting focus on China’s own economic challenges.
Top Fed Official Conveys Little Urgency for Immediate Rate Cuts

The Federal Reserve is likely to hold interest rates steady when it meets at the end of the month, keeping tensions high with President Trump.
Trump’s Feel-My-Pain Economic Message

The president appears skeptical about Americans’ concerns. How will voters respond?
Fed Changes Course and Takes On Trump’s Political Fight

The Justice Department’s decision to open up a criminal investigation of Jerome H. Powell, the chair of the Federal Reserve, is a major escalation in the pressure campaign against the central bank to cut interest rates.