Scott Horsley
Stories
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The Fed is likely to hold interest rates steady despite intense pressure from Trump
The Federal Reserve is expected to leave its benchmark interest rate unchanged, but a rate cut is possible in September. President Trump has been urging the central bank to lower borrowing costs.
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Tariff revenue is substantial. But what do they mean for back-to-school shopping?
President Trump boasted this week that his tariffs are raising "a fortune" for the U.S. government. Tariffs could also raise prices for the back-to-school and Christmas shopping seasons.
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Inflation picks up in June as Trump's tariffs start to impact prices
President Trump's tariffs are starting to show up in the prices that consumers pay. That contributed to an uptick in inflation last month and will make the Fed cautious about cutting interest rates.
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Inflation heats up as President Trump's tariffs start to bite
Consumer prices were up 2.7% from a year ago — a larger annual increase than the month before.
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Why the Federal Reserve's building renovations are attracting the White House's ire
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'Panicking': Why recent college grads are struggling to find jobs
Recent college graduates are facing one of the most challenging job markets in years — with the exception of the pandemic period — even as the overall unemployment rate remains low.
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Confused about where things stand with Trump's tariffs? Here's a handy primer
President Trump has announced — but postponed the effective date for — higher tariffs once again. Here's what to know about the latest on his tariff policy.
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Stocks tumble after Trump posts letters to 14 countries threatening new tariffs
Stocks tumbled Monday after President Trump threatened to impose new import taxes on more than a dozen countries. Trump pushed back the effective date of those tariffs, however, until Aug. 1.
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How GOP lawmakers pulled off the megabill — and what it means for the American people
The House of Representatives has passed the One Big Beautiful Bill. The package extends existing temporary tax cuts, makes cuts to Medicaid and adds spending on border security and defense.
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The U.S. labor market remains solid, with employers adding 147,000 jobs last month
U.S. employers added 147,000 jobs in June as the unemployment rate dipped to 4.1%. Job gains were concentrated in health care and state and local government.
