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Consumers couldn't turn frowns upside-down for long
The Conference Board’s consumer confidence index dropped in June. That’s after a brief reprive in May from a monthslong downward slide. Uncertainty s…
9 months, 4 weeks ago
Despite Iran conflict, U.S. oil production is unlikely to budge
After launching air strikes on Iranian unclear facilities over the weekend, President Trump posted to Truth Social, demanding that U.S. oil firms “dr…
10 months ago
Auto repair shops struggle under Trump's tariffs
In the “tariffs the Trump administration has announced and actually put into long-term effect” category? A 25% tax on some automotive parts. In this …
10 months ago
Home sales grow less competitive
This spring, just 28% of U.S. homes sold above asking price, according to Redfin. That’s the lowest spring rate since 2020. The trend toward selling …
10 months ago
Break glass in case of oil price shock
The Fed kept interest rates as-is today, and Chair Powell said policymakers are “well-positioned to wait” before making another move. But what if oil…
10 months ago
Food banks tackle summer break hunger
This is a busy time for food banks — without school breakfast and lunch programs, more families lean on them. But between millions of dollars slashed…
10 months ago
The Fed's got an interest rate decision to make
The Federal Open Market Committee meets later this week, and it’s pretty likely they’ll examine why tariffs didn’t drive inflation up in May. The goo…
10 months, 1 week ago
Shipping costs are up. Thank Trump's seesawing trade policy.
When President Trump slapped sky-high tariffs on goods from China, exporters rerouted ships elsewhere. Now that those tariffs are on pause, shipping …
10 months, 1 week ago
No, the Fed should not stop paying interest on reserves
You might’ve missed it amid all the Congressional budget hoopla, but Senator Ted Cruz recently floated ending Federal Reserve interest payments, clai…
10 months, 1 week ago
Tariff-driven price bloat hasn't arrived just yet
Prices rose 0.1% in May, according to the latest consumer price index — that’s less than some analysts anticipated. It seems tariffs haven’t quite hi…
10 months, 1 week ago