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Today — 15 November 2024Main stream

Fed Chair Jerome Powell Says No Need to ‘Hurry’ to Cut Rates

✇NYT | Top Stories
By: Jeanna Smialek
15 November 2024 at 04:00
A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank chair said.

© Will Oliver/EPA, via Shutterstock

Jerome Powell, chair of the Federal Reserve, said moderating inflation and a strong economy can allow the central bank to take its time in reducing borrowing costs.
Yesterday — 14 November 2024Main stream

Why the Dollar Keeps Getting Stronger

✇NYT | Top Stories
By: Joe Rennison
14 November 2024 at 18:04
President-elect Donald J. Trump often says he prefers a weaker dollar, but economists and investors think his proposed policies will have the opposite effect.

© Andrew Kelly/Reuters

The dollar index is almost 3 percent higher than it was before the election.

How Trump’s Immigration Plans Could Affect the Economy

✇NYT | Top Stories
By: Lydia DePillis
14 November 2024 at 00:24
Expelling noncitizens on a mass scale is likely to raise prices on goods and services and lower employment rates for U.S. workers, many economists say.

© Paul Ratje for The New York Times

Senator JD Vance in an appearance at the U.S.-Mexico border in Arizona during his vice-presidential campaign in August. He has said all 11 million undocumented immigrants should prepare to leave.
Before yesterdayMain stream

U.S. Inflation Ticks Up to 2.6% in October, as Fed Considers Rate Cut

✇NYT | Top Stories
By: Jeanna Smialek
14 November 2024 at 03:07
Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.

© Philip Cheung for The New York Times

While the latest inflation data was in line with what forecasters had expected, that was in part because apparel prices dropped sharply, a likely one-off.

Republicans and Democrats Highly Divided in Economic Outlook Under Trump

✇NYT | Top Stories
By: Ben Casselman
13 November 2024 at 21:10
Consumer sentiment among Republicans has soared to its highest point since Donald J. Trump left the White House, while declining among Democrats.

© Louise Johns for The New York Times

A Republican election watch party in Bozeman, Mont. Since Election Day, consumer sentiment among Republicans has soared nearly 30 percent, according to Morning Consult.

Mexico Signals It Could Hit Back With Tariffs at U.S.

✇NYT | Top Stories
By: Simon Romero and Emiliano Rodríguez Mega
13 November 2024 at 03:01
Could a tariff war erupt between the United States and Mexico? A top Mexican official said his country might retaliate if the Trump administration placed steep tariffs on Mexico.

© Luis Torres/EPA, via Shutterstock

Trucks waiting in April in Ciudad Juárez, Mexico, to cross into the United States.

Why Trump’s Victory Is Fueling a Market Frenzy

✇NYT | Top Stories
By: Talmon Joseph Smith
13 November 2024 at 05:20
Investors have been comforted by a clear election result and are anticipating tax cuts and deregulation from a second Trump administration.

© Justin Lane/EPA, via Shutterstock

Since Donald J. Trump’s election victory, stock prices for perceived corporate winners have snapped higher.

Another Jolt of Uncertainty for a Global Economy Mired in It

✇NYT | China
By: Patricia Cohen
7 November 2024 at 01:08
The U.S. presidential election result has ensured a sharp turn in economic policy expected to upend global commerce and diverge from decades of American norms.
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