Chair says that inflation and unemployment risk have risen, but more observation is needed. The Federal Reserve decided to keep interest rates at a range of 4.25 percent…
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President Trump Announces Trade Deal with United Kingdom
This is the first trade pact after he paused reciprocal tariffs last month. President Donald Trump announced the U.S. has reached a trade deal with the United Kingdom,…
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U.S. Officials to Meet with Chinese Trade Representatives in Switzerland
Secretary Bessent says the priority will be to deescalate the retaliatory tariffs. U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer announced that they will travel…
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April Employment Numbers Exceed Estimates
Nonfarm jobs were higher than expected even as the federal government downsized. The Bureau of Labor Statistics (BLS) reported an increase of 177,000 nonfarm jobs during April. This…
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Treasury Secretary Responds to Economic Forecast Downgrade
He said the IMF is “failing to critique the countries that need it most.” Treasury Secretary Scott Bessent spoke to the Institute of International Finance this past week,…
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Vice President Reports Progress on Trade Agreement with India
He stated his belief that “the future of the 21st century is going to be determined by the strength of the US-India partnership.” Vice President JD Vance announced…
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DHL Halts Consumer Shipments to U.S. Worth Over $800 Due to Tariffs
The service says the updated customs declaration policy is causing “multi-day transit delays.” International shipping service DHL announced that it will be pausing shipments from foreign businesses to…
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President Orders Easing PRIMNM Fishing Prohibition
He also signed an executive order to assess the federal regulations imposed on the commercial fishing industry. President Donald Trump signed an executive order last week intended to…
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President Announces Ukraine Rare Earth Minerals Agreement
The Ukrainian economic minister also indicated progress and intention to sign the mineral deal. President Trump’s administration recently reduced its estimate of U.S. aid for Ukraine from $300…
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China Pauses All Exports of Rare Earth Minerals
President Trump continues to look into alternate sources, including domestic production of minerals. China recently halted its exports of rare earth minerals after the tariff escalation with President…
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