Economy & Markets — Archive
Fed policy, inflation, jobs, market trends, and fiscal analysis
Tariff Increases Reshape Prom Dress Market as Retailers Navigate Surging Costs
Effective tariff rates on special-occasion dresses range from 17% to 34%, with industry leaders warning families will face higher prices during peak prom season.
Johnson Quashes Farm Bill Rebellion to Pass Budget Blueprint for Reconciliation 2.0
The narrow 215-211-1 party-line vote brings Congress one step closer to ending DHS's record 10-week shutdown, though funding deadlines loom by early May.
White House Puts Whitmer on Notice About Who Is Actually Delivering on US Manufacturing Jobs
A $43.4 million Adrian Steel expansion in Michigan highlights the political tension over tariff policy and state-level economic incentives.
Federal Agents Execute Search Warrants in Minnesota Fraud Investigation of Childcare Programs
The searches target publicly funded social programs as the Trump administration investigates up to $9 billion in potential fraud tied to Minnesota-run initiatives since 2018.
UAE Departure from OPEC Adds to Oil Market Uncertainty Amid Strait of Hormuz Disruptions
The announcement comes as the critical shipping chokepoint remains largely blocked, cutting off roughly 20 percent of global oil and gas supplies.
Powell Could Remain at Fed Despite Looming End of Chair Term
While his chairmanship ends May 15, Powell's underlying governor term runs through 2028, potentially allowing him to stay under a Trump administration.
Judge Rules That Fired Prosecutor Maurene Comey's Lawsuit Belongs in Federal Court
U.S. District Judge Jesse Furman rejected the government's effort to move the wrongful termination case to administrative proceedings, saying the constitutional reason cited for her firing takes it outside standard federal employee dispute channels.
Vance Pushes Back on Stockpile Concerns as US Races to Boost Missile Production
The Pentagon is working to address a shortfall between battlefield usage and industrial capacity, with some critical munitions taking years or decades to replenish at current production rates.
McMahon Faces Senate Questions on Trump Budget Plan for Shuttered Education Department
The administration is requesting $76.5 billion for fiscal 2027, a $2.3 billion decrease from current levels as most department functions have been transferred to other agencies.
Sen. Thom Tillis Drops Blockade of Kevin Warsh's Nomination to Lead Federal Reserve
The North Carolina Republican said he received assurances from the Justice Department that it would not use investigations as a weapon against Fed independence.