Tag: US economy

Trump Lifts Tariffs on 300,000 Tonnes of Ground Beef for 90 Days

President Trump will allow tariff-free imports of up to 300,000 metric tonnes of ground beef for 90 days to ease U.S. prices amid a shrinking cattle herd.

US National Debt Tops $40 Trillion, Doubling in a Decade

US public debt topped $40 trillion on Tuesday, the Treasury said, doubling over a decade as deficits, interest costs and spending climb.

Fed Officials Signal Rate Hike if Inflation Fails to Cool, Minutes Show

Federal Reserve minutes from the July meeting show officials divided on inflation, with growing support for raising interest rates if price pressures persi

US Retail Sales Fall 0.6% in July as Tax-Refund Boost Fades

U.S. retail sales fell 0.6% in July, the biggest drop since May 2025, as tax-refund spending faded and shoppers cut back on electronics and online purchase

US Wholesale Prices Flatten in July as Gas and Food Costs Fall

U.S. wholesale prices were flat in July, below expectations, as gas and food costs fell and annual producer inflation slowed to 4.7%.

US Inflation Eases to 3.4% in July Despite Energy Price Shocks

US consumer inflation slowed to 3.4% in July 2026 despite energy price shocks, though costs for essentials remain elevated as the Fed weighs its next move.

US Credit Card Debt Climbs to $1.26 Trillion, Nearing Record

US credit card balances rose to $1.26 trillion in Q2 2026, nearing last year's record high of $1.28 trillion, a New York Fed report shows.

US Mortgage Rates Stop Rising, Nudging Homebuyer Demand Back

US mortgage rates eased slightly this week, halting a run of increases and drawing modest homebuyer and refinance demand back into a subdued market.

Reports Link U.S. Immigration Crackdown to Rising Prices and Legal Disputes Over Minors

A new report links the Trump administration's deportation agenda to rising prices, while a federal lawsuit contests the removal of unaccompanied minors.

U.S. Economy Slows to 1.5% Growth in Second Quarter as Inflation Stays Above Fed Target

The U.S. economy slowed to 1.5% growth in the second quarter as imports weighed on output, while inflation eased slightly but remained above the Fed's 2% t

New Trump Tariffs Face Legal Challenge Hours After Taking Effect Amid Economic Doubts

New Trump tariffs on Brazil and Canada face a lawsuit hours after taking effect, as legal experts and economists question whether the measures will hold up

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