It could be telling us that price increases have peaked.
The consumer price index rose 4.2% in May, driven largely by energy costs that are up about 24% year over year.
FTZs used to allow manufacturers to import goods tariff-free and use those imports to manufacture products with lower tariff rates. The Trump administration removed that benefit last year.
The good news is the U.S. is exporting more oil because of the war. The bad news is the U.S. is exporting more oil because of the war.
The Trump administration is pushing for more companies to get banking charters, and fintech and crypto companies are taking them up on that.
A day after lowering tariffs on some agricultural and manufacturing machinery, the Trump administration is now proposing new tariffs on 60 countries.
On today’s show: former Fed chair remarks, a new wrinkle in the tariff refund process, and a tool that maps AI policy-making.
The Office of Personnel Management is proposing a strict new non-disclosure agreement for federal workers. We dig in.
KFF estimates a more than 20% decline, driven largely by the expiration of enhanced subsidies that made marketplace insurance affordable for millions.
The Fed hasn’t always been so transparent about how it makes interest rate decisions.
