Economy
Trump’s tariffs were meant to shrink the trade deficit— but the $106 billion gap just reached its widest since before ‘Liberation Day’
The U.S. trade deficit widened by 13.7% to $105.6 billion in August, the highest since March 2025's $140 billion, according to the Bureau of...
Economy
The new K-shaped economy splits the rich from the ultra-rich: The top 0.1% averages more than $200 million—and is pulling away from the rest...
The average household in the top 0.1% in the United States now holds approximately $204 million in wealth, or 7.7 times that of the...
Economy
Americans grow more pessimistic about their finances, New York Fed finds — expert warns of ‘tough choices’ ahead
The Federal Reserve Bank of New York released a survey on Wednesday showing that American consumers increasingly expect inflation to worsen in the year...
Economy
Fed’s minutes show no appetite for a series of interest-rate hikes
The minutes from the Federal Reserve's September policy meeting, released Wednesday, show that no official wanted to implement a series of interest rate hikes....
Economy
Fed officials see another hike coming, but no sign as to when, minutes show
Minutes from the Federal Reserve's September meeting show that most policymakers expect another interest rate hike before year-end to rein in inflation that has...
Economy
Job-hopping got workers an 18% raise in 2022. Now it’s 8%—and Gen Z is hurt the most
The American labor market has shifted dramatically. In 2022, job switchers saw their after-tax pay jump nearly 18%, compared with just 7% for those...
Economy
Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023
The New York Federal Reserve's monthly survey shows that one-year inflation expectations rose to 3.9% in September, up 0.3 percentage point from August and...
Economy
Treasury yields rise ahead of closely-watched 10-year auction and FOMC minutes
U.S. Treasury yields climbed early Wednesday after retreating in the previous session, as investors awaited a closely watched 10-year note auction and minutes from...