Progress reducing the rise in consumer prices has stalled, with recent data coming in hotter than expected. By pressuring the Federal Reserve, Trump could reignite inflation.
Here are five economic forces that could shape the first year of Trump's presidency: Whipping inflation is easier said than done.
President Trump at a rally in Las Vegas on Saturday promoted his "No Tax On Tips" proposal and talked about how the current tax system punishes workers in the food and beverage industry. "When I think of Biden,
Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump's threatened trade tariffs will cause a resurgence in global inflation, adding momentum to a recent rally in oil prices sparked by a tightening of sanctions on Russia.
The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.
Donald Trump vowed to slash grocery prices as soon as he took office, yet he has barely addressed the cost of food in the whirlwind of executive orders he signed in his first week.
Don't hold out hope for lower egg prices this year. In fact, you'll probably be paying more, according to predictions from the USDA.
In making the decision this week, Trump eliminated federal policy dating back to the Clinton-era, which had established a government priority of addressing environmental health problems for low-income and minority groups. He also withdrew the nation from the Paris Agreement aimed at combatting climate change.
Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans’ anger over immigration and inflation, specifically the rising cost of groceries.
Donald Trump’s address at the World Economic Forum showcased his familiar economic rhetoric. Yet, it could be argued that his speech was marked by economic misconceptions and exaggerations, Piero Cingari writes.
Don't hold out hope for lower egg prices this year. In fact, you'll probably be paying more, according to predictions from the USDA.