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U.S. Economy

Wharton’s Jeremy Siegel says stock sell-off is ‘healthy’ as cautious Fed gives investors a ‘reality check’

The stock sell-off on Wall Street was "healthy," as the Federal Reserve's cautionary projection on future rate cuts gives investors a "reality check," according...

Watch Fed Chair Powell live as central bank’s interest rate outlook disappoints market

Consumers are feeling the effects of higher prices, not higher inflation, Powell saysPowell thinks that consumers are feeling the effect of high prices, rather...

What Trump’s pick for Treasury secretary could mean for global markets

Scott Bessent speaks at the National Conservative Conference in Washington D.C., Wednesday, July 10, 2024.Dominic Gwinn | Afp | Getty ImagesFinancial markets on Monday...

Fed meeting recap: Powell ‘feeling good’ about economy, says Trump can’t legally fire him

U.S. fiscal policy is 'on an unsustainable path,' says Powell The rising U.S. deficit and overall fiscal policy remain headwinds to the economy, Federal...

What Trump’s historic election victory means for the global economy

A worker is making textile export orders at a production workshop of a textile enterprise in Binzhou, China, on July 8, 2024.Nurphoto | Nurphoto...

German finance minister warns of retaliation if U.S. kicks off trade war

Christian Lindner, Germany's finance minister, during a meeting Janet Yellen, US treasury secretary, not pictured, at the annual meetings of the IMF and World...

10-year Treasury yield tops 4.2% briefly

The U.S. 10-year Treasury yield continued its gains on Tuesday after Federal Reserve officials urged caution on the path of interest rate cuts.After jumping 12...

Treasury yields rise as investors weigh economic, geopolitical outlook

Treasury yields were last higher on Wednesday as investors weighed the state of the U.S. economy and considered the latest developments in the Middle...

Massive port strike could have ‘devastating consequences’ for consumers, expert says

Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in Miami, Florida. Giorgio Viera |...

Port strike fallout: Blockbuster weight-loss drug supply from Wegovy to Ozempic, Mounjaro, Zepbound caught up in East Coast trade shutdown

An Eli Lilly & Co. Zepbound injection pen, March 28, 2024.Bloomberg | Bloomberg | Getty ImagesAs a port strike stretching from New England to...

A historic strike is underway at U.S. ports — and the impact on global supply chains could be huge

A container ship departs the Port of Newark for the Atlantic Ocean on September 30, 2024 seen from New York City.Spencer Platt | Getty...

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