News and Trends
Nearly 1 in 4 Americans over 50 are delaying retirement due to economic concerns, survey finds - CBS News--7.17.25
Older Americans are kicking the can down the road on retirement over concerns about the economy and their own financial readiness to step back from work. The majority of Americans nearly retirement age are unsure of whether they will have enough money to make it through retirement as they fret over inflation and general economy uncertainty. 
Trust in the US is eroding. The question isn’t if the dollar will lose supremacy – it’s when - The Guardian--7.16.25
The dollar's supremacy is facing growing resistance from multiple directions. As global trust in Washington's stewardship of the international financial order declines, the long-predicted transition to a multi-polar monetary world may finally be close.
Trump says he is not planning to fire Fed's Powell - Reuters--7.16.25
U.S. President Donald Trump said Wednesday he is not planning to fire Fed Chair Jerome Powell even as he unleashed a fresh round of criticism against the central bank chief and declined to completely reject the possibility of ousting him.
Trump says US will stick to 25% tariff on Japan, may have deal with India soon - Yahoo! Finance/Reuters--7.16.25
President Donald Trump said on Wednesday the U.S. will probably "live by the letter" on tariffs with Japan and may have another trade deal coming up with India. On July 7, Trump announced 25% tariffs on imports from Japan and South Korea, effective August 1. He also announced separate rates for a number of other countries.
Inflation shows biggest rise in five months, amid only scattered signs of tariff effects - Market Watch--7.15.25
Consumer prices in June posted the biggest increase since the beginning of the year and are likely to keep the Federal Reserve from cutting interest rates later this month, but there were only scattered signs of tariff-related inflation.
Rip-off America? From car rentals to coffee, inflation is rampant - The Times--7.14.25
Inflation, which began to rise sharply in 2021, has significantly increased the cost of just about everything. Overall, prices are about 26 percent higher than they were before the Covid pandemic. There is strong sense among American families that costs are becoming uncontrollable, hitting households of all income levels.
Trump announces 35% tariffs on Canada starting Aug. 1, warns of higher levies if Ottawa retaliates - CNBC--7.10.25
U.S. President Donald Trump has announced a 35% tariff on Canadian imports, starting Aug. 1. Trump cited fentanyl as a reason for the tariffs, while also complaining about Ottawa's retaliatory duties.
Fed considers changes to how it grades big banks - Reuters--7.10.25
The Federal Reserve on Thursday proposed tweaks to how it evaluates large banks by making it easier for them to be considered "well managed," by removing a hurdle for potential acquisition and other restrictions.
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