News and Trends
Door open for Fed to ease rates this year, minutes show - Market Watch--7.9.25
According to the minutes of the Fed's June 17-18 meeting, there was a general sense among most Fed officials that interest rates could be lowered by the end of the year. Even as the Fed's staff was more optimistic, it seemed that some officials were growing more worried about the job market. 
Trump sends more letters dictating high tariff rates around the world - CNBC--7.9.25
President Donald Trump sent letters dictating new U.S. tariff rates on at least seven more countries' imports. The new round of tariff letters comes two days after Trump first shared screenshots of letters telling 14 countries' leaders that their exports to the U.S. would face steep new tariffs starting Aug. 1.
House passes Trump's 'big, beautiful bill' as opponents flip - Yahoo! Finance--7.3.25
The House of Representatives has passed Trump's 'big, beautiful bill' after an all-night session on Capital Hill. White House Press Secretary Karoline Leavitt announced Thursday that Trump would sign the bill on Friday at 5pm EST at a White House ceremony.
The US dollar is on track for its worst year in modern history - Semafor--7.3.25
The U.S. dollar is on track for its worst year in modern history and may not be done falling yet. The greenback is down more than 7% this year and Morgan Stanley predicts it could fall another 10%.
US dollar suffers worst start to year since 1973 - Financial Times--6.30.25
The U.S. dollar is headed for its worst first half of the year since 1973, as Donald Trump's trade and economic policies prompt global investors to rethink their exposure to the currency. The dollar index has slumped more than 10 percent so far in 2025, the worst start to the year since the end of the gold-backed Bretton Woods system.
Fed holds key rate steady, still sees two more cuts this year - CNBC--6.18.25
The Federal Reserve on Wednesday kept interest rates steady amid expectations of higher inflation and lower economic growth ahead. Still, the FOMC expects to make two rate reductions later this year.
Social Security fund could run dry ahead of earlier forecast, trustees say - MSN--6.18.25
The trust funds for Social Security and Medicare will run out of money is less than a decade, according to a report released Wednesday. The programs' trustees warned that the funds' depletion date is significantly closer than predicted a year ago.
Retail sales fell 0.9% in May, worse than expected, as consumers pulled back - CNBC--6.17.25
Consumer spending pulled back sharply in May, weighed down by declining gas sales and looming unease over where the economy is heading. The decline followed a 0.1% loss in April and came at a time of unease over tariffs and geopolitical tensions.
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