It'll take time for Trump's tariffs to be implemented, but goods could still start getting more expensive in the meantime.
As Trump is set to take office, he'll be inheriting a troublesome housing market where affordability continues to erode for millions of Americans.
The U.S. Federal Reserve will hold interest rates steady on Jan. 29 and resume cutting in March, according to a slim majority of economists polled by Reuters, as policymakers digest an expected barrage of new economic policies from Washington.
The incoming president is set to inherit three months of rising inflation from his predecessor, the Consumer Price Index shows.
Donald Trump will enter office with big plans to make his 2017 tax cuts permanent, solve a generational migration crisis, beef up the U.S. military to face down a rising China and to remake world trade through tariffs and combative negotiation.
Many U.S. adults are skeptical about President-elect Donald Trump's ability to bring down costs. An Associated Press-NORC Center for Public Affairs Research poll shows only about 2 in 10 Americans are
Donald Trump's economic plans risk reigniting US inflation, International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas told AFP, a few days before the president-elect returns to the White House.
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.
Trump’s economic policies—such as tax cuts, deregulation, and restrictions on immigration—could drive inflation higher in the short term.
President-elect Donald Trump has yet to take office, but his influence already is rippling through state capitols.