The Congressional Budget Office (CBO) estimates that the Republican tax bill recently passed by the House would increase U.S. budget deficits by $2.42 trillion over the next decade. That projected rise in deficits results from roughly $3.67 trillion in reduced tax revenue, partially offset by about $1.25 trillion in spending cuts. Key provisions in the … Read more

President Trump has granted Mexico a 90-day reprieve from higher tariffs, maintaining existing rates for now to provide additional time for trade negotiations. At the same time, the administration reached a new agreement with South Korea that effectively subjects many Korean imports to a 15% tariff while exempting a range of U.S. exports from reciprocal … Read more

Americans are finding it increasingly difficult to handle unexpected expenses, according to a February survey by the New York Federal Reserve. Only 62.7% of respondents said they could come up with $2,000 within a month if necessary — the lowest share recorded since the Fed began tracking this measure in 2015. The problem is compounded … Read more

Guggenheim Partners’ Chief Investment Officer Anne Walsh outlined a clear and confident outlook for 2025, forecasting quarterly Federal Reserve rate cuts totaling 75–100 basis points. Her outlook stands in contrast to recent market expectations, which have pared back to just one or two cuts. Speaking at the World Economic Forum in Davos, Walsh also offered … Read more

The stock market is trading near record highs, but many Wall Street strategists are flagging potential hidden risks. While investors have largely celebrated the business-friendly stance of the current administration, concerns are growing about the possible economic consequences of proposed tariffs. One major worry is the president’s threat to impose 25% tariffs on imports from … Read more

The dollar showed signs of recovery Wednesday after President Trump said he has “no intention” of firing Federal Reserve Chair Jerome Powell. His comment helped ease concerns about the Fed’s independence and reduced immediate market anxiety over potential political interference. In addition, both President Trump and Treasury Secretary Janet Yellen hinted at the possibility of … Read more

Spot gold prices rose modestly as traders looked for buying opportunities following Tuesday’s pullback, while markets awaited the Federal Reserve’s upcoming meeting minutes. Investors are parsing the minutes for clues about the Fed’s view on inflation, interest-rate policy and the timing of future moves, which can sway demand for non-interest-bearing assets such as gold. Year … Read more

Federal Reserve Chair Jerome Powell suggested at the Jackson Hole symposium that a reduction in interest rates could be possible as soon as September, saying the economic outlook “may warrant” a change in policy direction. Powell noted that inflation risks remain “tilted to the upside,” partly because of ongoing tariff-related pressures, but he also highlighted … Read more

Silver surged sharply toward 14-year highs after Federal Reserve Chair Jerome Powell delivered a notably dovish message at the Jackson Hole symposium, prompting a broad sell-off in the U.S. dollar and a sizable shift in expectations for rate cuts. The market reaction was immediate: investors quickly priced in an increased likelihood of monetary easing, and … Read more

Bank of America’s latest poll reveals that investor sentiment has plunged to its lowest level in three decades, with 82% of surveyed fund managers anticipating a weakening economic and market environment. That pessimism has driven a rapid reallocation of assets. In just two months, fund managers swung from a 17% overweight stance on US equities … Read more