Economy-kmnewsmedia

Treasury Secretary Bessent says more Fed rate cuts are ‘only ingredient missing’ for stronger economy

webadmin 2026-01-09

U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. A...

Trade deficit in October hits smallest since 2009 after Trump’s tariff moves

webadmin 2026-01-09

Maersk and HMM container ships at the Port of Los Angeles in Los Angeles, California, US, on Wednesday, Sept. 24, 2025. Eric Thayer | Bloomberg | Getty Images The U.S. trade deficit six mo...

Layoff pace in December hit lowest level since mid-2024, Challenger says

webadmin 2026-01-09

Business representatives staff a table at a career fair in Harlem hosted by Assemblymember Jordan Wright on Dec. 10, 2025, in New York City. Spencer Platt | Getty Images Announced layoffs ...

Economist Mark Zandi sees the Fed surprising with three rate cuts in first half of 2026

webadmin 2026-01-08

Labor market weakness, uncertainty about inflation and political pressure will push the Federal Reserve to lower interest rates aggressively in the early part of 2026, according to Mark ...

AAA says a gallon hits 4-year low as holiday travel starts

webadmin 2026-01-07

Customers at the GasWay Xpress Mart at 1120 Erie Blvd. pump gas on Wednesday, Dec. 3, 2025, in Schenectady, N.Y. Lori Van Buren | Albany Times Union | Hearst Newspapers | Getty Images Holi...

Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation

webadmin 2026-01-01

Thursday saw the release of a much lighter-than-expected consumer price report for November, breaking from the recent trend of sticky inflation. Stocks jumped. Yields fell. Odds of a Fed...