Without offsetting spending cuts, president Donald Trump’s tax cut proposals will subtract somewhere between $5 trillion to $11.2 trillion from federal revenue through 2035, the private, nonpartisan Committee for a Responsible Federal Budget (CRFB) has calculated.
Early this month, U.S. consumers’ sentiment fell to its lowest point since August as more Americans expect inflation to rise again because they believe Donald Trump’s tariffs will jack up retail prices.
The U.S. economy created 143,000 nonfarm jobs last month, less than half of the 307,000 created in December, according to the Bureau of Labor Statistics’ upwardly revised December figure.
Two of our Top Trends for 2025 were the Trump Card and The Wild Card. And here we are, just a few weeks later and both cards have been dealt... and they will keep being played.
As we had forecast, with Donald Trump winning the race to the White House and promising to cut corporate taxes and lower interest rates, M&A activity will accelerate. Here are the latest deals… FRONTIER TRIES AGAIN TO BUY SPIRIT AIRLINES Spirit Airlines has spurned a $2.1-billion cash-and-stock offer from Frontier Airlines, saying the offer was......
At its meeting last week, the U.S. Federal Reserve’s Open Market Committee decided to hold its interest rates at their current levels amid a strong economy and labor market and inflation that refuses to surrender to the bank’s 2-percent target rate.
n November, the average selling price of a U.S. home was 3.6 percent higher than in October, according to the S&P CoreLogic Case-Shiller National Home Price Index, due in significant part to a flurry of sales in New York City.
Consumers’ view of the present and future economy fell more than economists expected last month, according to a January survey by the Conference Board (CB).
U.S. GDP expanded by 2.8 percent last year, the Commerce Department reported. The growth was smaller than 2023’s 3.2 percent but compared to much of the world, the U.S. economic growth is doing better than most.
As we detail in this and previous Trends Journals, with the exception of the United States, most developed and underdeveloped nation’s economies are sluggish and/or in Dragflation: declining economic growth and rising inflation.