President Donald Trump has appointed economist Stephen Miran to serve on the Federal Reserve Board of Governors.
Read More Trump appoints Stephen Miran to serve on Fed. Reserve Board following Kugler resignation
Tag: inflation
GOP Sen. Hawley proposes $600 rebate for Americans funded by tariff revenue
GOP Missouri Senator Josh Hawley introduced a bill on Monday that would provide $600 tariff rebates to Americans and dependent children.
Read More GOP Sen. Hawley proposes $600 rebate for Americans funded by tariff revenue
France’s Prime Minister denounces EU for ‘submitting’ to Trump in U.S.-EU trade deal: ‘A dark day’
French Prime Minister François Bayrou criticized the European Union for agreeing to a trade deal with President Donald Trump that places a 15% tariff on all EU goods while the U.S. largely enjoys tariff-free exports.
Read More France’s Prime Minister denounces EU for ‘submitting’ to Trump in U.S.-EU trade deal: ‘A dark day’
One Big Beautiful Bill helps to increase investment by businesses on equipment and CapEx
Equipment and capital expenditures (CapEx) surged 11% in the second quarter of this year following a 23% spike in quarter one.
Read More One Big Beautiful Bill helps to increase investment by businesses on equipment and CapEx
US retail sales beat expectations in June
Retail sales rebounded more than expected in June, but some of the increase likely reflected higher prices for some goods exposed to tariffs.
Read More US retail sales beat expectations in June
Wholesale costs hold steady despite tariffs — good inflation news
June’s Producer Price Index showed zero monthly change and a steady 2.3% yearly increase, signaling stable wholesale costs despite tariffs.
Read More Wholesale costs hold steady despite tariffs — good inflation news