Latest in The Fed and Trump are both in a jam — one on inflation and the other on immigration
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Tech Makes an Economic Case for Skilled Immigrants. Will Trump Bite?
Silicon Valley hopes that tech giants like Elon Musk could help to push the incoming Trump administration toward offering more visas to highly skilled foreign workers.The New York Times - 18h -
Jerome Powell and the Fed Head for Another Collision with Trump
Rates may not come down as much or as quickly as had been expected, just as Trump — a self-declared “low-rate guy” — returns to the White House.The New York Times - 1d -
The Fed and Trump are both in a jam — one on inflation and the other on immigration
Trump and the Fed are both in a policy jam —one monetary and the other immigration.MarketWatch - 15h -
Trump team working out immigration plans, pushing for large-scale deportations
President-elect Donald Trump is pushing for a major mass deportation plan to commence during his first 100 days in office. CBS News immigration and politics reporter Camilo Montoya-Galvez has the ...CBS News - 19h -
Will Trump's success spark a harder stance on immigration in Europe?
Donald Trump's victory has sent shockwaves through Europe, as political elites grapple with the implications of his anti-migrant stance and the growing momentum of populist and right-wing parties, ...The Hill - 1d -
Economists trim Fed rate cut estimates on fear of Trump inflation surge
Deregulation, tax cuts and tariffs stoke probability of stubbornly high price growth, FT-Chicago Booth poll findsFinancial Times - 2d -
Rand Paul offers support for Trump immigration agenda, Noem as DHS chief
Sen. Rand Paul (R-Ky.) said he would prioritize South Dakota Gov. Kristi Noem’s (R) confirmation as Secretary of the Department of Homeland Security once President-elect Trump takes office in ...The Hill - 2d -
One of world soccer's biggest matches comes as both teams are struggling
For the first time in a long time, this Manchester derby will feature two Davids and no Goliath.NBC News - 3d -
Treasury yields end at 2- to 3-week highs as Fed struggles with last mile of inflation fight
Yields on U.S. government debt finished higher for a fifth straight session on Friday, as traders grappled with data this week that showed the Federal Reserve is struggling with the final stretch ...MarketWatch - 4d -
Trump reiterates immigration promises in Time Person of the Year interview
President-elect Donald Trump rang the opening bell at the New York Stock Exchange on Thursday to celebrate being recognized as Time's Person of the Year once again. In an interview with the ...CBS News - 5d -
Why a rate cut? Fed’s favorite price gauge likely to show tamer ‘core’ inflation.
Armed with consumer and wholesale inflation reports, Wall Street economists predict the Federal Reserve’s favorite price gauge will show just a mild increase in November and justify an ...MarketWatch - 5d -
Muted wholesale inflation rate likely gives final go-ahead for Fed to cut interest rates
A key measure of U.S. wholesale inflation posted a small increase in November and probably added the final nail in the coffin in favor of a widely expected reduction in interest rates next week.MarketWatch - 5d -
Trump mass deportation threats infuriate immigrant advocates
President-elect Trump’s pledge to enact mass deportations and end birthright citizenship, potentially affecting millions of U.S. citizens, is raising alarm bells among immigrant communities who ...The Hill - 6d -
Trump’s Tariff and Immigration Plans Threaten Your Guacamole
Trump’s immigration and tariff plans will strain American farming and raise the prices you see at the store.The New York Times - 6d -
Inflation Ticks Up, but Details Are Encouraging for the Fed
Inflation sped up last month, but the details suggested cooling ahead. Next week, the Fed will make its final rate decision for 2024.The New York Times - 6d -
This nugget of good news in hottish CPI inflation report may cement Fed interest-rate cut
Inflation has risen since the summer and raised anxiety at the Federal Reserve, but a welcome slowdown in housing costs could be just what the doctor ordered.MarketWatch - 6d -
Here’s the inflation breakdown for November 2024 — in one chart
Increases in prices for groceries and gasoline outweighed disinflation in categories such as shelter, according to the consumer price index.CNBC - 6d -
One inflation measure shows prices heading the wrong way
There are many ways to slice an inflation report in attempt to divine the true underlying pattern of inflation.MarketWatch - 6d -
Inflation ticks higher as Fed eyes another rate cut
Inflation picked up slightly in November, according to data released Wednesday by the Labor Department, but likely not by enough to derail the Federal Reserve's plans for another rate cut. Consumer ...The Hill - 6d -
Trump ready to 'seal' border from immigrants on Day 1
President-elect Trump is signaling he wants to completely reshape the nation's immigration laws starting on Jan. 20, the day he officially takes office. Immigration has always been Trump’s core ...The Hill - Dec. 11 -
Why the Fed Will Cut Rates Even Though Inflation Hasn’t Budged
Everyday Americans still expect sticky inflation in the coming years.Inc. - Dec. 11 -
Traders are pretty sure of a Fed rate cut. What happens if inflation data is too hot?
Traders are pretty confident the Fed will deliver a rate cut next week. What happens if inflation data throws the market a curveball.MarketWatch - Dec. 11 -
Democratic Governors See Room for Compromise With Trump on Immigration
In interviews, a range of Democratic governors expressed some defiance toward the president-elect’s expected crackdown, but also showed a surprising willingness to work with him.The New York Times - Dec. 10 -
Extended interview: Pearl Jam
Pearl Jam's Eddie Vedder and Jeff Ament sit down with "Sunday Morning" correspondent Anthony Mason to discuss their album, "Dark Matter," their songwriting process, their aspirations as a band, and ...CBS News - Dec. 9 -
Trump details immigration plans, says he'll pardon Jan. 6 rioters
President-elect Donald Trump spelled out some of his initial plans for his incoming administration in his first post-election interview over the weekend. CBS News congressional correspondent Nikole ...CBS News - Dec. 9 -
Fact-Checking Trump on ‘Meet the Press’: Tariffs, Immigration and More
The president-elect repeated several false and inaccurate claims on a range of topics that were staples of his 2024 campaign.The New York Times - Dec. 8 -
What to know about Trump’s picks to carry out immigration agenda
On the campaign trail, President-elect Trump pledged to crack down on immigration, repeating at his rallies the line: “On Day 1, I will launch the largest deportation program in American history.” ...The Hill - Dec. 7 -
Texas aims to become key part of Trump’s immigration plans
For the past four years, Texas has made itself an adversary of the White House on immigration.NBC News - Dec. 7 -
Trump Names 2 Officials to Help Carry Out Immigration Crackdown
The president-elect picked Rodney S. Scott, an outspoken Border Patrol chief from his first term, to run Customs and Border Protection. And he chose Caleb Vitello to head Immigration and Customs ...The New York Times - Dec. 6 -
How will Trump handle immigrants carrying communicable diseases?
Current law makes immigrants inadmissible if they have one of the diseases that the secretary of Health and Human Services has determined to be “a communicable disease of public health significance.”The Hill - Dec. 5 -
Musk, Trump, A.I. and Other DealBook Summit Highlights
The economy, inflation, tariffs, the future of media, pardon politics and other big topics that made headlines this year.The New York Times - Dec. 5 -
Revealed: Biden lays groundwork to expand immigration jails as Trump readies for office
In the past year, the Biden administration has extended contracts for private sector jails before Trump’s plan for mass deportations. Donald Trump’s plan for the mass deportation of undocumented ...The Guardian - Dec. 5 -
Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
Fed Chair Jerome Powell Says Inflation Is a ‘Little Higher’ Than Expected
Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the tariffs that President-elect Trump had been promising.The New York Times - Dec. 4 -
Immigration advocacy group launches political arm to counter Trump agenda
A top immigration advocacy group announced on Tuesday a new political arm to highlight the human consequences of the incoming Trump administration’s immigration enforcement plans. The Immigration ...The Hill - Dec. 3 -
Biden’s Christmas present for Trump: Sticky inflation
President Biden's big-spending ways have ensured that the nation's initial progress in inflation reduction is flattening out, keeping inflation rates higher than Federal Reserve Bank officials prefer.The Hill - Dec. 3 -
Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller cited recent data indicating that progress on inflation may be "stalling."CNBC - Dec. 2 -
Fed Governor Waller says he is 'leaning toward' a December rate cut but worries about inflation
Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.NBC News - Dec. 2 -
Top Fed official warns progress on taming US inflation ‘may be stalling’
Governor Christopher Waller says he still supports a December interest rate cut barring a surprise in the economic dataFinancial Times - Dec. 2