Economy
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Inflation rate for May increased 0.1% from previous month, annual rate now 2.4%, Labor Department
Analysts projected a 0.2% increase from April to May.
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Fear of inflation fell in May: New York Federal Reserve survey
The Fed's Survey of Consumer Expectations showed that the one-year inflation outlook decreased a 0.4 percentage point, down to 3.2%, from April.
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US economy added 139K jobs in May, unemployment rate remains at 4.2%
Analysts forecasted 120,000 new jobs would be added to the economy
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Trump tariffs to slash deficit by $2.8 trillion over 10 years: CBO
The figure comes amid backlash from some Senate Republicans to the "big, beautiful bill" over its impact on federal spending.
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West Virginia Gov. Morrisey works to decouple his state’s investments from China
West Virginia Investment Management Board voted to adopt a policy similar to the Board of Treasury Investments to divest from Chinese companies.
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Trump's 50% steel tariffs begin, tariffs on UK remain 25%
The UK, which sends 7% of its total steel exports to the U.S. that is worth $500 million, is keeping the 25% tariff as a U.S.-UK trade deal is being worked out.
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Top Trump economic adviser predicts legislative agenda will make American families $10,000 richer
During a Just the News special with the Association for Mature American Citizens (AMAC) to be aired Thursday night, Hassett urged the Senate to pass Trump's 'big beautiful bill' or else face a massive tax hike.
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Consumer confidence increases after five-month decline
"The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards," economist Stephanie Guichard said.
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Hassett blames EU internal divisions for stalled trade talks
Trump, for his part, sounded an optimistic tone on the prospect of a resolution to the trade dispute after delaying planned 50% tariffs on the bloc at the request of its leaders.
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Stocks slump after Trump raises tensions with EU tariff threats
Economists, businesses and some publicly traded companies have warned that tariffs could raise prices on a wide range of consumer products.
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Lutnick defends 10% baseline tariffs, say they aren't increasing prices
Inflation reached an annualized rate of 2.3% in April, below analyst expectations.
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Gas prices for Memorial Day weekend predicted to be cheapest in years
Technology company GasBuddy put out an analysis earlier this week that stated the national average price of gas will be $3.08 per gallon on May 26.
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Target reports drop in 1st quarter sales, attributes to tariffs, economy, backlash to DEI policies
Target's shares fell 3% before the opening bell Wednesday.