Diccon Hyatt

20 hours ago | investopedia.com | Diccon Hyatt

Key Takeaways At least one official at the Federal Reserve is still skeptical about the trajectory of inflation and the economy, despite developments this week that cheered investors. Philip Jefferson, vice chair of the central bank, said there was equal risk that President Donald Trump's tariffs could push up inflation and hurt the job market, speaking at a conference in New York Wednesday.

1 day ago | investopedia.com | Diccon Hyatt

Key Takeaways President Donald Trump announced a slew of agreements involving Saudi and American companies Tuesday during his trip to the Middle Eastern country. Trump touted the deals, speaking at a conference in Riyadh, where Trump and Saudi ruler Mohammed Bin Salman sought to promote economic ties between the two nations. The agreements included Saudi commitments to invest in the U.S. and major purchases of American equipment and services.

1 day ago | investopedia.com | Diccon Hyatt

Key Takeaways The U.S. collected a record amount of customs revenue in April, although the "Liberation Day" import tax surge could be short-lived. Customs brought in $16.3 billion in April, up from $8.7 billion in March and the highest in at least a decade, according to data from the Treasury Department. The numbers show the financial impact of President Donald Trump's heavy import taxes that went into effect that month.

2 days ago | investopedia.com | Diccon Hyatt

Key Takeaways Several forecasters downgraded the predicted chances of a recession after Monday's trade truce between the U.S. and China, but the economy isn't out of the woods just yet. Economic forecasts looked sunnier Monday afternoon as economists calculated the impact of the deal, in which President Donald Trump agreed to lower tariffs against China to 30% from 145% for 90 days while the two countries negotiate further. China is lowering its own tariffs against U.S. products in return.

2 days ago | finance.yahoo.com | Diccon Hyatt

Monday's surprise trade deal between the U.S. and China lowered the chances of a recesssion. Forecasters said he trade deal meant higher growth and lower inflation. Despite the improved outlook, the remaining tariffs are still a drag on the economy. Several forecasters downgraded the predicted chances of a recession after Monday's trade truce between the U.S. and China, but the economy isn't out of the woods just yet.