Diccon Hyatt

1 week ago | investopedia.com | Diccon Hyatt

Key Takeaways Behind the scenes, officials at the Federal Reserve were just as uncertain about the economy's trajectory as they were in public, meeting minutes confirm. Notes from the Federal Open Market Committee May meeting were released Wednesday. The minutes showed officials grappling with a multitude of uncertainties about President Donald Trump's tariffs and their effects on the economy.

1 week ago | investopedia.com | Diccon Hyatt

Key Takeaways The Department of Labor threw Biden-era crypto caution to the wind Wednesday, rescinding guidance that had called for employers to use "extreme caution" when including cryptocurrency-based options in retirement plans. The department said Wednesday it was withdrawing the guidance established in 2022 discouraging fiduciaries from including crypto options for 401(k) retirement plans.

1 week ago | investopedia.com | Diccon Hyatt

Key Takeaways One of President Donald Trump's major goals for imposing tariffs on U.S. trading partners is to encourage countries to build factories and create jobs here. But labor costs pose a double-barreled threat to that vision. If restoring manufacturing means bringing employment to its 1979 peak, numerous obstacles stand in the way, economists at Wells Fargo Securities found in an analysis published Wednesday. Relatively few people are ready to take a spot on the assembly line.

2 weeks ago | investopedia.com | Diccon Hyatt

Key Takeaways Important economic measures have stayed stable so far despite President Donald Trump's trade wars, but economic forecasters say that could soon change. Forecasters expect varied parts of the economy to show the strain of tariffs at different times in the coming months. Several forecasts anticipate inflation rising first, showing up in hard data this summer, followed by an uptick in unemployment as the economy slows down.

2 weeks ago | investopedia.com | Diccon Hyatt

Key Takeaways The U.S. government is no longer going to mint pennies, and soon cash retail transactions will be rounded to the nearest nickel. What, exactly, does a single penny buy you these days? We took a drive around town to find out. On Thursday, the Treasury Department announced the U.S. government is winding down production of the penny, according to an announcement first obtained by the Wall Street Journal. The one-cent coin had a good run.