Diccon Hyatt

3 weeks ago | investopedia.com | Diccon Hyatt

Key Takeaways Representatives from the U.S. and China will meet in London Monday, President Donald Trump said Friday in a social media post. The meeting could be another step toward defusing the trade war between the world's two biggest economies. Trump posted on Truth Social that top officials from the U.S., including Treasury Secretary Scott Bessent, will make the trip.

3 weeks ago | investopedia.com | Diccon Hyatt

Key Takeaways The Republicans' spending bill would blow a big beautiful hole in the federal deficit, but President Donald Trump's tariffs would patch it, according to the government's nonpartisan budget watchdog. President Donald Trump's economic agenda would reduce federal deficits over the next 10 years compared to doing nothing, the Congressional Budget Office said Wednesday.

3 weeks ago | investopedia.com | Diccon Hyatt

Key Takeaways President Donald Trump renewed his calls on the Federal Reserve to lower its benchmark interest rate Friday, and this time, he had a specific (and huge) ask in mind. In a series of social media posts Friday morning, Trump pointed to the economy's recent track record of solid job growth and cooling inflation, and taunted Federal Reserve Chair Jerome Powell for not having lowered interest rates sooner.

3 weeks ago | investopedia.com | Diccon Hyatt

Key Takeaways A key government agency has cut back on the amount of data it collects, raising concerns among experts about the accuracy of the information used to track inflation, unemployment, and other facets of the economy. The Bureau of Labor Statistics said this week it had cut back on the price surveys it uses to determine the Consumer Price Index (CPI).

3 weeks ago | investopedia.com | Diccon Hyatt

Key Takeaways Around the country, business and community leaders are still holding their breath, waiting for another tariff-related shoe to drop. At least that's the case according to the Beige Book, the Federal Reserve's report on the economy released Wednesday. The report gathers interviews, anecdotes, and observations from businesses and other leaders from around the country.