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Warsh’s first job is to build a consensus on the FOMC, so it may take Warsh some time to reel in many FOMC members who like to chat with the media.
Trump is prioritizing heavy industries such as aerospace, automotive, and shipbuilding—a significant shift from the Biden-era focus on clean energy.
Indiana’s homebuilding keeps moving at a healthy pace, while New York is building at less than half the rate its population requires.
Rising inflation and higher energy costs prompted Bank of Japan policymakers to lift borrowing costs.
The first Trump administration imposed tariffs on Chinese goods using Section 301 of the Trade Act over China’s unfair trade practices.
Private credit firms continue to face flood of redemption requests.
California has 105 cities where starter homes cost more than $1 million.
The threat revives long-running U.S. opposition to France’s digital tax, which Washington says unfairly targets American companies.
As Chinese exports flood the UK with cheap parcels, retailers call for faster reform to protect domestic competition.
Gas and diesel SUVs outpaced electric and hybrid SUVs nearly 3-to-1, accounting for 72.3 percent of new retail registrations.
Higher beef prices and additional choices could result in more Americans seeking alternative protein sources, according to a recent Federal Reserve Bank report.
The Federal Reserve will hold its first policy meeting under new Chair Kevin Warsh next week.
A sharp fall in sports and recreation activity weighed on growth, while the Middle East conflict added cost pressures.
A court struck down the tariffs on May 7 in a 2–1 vote.
Seasonal factors could explain the unexpected surge in applications for jobless claims.
The European Central Bank lifted its benchmark interest rate to 2.25 percent, citing upside risks to inflation and uncertainty over the Middle East conflict.
Energy continues to account for most of the renewed inflation pressures.
EV prices dropped on a yearly basis for the 11th consecutive month in May.
Early indicators suggest that inflation could be stabilizing.
An investment update from the U.S. subsidiary of Nippon Steel outlined $2.5 billion in planned investments—up from the initial $1 billion figure.
