No relief: Inflation unexpectedly heated up last month
Inflation remained stubbornly high in January, as grocery, gasoline and shelter costs all rose. Egg prices saw their biggest price hike in almost a decade.
Economy
White House defends blocking AP from event for using 'Gulf of Mexico'
The White House defended its decision to block The Associated Press from covering two official events on Tuesday because it did not refer to the Gulf of Mexico as the Gulf of America.
Federal Reserve's Jerome Powell says there's no need to rush on interest rate cuts
Powell was also asked about the high cost of home ownership and President Trump's trade policies, but as usual, the Fed chair tried to steer clear of politics.
Interest rates are unlikely to drop, Fed chair indicates to Senate committee
Federal Reserve chairman Jerome Powell told a Senate committee that he and his colleagues are in no hurry to cut borrowing costs, so long as the job market is holding up and prices continue to climb.
Two top CFPB officials resign after being ordered to stop all work
The directors of supervision and enforcement at the Consumer Financial Protection Bureau stepped down, citing the stop work orders issued by Russell Vought, the agency's new acting director.
Why economists got free trade with China so wrong
The "China Shock" is revisited, and it raises questions about why economists failed to see the costs of free trade.
Vance to attend international AI and security summits as Ukraine war and tariffs loom
Vance will likely use the summits to resist further AI regulation while reiterating a common Trump refrain: that military allies need to further ramp up spending that supports NATO and Ukraine.
President Trump announces 25% tariffs on steel and aluminum imports
President Trump announced 25% tariffs on steel and aluminum imports. Critics say the tariffs will increase the cost of canned foods for U.S. consumers.
What Trump's proposed 25% tariffs on steel and aluminum would mean for the U.S.
President Trump has called for a 25% tax on all imported steel and aluminum. That could give a helping hand to domestic steel and aluminum producers, but also raise prices for US businesses and consumers.
The Trump administration has stopped work at the CFPB. Here's what the agency does
It's the main U.S. agency tasked with overseeing the financial products and services used by everyday Americans. The CFPB's new head has closed its offices and told staff to stay home.