A man walks past signage for the the 2024 IMF/World Bank Annual Meetings outside of the headquarters of the International Monetary Fund in Washington, DC on October 18, 2024. Daniel Slim | AFP | Getty Images The International Monetary Fund warned Wednesday that the public debt situation worldwide could...
Trump tariffs likely to lead to higher U.S. interest rates, head of Institute of International Finance says
Extreme tariffs proposed by U.S. presidential candidate Donald Trump would interrupt the path of disinflation and could lead to higher interest rates, according to the head of the Institute of International Finance. "The assumption is you'll have higher inflation, higher interest rates than you would have in the absence...
U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark
The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images The Biden administration rang up a budget deficit topping $1.8 trillion in fiscal 2024, up more than 8% from the previous year and the third highest on record, the Treasury Department...
Here’s why inflation may look like it’s easing but is still a huge problem
Just because the Federal Reserve is nearing its inflation goal doesn't mean the problem is solved, as the high price of goods and services across the U.S. economy continues to pose a burden for individuals, businesses and policymakers. Recent price reports on goods and services, despite being a bit stronger...