Former President and Republican presidential nominee Donald Trump held a massive rally at Madison Square Garden on Sunday. During the event, he addressed immigration, inflation, and the economy. NTD discusses the rally and Trump’s strategy behind it with Armen Kurdian, a political strategist and policy analyst.
Major retailers are offering competitive Thanksgiving meal deals this holiday season, with prices lower than previous years despite ongoing inflation concerns. Walmart is offering a Thanksgiving meal for less than $7 per person, serving eight people. According to a Walmart press release, the meal includes 29 items, featuring a whole frozen turkey at $0.88 per […]
International Monetary Fund Managing Director Kristalina Georgieva says that China is too large to continue relying on exports to drive its economy and faces dangerously slower growth unless it shifts toward a consumer-driven economic model. Georgieva said in an interview that China’s growth could fall below 4 percent in the medium term if it stays […]
EJ Antoni, research fellow at The Heritage Foundation, discussed with NTD the state of the U.S. economy, the concerns looming over the annual meetings of the International Monetary Fund and World Bank, and how the United States can protect itself from the tumultuous Chinese economy.
The Federal Reserve should carefully consider future interest rate reductions given that the U.S. economy is showing signs of strength, according to Christopher J. Waller, member of the bank’s board of governors. Last month, the Fed cut interest rates by 50 basis points, pushing it down to a range of between 4.75 percent and 5 […]
Joel Griffith, research fellow at the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation, spoke with NTD about how the inflation report for September will affect the election, the rising cost of employer health care premiums, and the drop in mortgage applications.
The closely watched consumer sentiment survey from the University of Michigan shows that Americans’ confidence in the economy tumbled in October after two months of small gains, with frustration over high prices to blame. The University of Michigan’s preliminary consumer sentiment reading, released on Oct. 11, came in at 68.9 for October, a decline from […]
At least ten people are dead after Hurricane Milton tore through Florida. Gov. Ron Desantis says the state is preparing for more casualties. Meanwhile, power is out in central Florida as Milton leaves over 3 million people in the dark. The inflation rate hit 2.4 percent in September, topping expectations. A voting initiative by Michelle […]
Inflation came in slightly higher than economists’ expectations as food and shelter costs rose in September. According to the Bureau of Labor Statistics, the annual inflation rate slowed to 2.4 percent last month, down from 2.5 percent in August. This was above the market estimate of 2.3 percent. The consumer price index (CPI) jumped at […]
Jim Nelles, U.S. naval veteran, supply chain consultant, and economic analyst, discussed with NTD the implications of the dockworkers’ strike after Iran’s missile attack on Israel escalated geopolitical tensions in the Middle East, with the approaching U.S. presidential election.
The United States Postal Service (USPS) submitted a Sept. 23 document to the Postal Regulatory Commission stating plans to raise prices for its First-Class postage—which currently costs 73 cents—five times over the next three years. The specific amounts for the price hikes weren’t mentioned, but the proposed plan is to start in July 2025 and […]
The Federal Reserve’s preferred inflation gauge—the personal consumption expenditure (PCE) price index—came in below expectations, suggesting that the central bank is inching closer to its 2 percent target. According to the Bureau of Economic Analysis (BEA), the PCE price index rose by 0.1 percent in August, down from the 0.2 jump in July. The PCE […]
News Analysis The winds of change are upon the U.S. economy as the Federal Reserve is expected to cut interest rates for the first time in four years, affecting everyone from Main Street to Wall Street. After the Fed launched its inflation-fighting crusade in March 2022, higher interest rates have significantly raised consumer borrowing costs, […]
News Analysis A recent blend of easing inflation rates and cooling labor market trends could force the Federal Reserve to pull the trigger on its first interest rate cut since the onset of the COVID-19 pandemic. U.S. central bankers will kick off their widely anticipated two-day policy meeting on Sept. 17, which could officially be […]
JPMorgan Chase CEO Jamie Dimon said this week that a fate worse than recession for the U.S. economy—namely, stagflation—can’t be ruled out. Speaking at the Council of Institutional Investors’ fall conference in New York City on Sept. 10, Dimon expressed concern about the possibility that stagflation—a detrimental mix of economic stagnation and inflation—could well be […]
A tipping point for European businesses in China, because of the state of its economy. That’s according to the head of the European Union Chamber of Commerce in China. Two thirds of the companies surveyed by the European chamber say their profit margins in China are at or below the global average. Many European businesses […]
The U.S. annual inflation rate came in below economists’ expectations as broad-based price pressures continue stabilizing across the economy. According to the Bureau of Labor Statistics, the consumer price index (CPI) slowed to 2.5 percent in August, down from 2.9 percent. The consensus estimate was 2.6 percent. Monthly inflation rose by 0.2 percent, unchanged from […]
Inflation and unemployment are among the top issues for U.S. voters and could play a pivotal role in determining the election. That’s according to Raymond Sfeir, director of the A. Gary Anderson Center for Economic Research at Chapman University. Speaking to NTD, Sfeir explained how recent economic trends are influencing voter sentiment. “In my view, […]
The Federal Reserve’s preferred inflation metric—the personal consumption expenditure (PCE) price index—came in below expectations, further supporting the central bank’s case for loosening monetary policy and cutting interest rates as early as September. According to the Bureau of Economic Analysis (BEA), the annual PCE price index was unchanged at 2.5 percent in July, below the […]
Former President Donald Trump asked a federal court late Thursday to intervene in his New York criminal case, seeking a pathway to overturn his conviction and indefinitely delay his sentencing next month. Lawyers for Trump asked the federal court in Manhattan to seize the case from the state court, arguing that the prosecution violated his […]
