Scott Horsley
Stories
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Consumer confidence falls the most since 2021 over fears about inflation and tariffs
A report from the Conference Board shows Americans are increasingly worried about inflation, driven in part by President Trump's threats to impose new tariffs on imports.
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Why consumers are not feeling optimistic about the economy, and what the data says
Fears of renewed inflation are weighing on people's economic mood. That could affect their spending and the broader economic outlook.
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Privacy advocates file lawsuit to stop DOGE from peeking at IRS taxpayer data
A coalition of watchdog groups and unions is seeking to block the DOGE team from accessing taxpayer data at the IRS. A similar battle is brewing over Social Security data.
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Trump threatens reciprocal tariffs against other countries
President Trump is threatening to levy taxes on imports to match those other countries charge on U.S. exports.
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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.
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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.
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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.
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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.
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Trump says he will impose a 25% tariff on aluminum and steel imports
A tax on all imported steel and aluminum could give a helping hand to domestic steel and aluminum makers, but raise costs for businesses and consumers that buy the metals.
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Employers added fewer jobs in January -- but the labor market overall remains healthy
U.S. employers added 143,000 jobs in January — a modest slowdown from the two previous months. The unemployment rate dipped to 4%.
