The Asian American and Pacific Islander (AAPI) community is feeling the heat of rising costs more than most. A recent poll shows that nearly half of AAPI adults want the government to tackle inflation and affordability head-on. This is a bigger deal for them than it is for the general public, where
People in the U. S. are feeling less sure about the economy. This is the lowest confidence level since April when new taxes on imports were introduced. The measure of how people feel about their money and jobs stayed the same but is still low. This could mean a recession is coming. People think the
Austan Goolsbee, head of the Chicago Fed, made a bold move recently. He voted against lowering interest rates. Why? He thinks the Fed should wait for more data before making big changes. Goolsbee is not against lowering rates in the future. He just wants to make sure it's the right time. Inflation
Bolivia is making a big move to bring cryptocurrencies and stablecoins into its financial system. This step is aimed at updating the country's economy and dealing with some tough financial issues. The economic minister, Jose Gabriel Espinoza, shared this news, highlighting that banks will soon be ab
Americans are still feeling the heat when it comes to prices. Despite promises from both sides of the political aisle, the cost of living remains a major concern. The latest data shows that while inflation has cooled down, many everyday items are still more expensive than they were a few years ago.
Bitcoin has dipped below $100, 000, dropping over 5% in just 24 hours. The sudden fall isn't just about Bitcoin; other major cryptocurrencies like Ether, Cardano, Solana, and Dogecoin have also taken hits, some as high as 13%. What's causing this crypto crash? A stronger U. S. dollar is one key fact
In his first network TV interview since winning the election, President-elect Donald Trump sat down with NBC News' Kristen Welker. He discussed various topics, including his plans for Dreamers, abortion medication, and the Fed Chair. Trump's measured tone didn't last long. He quickly shifted to sugg
Federal Reserve Chair Jerome Powell will be speaking at the New York Times' DealBook conference today. This talk is happening just two weeks before the central bank announces its decision on interest rates. It’s also Powell’s last public appearance before that important meeting. Markets are expecti
Imagine paying more for your favorite fruits, veggies, and even beer from south of the border. The U. S. imports a lot of its fresh produce from Mexico, which could reportedly face new tariffs under Trump. The bottom line? You might feel the pinch in your wallet while shopping. Mexico is a major su
In a recent announcement, the Federal Reserve decided to lower their key interest rate by a small amount. This move comes as inflation is getting closer to the central bank's target of 2%. The Fed noted that while inflation is still a bit high, unemployment is low. They also mentioned that the job m
