Treasury Secretary Scott Bessent says bond yields are flashing a clear signal to the Federal Reserve: it’s time to begin easing.
Key House Republicans discussed ways to direct an expanded state and local tax deduction to those making less than $400,000.
The U.S. economy contracted in the first quarter of 2025 for the first time in three years, triggering concerns about an impending recession.
The Federal Reserve is in a tough spot following new data Wednesday reinforcing slower economic growth and higher inflation during the first quarter.