The United States announced new, higher tariff rates this year. Tariffs can affect supply chains, investment, and firms’ input costs, resulting in supply-side effects such as higher inflation and ...

A new study that examined 150 years of tariffs in the U.S. and abroad found they disrupt the economy and financial markets so much that the result is lower inflation. The conclusion goes against the ...

The 2021-2023 inflation surge saw sudden and persistent increases in prices for consumer goods, housing, and assets. Wage inflation also rose, but it lagged behind other inflation measures. When wages ...

The change in the average U.S. tariff rate in 2025 was the largest in the modern era. One way to assess the effects of such a large shock on unemployment and inflation is by looking at data from ...

Tariffs may shape inflation far differently than standard economic models predict, according to a new working paper from two San Francisco Fed researchers. Their findings suggest the impact of trade ...

A new analysis from the Federal Reserve Bank of San Francisco examined the impact of tariffs on the economy based on historical examples, finding that the effect of import taxes on inflation and ...

The Federal Reserve is signaling only one rate cut for 2026, but a new Chair may drive more cuts, especially post-Powell. FOMC projections show tolerance for PCE inflation above 2% through 2027, ...

The Federal Reserve's policy framework is in flux, with credibility eroding after 4.5 years of missing its 2% inflation target. Current rate-cutting bias persists despite persistent inflation ...

Trade and inflation relief are driving world stock markets sharply higher on Monday, as we begin a packed week of big central bank meetings and heavyweight tech earnings. I'll get into all the ...