Hours before a Trump administration directive was set to freeze an estimated trillions in federal assistance, California Attorney General Rob Bonta announced Tuesday that he is among a coalition filing a lawsuit to halt the freeze.

California has thousands of federal workers who are eligible to work remotely, yet in-person work is key to a "reformed federal workforce."

The Federal Reserve's monetary policy group is expected to hold rates steady, but the chairman will face a litany of questions about the year ahead and on the inflationary impact of implications of the Trump administration's early policy moves.

President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.

An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and start

Brittney and Quinn Sturgis are 27 and 30 years old, respectively, but they already have close to $500,000 in savings and investment accounts. Their $263,000 combined income from their jobs in the Air Force played a big role in building their account balance,

Federal Reserve Gov. Michelle Bowman is widely seen as the president's most likely choice for vice chair for supervision, a position soon to be vacated by Michael Barr. But while Bowman is the administration's most straightforward option,

If the leading opinion holds and the central bank cuts rates by 25 basis points on Friday, its first meeting of the new year, that would bring the benchmark down to its lowest level since August 2022. The monetary authority kicked off its rate-cutting cycle in late 2023, lowering the rate by 350 basis points so far.

GDP growth for Q4 2024 was 2.3%, below the 2.7% consensus estimate and our forecast range of 2.75% (+/-25 bps). Read more on the economic indicators here.

Your hosts wrote exactly one year ago that Congress was facing pressure to address sky-high costs for homeowners and renters — but that there was no clear path to a bipartisan compromise.

Economists say Trump’s second-term tariffs, if carried out as promised, could put even more downward pressure on the economy, because he’s framed them as across-the-board, rather than targeted to particular consumer products or commodities.