Analysts Warn Oil Prices May Rise Despite China’s Demand Slowdown
China cut crude imports from 11.7 million barrels per day in February to less than 9 million barrels per day by late May
Economy
TIPP Poll data on Americans' perception of the economy is the foundation for this section. Topics covered include U.S. consumer confidence, consumer sentiment, job market, economic growth, recession, financial stress, economic outlook, personal financial outlook, federal economic policies. We also cover trade, taxes, and debt. Our TIPP economic optimism index, financial stress index, job sensitivity metrics, and other polling on current economic issues drive the discussions.
Wall Street Slides As Strong Jobs Data Fuels Rate Hike Concerns
Investors interpreted the data as a sign of continued economic strength that could reduce pressure on the Federal Reserve to ease monetary policy.
Strong Jobs Report Signals Labor Market Stability
The unemployment rate remained unchanged at 4.3%, while monthly job gains stayed above 100,000 for a third consecutive month
Down To Two
Just two of 21 groups still have economic confidence. Investors are no longer one of them.
What Trump’s $700 Million New Coal Plan Means For U.S. Energy Production
The proposal would reportedly use powers under the Defense Production Act of 1950 to strengthen domestic energy production as electricity demand continues to rise
A New Congressional Plan To Save $1.5 Trillion And End Abortion Funding
The Heritage Foundation on Wednesday unveiled “Setting the American Opportunity Agenda,” a special budget and spending report for Congress, and House Speaker Mike Johnson said he is ready to act on it
Warsh’s Concerning Interest In Redefining “Inflation”
One series of comments Warsh made while testifying to Congress back in April as a nominee has been getting more attention in recent weeks, following some high inflation reports
Trump Administration Targets Imports With Fresh Section 301 Tariffs
The proposal, issued under Section 301 of the Trade Act of 1974, would impose a 10% tariff on economies with full or partial restrictions on forced labor imports and a 12.5% rate on those without such measures
U.S. Targets Iranian Cryptocurrency Firms In Latest Sanctions Move
According to a Treasury Department notice, the sanctioned digital asset platforms include Nobitex, Bitpin, Ramzinex, and Wallex.
Trump Administration Proposes 25% Tariff On Brazilian Imports
The proposed tariff would apply to many Brazilian goods entering the United States, though key products such as beef, coffee, and aircraft parts would be exempt.
What Does The Latest Surge In U.S. Job Vacancies Mean
The Job Openings and Labor Turnover Survey showed that available positions rose to an estimated 7.62 million at the end of April, up from 6.89 million in March
Why Could U.S. Troops Soon Be Banned From Prediction Markets
The proposal would require Defense Secretary Pete Hegseth to establish regulations barring personnel from placing trades when they possess nonpublic information or could reasonably obtain such information through their roles
The Wrong Suspect
For two years, we blamed artificial intelligence for shutting young graduates out of work. The real culprit is remote work, which has made companies wary of hiring people they cannot train in person.
Remembering The Mogambo Guru
To the Mogambo Guru, the Federal Reserve were a gang of drunken arsonists locked inside the nation’s monetary basement, ecstatically spraying gasoline on the future while court economists in bespoke suits assured the public there was nothing to worry about.
Which Workers Are Being Hit Hardest By The Rise Of Remote Jobs
The report found that unemployment among recent college graduates increased from 3.6% in March 2019 to 5.6% in March 2026. New York Fed economists estimated that remote work could explain roughly 64% of that increase.