Economy & Markets — Archive
Fed policy, inflation, jobs, market trends, and fiscal analysis
Fed Chair Powell Holds News Briefing After Keeping Interest Rates Unchanged
The Federal Reserve held rates at 3.6% for the second straight meeting, with quarterly projections expected to show how the Iran war's impact on gas prices complicates the path forward.
Cuba Will Allow Expatriates to Invest in and Own Businesses on Island, Economic Czar Says
Deputy Prime Minister Oscar Pérez-Oliva Fraga announced the policy shift in an NBC News interview, citing US embargo as a key challenge to Cuba's economy.
Senate Democrats Unveil Tax Plans Criticized as Populist Overhaul Ignoring Debt
Economists and fiscal hawks question whether proposals to eliminate federal taxes for millions can be offset by taxing the wealthy without worsening the national debt.
'Gruesome' War Bets Fuel Calls for Crackdown on Prediction Markets
Prediction platforms handling $44bn in trades face mounting criticism over wagers tied to Iran, Israel military action
Nine Convicted in North Texas ICE Facility Attack as Kash Patel Issues Warning
Jurors delivered a mixed verdict in federal court Friday, convicting members of what prosecutors called an Antifa cell for the July 2025 Prairieland ICE Detention Center attack.
As Prediction Markets Boom, Lawmakers Push for Greater Oversight of Event Contracts
Two bills aim to ban members of Congress from betting on political events, but disclosure gaps in ethics rules remain unfilled.
Boasberg Blocks Subpoenas Against Fed Chair Jerome Powell
Federal judge rules DOJ effort to issue grand jury subpoenas was a pretext to pressure Powell on interest rates, citing over 100 Trump statements attacking the Fed chair.
Venezuelan National Charged With Assaulting Federal Officer, Grabbing Service Weapon in Michigan
Arnoldo Jose Marquez-Pulido, 33, faces multiple federal charges after allegedly fleeing traffic stop and struggling with Homeland Security Task Force agent in Utica.
Judge Blocks DOJ Subpoena for Federal Reserve Records, Citing No Evidence of Crime
Judge James Boasberg ruled prosecutor Jeanine Pirro presented no evidence to justify demands for Fed documents, saying the investigation appeared designed to pressure Chairman Jerome Powell
Utah Moves to Ban Prediction Markets as State Takes On Kalshi and Polymarket
Governor Spencer Cox will sign legislation targeting prediction markets, putting the conservative state at odds with the CFTC and creating a potential legal showdown.