Federal Reserve officials are increasingly divided over the future of interest rates, with a growing rift between those who believe monetary policy is too tight for a softening labor market and others who remain focused on persistent inflation. The disagreement comes on the heels of last week’s quarter-point rate cut and reflects broader uncertainty over how to balance the Fed’s dual mandate of stable prices and maximum employment.
The Federal Reserve on Friday officially ended its 2020-era policy that allowed inflation to run above 2 percent, a move intended to restore credibility and simplify its economic framework after years of persistent inflation. The announcement came during Chair Jerome Powell’s speech at the Kansas City Fed’s annual Jackson Hole conference.
U.S. consumer sentiment climbed more than expected in July, with optimism about future economic and job conditions growing across most demographics, according to data released by the Conference Board. The Consumer Confidence Index rose to 97.2, beating forecasts of 95.8 and marking a steady rebound from June’s revised 95.2.
On Friday’s broadcast of Newsmax TV’s American Agenda, former Trump Economic Adviser Stephen Moore said he remains optimistic about the U.S. economy, citing finalized trade deals and the passage of President Trump’s “Big Beautiful Bill” as key factors that will help moderate inflation and support growth.
U.S. import prices rose just 0.1 percent in June, signaling continued stability in global goods prices and offering no new signs of inflation from overseas markets. The latest data from the Bureau of Labor Statistics show minimal price pressure from foreign producers, reinforcing confidence in international supply chain steadiness.
A majority of Americans believe the economy is doing well under President Donald Trump, according to a new national poll. The survey, conducted in May, found that 51% of registered voters consider the U.S. economy “strong,” reflecting growing public confidence in Trump’s leadership.
The Federal Reserve maintained its benchmark interest rate at 4.25% to 4.5% on May 7, 2025, citing escalating risks of inflation and economic slowdown due to ongoing trade tensions and tariff policies.
The Department of Justice (DOJ) has initiated an antitrust investigation into the sharp increase in egg prices, examining whether major producers have conspired to inflate prices or restrict supply.
The Utah Legislature is advancing House Bill 306 (HB306), which would create a gold and silver-backed electronic payment system for state transactions.
The U.S. economy closed out 2024 with steady growth, propelled by resilient consumer spending that more than offset challenges in business investment and global trade. Despite high interest rates and ongoing inflation pressures, economic momentum remained intact, setting the stage for an uncertain but potentially strong 2025.
