The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.
The development comes a day after DHS provided the first official timeline of the deadly encounter, stating that two federal officers had fired at Pretti.
Massive fiscal deficits as far as the eye can see. The prospect of easy monetary policy even amid elevated inflation. America's role in the world is in flux. Something has to give, and that something is the U.S. dollar. The big picture: A drop in the value of the dollar against other major currencies — underway for the past year, with a new leg down in the last couple of weeks — is the market manifestation of a shifting economic landscape. - With strong economic growth and the AI boom, the stock market has remained robust. The prospect of additional Federal Reserve rate cuts has kept Treasury bond prices stable. - But on the currency markets, the dollar has been falling — with specific recent words and actions by the Trump…
Data: Morning Consult; Chart: Axios Visuals There are signs that the so-called vibecession is back for 2026, but with a twist — it's the highest-earning Americans who feel more glum, as the faltering labor market for white-collar workers drives a bit of a doom loop. Why it matters: The U.S. economy increasingly runs on the spending power of the upper middle-class and wealthy, and if they're anxious that could affect everyone. Where it stands: Amazon's latest round of layoffs — 16,000 corporate jobs axed — is the latest piece of grim news for professionals who are growing antsy about the job market. - An increasing share of Americans are either reporting that they expect to lose pay or have already lost pay, per Morning Consult's…
President Trump 's immigration crackdown and aggressive foreign policy has put him on a collision course with one of the oldest institutions in the world: The Catholic Church . Why it matters: Faith leaders and scholars tell Axios that Trump's agenda conflicts with the Church's commitment to safeguarding human dignity. With an American Pope at its helm for the first time, the Vatican is positioned to be a unique foil for the president. - "Leo is the pope for this moment," said Vincent Miller, a theology professor at the University of Dayton, adding that he's been "utterly unambiguous" in his criticism of Trump's policies. State of play: In the latest example, Archbishop Paul Coakley, president of the U.S. Conference of Catholic Bishops,…
AI:The Catholic Church is positioning itself as a primary engine of resistance against the Trump administration, launching a coordinated assault on the President's immigration enforcement and foreign policy maneuvers. Under the leadership of Chicago-born Pope Leo, the Vatican has abandoned previous diplomatic generalities to launch direct, specific attacks on federal actions, including ICE operations and military objectives. This isn't just religious rhetoric; it is a calculated political maneuver by ecclesiastical leaders who view mass deportation as "objectionable" and are now suggesting that military personnel may be morally justified in defying lawful orders based on their own conscience. While the White House maintains its policies are…Open
'Terrorist and criminal organizations operating in our hemisphere'
The first lady will be surrounded by famous faces for her splashy event
'She probably had herself sprayed'
Democrats have recognized that their very survival as a national political party rests upon importing millions of foreigners into the United States.
Democratic leaders such as Hakeem Jeffries are calling for President Trump to fire DHS Secretary Kristi Noem, saying that if he doesn't, they will try to impeach her. #KristiNoem #Impeachment #HakeemJeffries
AI:Hakeem Jeffries and Democratic leaders have issued an ultimatum to President Trump demanding the immediate removal of DHS Secretary Kristi Noem or they will initiate impeachment proceedings. This political maneuver follows recent instability regarding Department of Homeland Security funding and shootings in Minneapolis, as the radical left attempts to weaponize the impeachment process to destabilize the administration's leadership and force a departmental overhaul.Open