Economy
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The latest updates on our changing economy.
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Market caps winning week while mortgage rates remain high
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Diesel prices skyrocket to an all-time high as conflict in the Middle East continues
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Fed raises interest rates
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FOR SUBSCRIBERSPoll: Voters grow more concerned about capitalism, but they’re still wary of socialism and the DSA
More young voters have positive views of socialism than of capitalism for the first time in NBC News polling.
U.S. says China trade truce extended by 2 months
Treasury Secretary Scott Bessent also indicated that there could be more announcements from China, including on agriculture.
The U.S. economy before and after the Iran war, in five charts
Nearly seven months in, the conflict now casts a cloud of uncertainty — with no end in sight.
Poll: Most voters say Trump has hurt the economy as competitive midterm election looms
Trump’s approval and economic ratings point to a gloomy environment for the GOP, but the race for Congress is closer than in his first midterm.
Live Updates
Americans give AI in schools a poor grade
President Donald Trump focused on law and order at a rally for the GOP candidate for the Senate in North Carolina, blaming Democrats for what he said are soft-on-crime policies.
Live Updates
Trump trashes Fed after first interest rate hike in 3 years
House Republicans are sending members home until Nov. 9, punting a vote on a resolution to impeach Defense Secretary Pete Hegseth until after Election Day.
FOR SUBSCRIBERSThe insular AI economy is driving U.S. growth but risks leaving everyone else behind
Tackling AI-related inflation through higher interest rates could make things worse for the non-AI economy. 
Fed raises interest rates for first time since 2023, defying Trump as inflation mounts
The move comes after years of demands from the president for lower rates and could be the start of additional increases.
Federal Reserve faces a showdown with Trump over interest rate decision
Wall Street expects Kevin Warsh, Trump’s pick for Fed chair, to hike rates, as the president ratchets up calls for a rate cut.
FOR SUBSCRIBERSHow a 5% yield on 10-year Treasury bonds affects everyone
Most Americans don’t own government bonds, but their rates exert massive influence on the entire economy — and ultimately household finances.
FOR SUBSCRIBERSWhat hitting the brakes on AI could mean for the U.S. economy
AI spending fueled about 40% of U.S. economic growth in the past year. Would reining in frontier development put all that at risk? 
