The Commerce Department released data showing that PCE inflation ticked higher in October, though the Federal Reserve's preferred inflation gauge remained near last month's level.
The conforming loan limit (CLL) for mortgages backed by Freddie Mac and Fannie Mae will rise by 5.2% next year to over $800,000, the Federal Housing Finance Agency announced Tuesday.
California Gov. Gavin Newsom may exclude Tesla and other automakers from an EV rebate program if the incoming Trump administration scraps a federal tax credit for EV purchases.
Chicago Federal Reserve President Austan Goolsbee said the neutral rate is "well below" where it is right now, and policymakers can cut further so long as the economy does not overheat.
The outlook for the U.S. economy is improving, according to a group of leading economists, and investors can thank the Federal Reserve and the incoming Trump administration.
As Trump works at warp speed to assemble his cabinet, behind the scenes, the Treasury role turned into a Game of Thrones battle between Wall Street CEO Howard Lutnick and fund manager Scott Bessent.
Inflation is continuing to strain American households, as LendingTree found Thanksgiving hosts plan to spend 19% more than last year on food, drinks and decor for the party.