Trump, Congress Begin Dismantling the CFPB
By Andrew Langer March 28, 2025 (Views expressed by guest commentators may not reflect the views of OAN or its affiliates.)
By Andrew Langer March 28, 2025 (Views expressed by guest commentators may not reflect the views of OAN or its affiliates.)
The number of Americans filing new applications for unemployment benefits increased slightly last week, suggesting the labor market remained stable in March.
Wall Street’s main indexes rose on Wednesday ahead of the Federal Reserve’s widely anticipated monetary policy decision.
Retail sales rebounded marginally in February as consumers pulled back on discretionary spending, reinforcing the growing uncertainty over the economy.
The tech-heavy Nasdaq led a selloff among Wall Street’s main indexes, falling over 3% to a near six-month low, on fears that a tariff war could spark an economic slowdown.
Consumer spending unexpectedly fell in January while the annual increase in inflation slowed, supporting financial market expectations that the Federal Reserve would resume cutting interest rates in June.
U.S. consumer prices came in higher than expected in January as inflation showed few signs of slowing down.
President Donald Trump announced on Sunday that the U.S. The Treasury will stop producing pennies as the production costs more to make than it’s worth.
Head of the US Consumer Financial Protection Bureau (CFPB) Russell Vought has ordered staff to pause their activity.
U.S. job openings dropped by the most in 14 months in December, but steady hiring and low layoffs suggested that the labor market was not abruptly slowing down.