President Donald Trump on Thursday visited the Federal Reserve building to tour its renovations as he pushes the agency to cut interest rates. Trump was joined by Federal Reserve Chairman Jerome Powell and stood in the middle of the ongoing renovations during a press conference.

While recession odds have been dialed back in recent weeks, economists surveyed by The Wall Street Journal still see 33% odds of one coming within a year, compared with 22% at the start of 2025. Meanwhile, earnings estimates for the S&P 500 compiled by research group FactSet are 3% lower since then, the Journal said.

President Trump set a new rhetorical floor for tariffs on Wednesday night, suggesting his administration is aiming to make 15% a new minimum rate for tariffs worldwide.

With inflation creeping back into the US economy, it's as important as ever to have a firm grasp on Donald Trump's tariffs and what they mean.

US President Donald Trump has indicated that he will not go below a 15% rate as he sets his “reciprocal” tariffs on US trading partners, a sign that the floor for these increased levies is rising. This latest pronouncement adds another layer of complexity to the administration’s chaotic trade war,

U.S. President Donald Trump stated that the new tariff rates will start at a minimum of 15% and could reach up to 50%. Speaking at an AI event in Washington, he explained that certain countries may face the highest tariffs due to ongoing tensions with the United States.