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Yale Budget Lab finds American consumers now face a 16.9% effective tariff rate—the highest since 1932. The study reveals tariffs have cost households $1,292 and could trigger 1.3 million job losses.
A partial federal government shutdown began at 12:01 a.m. Saturday after funding lapsed for dozens of agencies. The Senate passed a bipartisan deal, but the House won't vote until Monday.
New vehicle sales are projected to drop 3.7% in January as average transaction prices near $46,000 and affordability constraints push middle-class buyers out of the market.
The Conference Board's Consumer Confidence Index plunged to 84.5 in January 2026, its lowest reading since May 2014, as expectations fall below the critical recession threshold.
The Federal Reserve held interest rates steady at 3.5-3.75% despite unprecedented political pressure, including a DOJ subpoena of Chair Powell. Here's what the decision means for mortgages, savings, and your financial planning.
The One Big Beautiful Bill brings major tax changes for 2025 returns including a $40,000 SALT cap, enhanced senior deduction, and new car loan interest deduction.
Starting January 1, 2026, bronze and catastrophic health insurance plans qualify for HSA contributions, expanding tax-advantaged health savings to millions more Americans.
USDA forecasts overall food prices to rise 3% in 2026, with food away from home increasing 4.6% while grocery inflation moderates to 1.7%—creating a growing wedge between dining out and cooking at home.
The US personal savings rate has fallen to just 3.5%—the lowest since the mid-2000s—as inflation, stagnant wages, and tariff costs force households to spend more and save less.
December PPI rises 0.5%, the biggest monthly increase since July, as businesses begin passing through import tariff costs to consumers.
The 2.8% Social Security cost-of-living adjustment has begun, raising the average retirement benefit by $56 per month—but Medicare premium increases will offset some gains.
The IRS has begun phasing out paper refund checks under Executive Order 14247, requiring most taxpayers to provide bank account information or face frozen refunds.