New White House Press Secretary Karoline Leavitt urged members of Congress to confirm Trump's nominees to address problems like the U.S. egg shortage and the cost of living crisis.

The incoming president is set to inherit three months of rising inflation from his predecessor, the Consumer Price Index shows.

Consumer price growth ticked up in December, a sign President-elect Donald Trump will inherit the inflation issues that ... Even as the broader inflation index picked up, a measure that strips out volatile food and gas items climbed less than expected.

President Trump campaigned on the promise to bring down the U.S. cost of living. That could be easier said than done.

Despite the 2024 campaign rhetoric, Joe Biden is leaving Donald Trump a healthy economy that may be better off left alone.

Here are five economic forces that could shape the first year of Trump's presidency: Whipping inflation is easier said than done.

American consumers are once again worried about inflation, the issue that may have cost former President Joe Biden the 2024 election, as President Donald Trump ’s administration advances its economic agenda, according to the latest consumer sentiment reading from the University of Michigan.

Trump is banking on voters giving him a pass and continuing to blame former President Joe Biden for high prices.

The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and energy prices.

LONDON (Reuters) - Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump's threatened trade tariffs will cause a resurgence in global inflation, adding momentum to a recent rally in oil prices sparked by a tightening of sanctions on Russia.

Following Monday's choppy action, the US Dollar gathers strength against its rivals early Tuesday as markets assess US President Donald Trump's latest comments on tariffs. Later in the day, December Durable Goods Orders and the Conference Board's Consumer Confidence Index data for January will be featured in the US economic calendar.

Equities are recovering from their steep correction seen Monday in the Nvidia (NVDA) rout spillover. Broadly, most European indices are recovering around 0.50%, and US equity futures are positive, with the Nasdaq leading the recovery.