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HOUSTON (Reuters) -Oil prices fell by more than 2% on Monday after China's latest stimulus plan disappointed investors seeking demand growth in the world's second-biggest oil consumer, while supply looked set to rise in 2025. Donald Trump's U.S. election victory may continue to affect the market, said Phil Flynn, senior analyst for the Price Futures Group. "The election with Trump's promise to 'drill, baby, drill' has taken away some incentive to go long," Flynn said.

Trump weighed ousting Powell in 2018, but the Fed chief told then-Treasury Secretary Steven Mnuchin that he would fight his removal, according to the Wall Street Journal.

While imposing tariffs in the past has done damage to the U.S. economy, today’s incoming tariffs are likely to have a different outcome for a multitude of reasons. The post Trump’s tariffs: Not your grandpa’s economic disaster appeared first on FreightWaves.

The elitist Biden and Harris advisors bought into the false Trump economic narrative rather than confidently and clearly explain the actual economic facts.

With national unemployment rates at historically low levels, veteran unemployment is now even lower, dropping to 2.8% last month.

The price of a butter slab has spiked 26% since December, reflecting how inflation is unraveling for the average Russian in Vladimir Putin's war economy.

Within weeks of Donald Trump's 2016 election, U.S. Federal Reserve policymakers began mulling the impact of expected tax cuts and tariffs on the economy, penciling in rough estimates of what was to come, with some among them concluding higher interest rates may be needed to keep inflation in check. That included Jerome Powell, then a Fed governor and now the central bank's chair with chief responsibility for setting the course of monetary policy through the first 16 months of Trump's next term. The Republican former president defeated Democratic Vice President Kamala Harris in last Tuesday's election and will be sworn into office in January 2025.