Economy

The stock market reacted to comments made by Federal Reserve Chair Jerome Powell in Chicago amid tariffs from the Trump administration. NBC Chicago’s JC Navarrete reports.

In his prepared remarks to the Economic Club of Chicago, Federal Reserve Chair Jerome Powell reiterated that the Trump administration’s tariffs are “significantly larger than anticipated.”

Federal Reserve Chairman Jerome Powell spoke to the Economic Club of Chicago on Wednesday and quoted “great Chicagoan” Ferris Bueller as he made his point.

Gov. Newsom says California will challenge President Trump’s authorities to impose tariffs under the International Emergency Economic Powers Act.

Many consumers are concerned that their traditional Easter meals could come with a higher price tag this year. Elyse Schoenig reports.

Ray Dalio, the founder of the hedge fund Bridgewater Associates, warned in an interview on NBC News’ “Meet the Press” about tariffs, growing debt and other economic and political concerns.

Howard Lutnick threw cold water on the reciprocal tariff exemptions on Sunday, saying that separate tariffs on these products are “coming soon.”

Treasury yields have been behaving unusually, sparking concerns that the typical “safe haven” investment might be losing some of its shine.

The internet has offered up a host of alternatives as egg prices continue to be stubbornly high. Influencers are dyeing everything from marshmallows to potatoes.

President Donald Trump now says certain technology devices will be exempt from the 145% tariffs imposed on China.

A generation accustomed to financial challenges is dealing with their recession fears through wry TikToks and by swapping cost-cutting suggestions online.

Some small business owners in the Chicagoland area said they’re doing their best to avoid passing on rising costs to customers amid looming tariffs. Opened in 2022, the co-owner of Tasa Coffee Roasters in West Humboldt Park like many other small businesses have been dealing with increases in prices of goods. “I’ve seen it gone up at least I’d...

Opened in 2022, the co-owner of Tasa Coffee Roasters in West Humboldt Park like many other small businesses have been dealing with increases in prices of goods.

The University of Michigan consumer survey’s mid-month reading on sentiment fell to 50.8.

Frontier follows Delta in pulling its 2025 full-year forecast due to economic uncertainty.

After yesterday’s rebound on Wall Street, markets dropped again today

Turntables from China used at the Dallas Fort Worth Car and Toy Museum got hit with a 125% tariff, but the owner accepts it and supports the end goal.

Some of the stiffest new tariffs are on hold, but experts say shoppers’ bills for White House trade policies are coming due soon.

The fear of tariffs means millions of Americans might be tempted to stock up on certain goods before prices begin to rise. But, experts warn, don’t rush into panic buying.

Illinois Gov. J.B. Pritzker reacted to the Trump administration’s tariffs on China as tariffs on other countries were paused for 90 days. NBC Chicago’s Vi Nguyen reports.