latest news in economy
Dimon Warns DOJ Probe Into Federal Reserve Could Trigger Higher Interest Rates
New York, Wednesday, 14 January 2026.
JPMorgan’s CEO warns the administration’s criminal probe into Chair Powell will backfire, creating market instability that forces the very interest rate hikes the White House hopes to prevent.
December Inflation Data Reveals Cooling Trend as Price Growth Slows Unexpectedly
Washington D.C., Tuesday, 13 January 2026.
Core inflation hit a four-year low of 2.6% in December, missing forecasts. This cooling trend offers the Federal Reserve a confident signal of stability despite recent government shutdown distortions.
Yardeni Attributes Economic Resilience to Massive Baby Boomer Wealth Advantage
New York, Monday, 12 January 2026.
Controlling a staggering $85.4 trillion, Baby Boomers now drive US economic resilience, creating a “gen-shaped” dynamic that sustains growth despite the affordability crisis squeezing younger generations.
Federal Reserve Criminal Inquiry Threatens to Halt 2026 Interest Rate Cuts
Washington, Monday, 12 January 2026.
Despite administration pressure for cheaper money, the DOJ’s criminal probe into Chair Powell is expected to freeze rate cuts throughout 2026, directly contradicting the President’s economic goals.
US Envoy Confirms Critical Trade Talks Resume Jan 13 as India Joins Strategic Alliance
New Delhi, Monday, 12 January 2026.
Ambassador Sergio Gor confirmed trade negotiations resume January 13. Crucially, he announced India’s invitation to the exclusive US-led Pax Silica alliance next month, signaling deeper cooperation despite recent tariff tensions.
Criminal Investigation Opened Into Fed Chair Powell Over Renovation Testimony
Washington D.C., Monday, 12 January 2026.
In an unprecedented move challenging the Federal Reserve’s independence, U.S. prosecutors have opened a criminal investigation into Chair Jerome Powell. The probe centers on allegations that Powell misled Congress regarding the scope and costs of the central bank’s headquarters renovation. While the inquiry focuses on construction details, Powell contends this legal action is a political pretext used by the Trump administration to pressure the Fed into lowering interest rates, raising critical questions about the future of monetary policy autonomy.