News & Updates
Mixed Inflation Data
It seems that the economy under Biden was not as healthy as he said it was. There have been revisions to the 2024 employment numbers, and it seems jobs were over reported by about 911,000. While this has drawn criticism by Biden's critics, it is also fair to point out that it means Trump's economy thus far has not shown a significant recovery as promised.
Interest Rates Drop
The Fed has dropped interest rates to 3.75%-4.00%. Dropping interest rates by 0.25% isn't significant, but it still may jog the economy.
One Big, Beautiful Bill
Congress recently passed the One Big, Beautiful Bill, which President Trump signed into law in July 2025. The legislation makes his 2017 tax cuts permanent and introduces a wide range of new tax rules, including deductions for tips, overtime, and car-loan interest, as well as an expanded child tax credit. It also creates “Trump Accounts” for newborns and restructures funding for several federal programs. With its mix of tax changes and spending adjustments, the bill marks one of the largest overhauls of the tax code in recent years.
Tariffs
President Trump has implemented tariffs on imports from countries like China, Mexico, and Canada, aiming to reduce trade imbalances. In response, the stock market has become more volatile, with major indices experiencing declines. Investors are now navigating the uncertainty caused by these new trade policies.