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Midsize firms' tariff payments tripled last year, analyses show

WASHINGTON Federal Reserve economists and a JPMorganChase Institute analysis found tariffs imposed last year increased costs for U.S. firms and consumers. On Feb. 19, JPMorganChase reported midsized firms' tariff payment…

Japan Announces $36B U.S. Investments in Energy, Industry

WASHINGTON: President Donald Trump's administration announced on Tuesday three Japan-financed projects worth $36 billion, representing the first tranche under Tokyo's $550 billion U.S. investment pledge tied to a trade d…

U.S. Regional Gas Prices Rise Amid Seasonal Trends

United States. Regional gasoline prices moved modestly this week as national averages edged higher, according to GasBuddy and AAA surveys. Michigan averages rose to $2.98 per gallon after a 15-cent weekly increase, while…

U.S. Inflation Slows as Core Pressures Still Persist

WASHINGTON — The U.S. Labor Department reported Friday that consumer prices rose 2.4% in January from a year earlier, down from 2.7% in December, while core CPI excluding food and energy rose 2.5%. Monthly inflation show…

U.S. Consumer Inflation Falls to Nearly Five-Year Low

WASHINGTON — Consumer prices rose 2.4% year-over-year in January, down from 2.7% in December, as gas prices and apartment rent growth cooled, official U.S. data show. Core inflation, excluding food and energy, increased …

States, Cities Navigate Tax Changes and Filing Uncertainty

Phoenix, Arizona Governor Katie Hobbs vetoed a tax conformity bill this week, leaving state income tax filings uncertain and raising the prospect that some early filers may need to refile; lawmakers continue to propose a…

Washington reports 130,000 jobs; revisions cut prior gains

Washington: U.S. employers added 130,000 jobs in January and the unemployment rate fell to 4.3 percent, the Labor Department reported Wednesday, signaling unexpected payroll strength. Major revisions reduced 2024–2025 jo…

State and local tax deadlines set for April 15, 2026

New York — State and local tax authorities set filing and payment deadlines for returns on April 15, 2026. Connecticut, New Jersey, Maryland and Washington, D.C. aligned their 2026 individual income tax deadlines with th…

Lottery revenues and large prizes drive recent payouts

United States. State lotteries reported transfers and jackpots, with state officials confirming revenue and prize claims. The Mississippi Lottery transferred $12,060,016.71 in January, bringing fiscal contributions to $7…

National gas prices rise; regional pumps see increases

United States, Gas prices rose this week across multiple U.S. regions nationwide, according to GasBuddy reports. Peoria drivers saw averages climb to $2.94 per gallon, up nearly 10 cents over the prior week and about 13 …

Jobless Claims Rise to 231,000 in Latest Week

Washington. The Labor Department reported Thursday that initial U.S. jobless claims rose by 22,000 to 231,000 for the week ending Jan. 31, the largest weekly increase in two months. The four-week moving average increased…

Regional Gas Prices Shift Across U.S. This Week

United States. Regional gasoline prices moved this week as local averages diverged: Tennessee rose to $2.54 per gallon while Arkansas held near $2.40. Green Bay fell to $2.50 and Peoria averaged $2.84; Florida reached $2…

US Eases Sanctions, Allows Oil Operations in Venezuela

Washington, The U.S. Treasury on Jan. 29 this week issued a general license allowing established U.S. entities to engage in specific transactions involving Venezuelan-origin oil, including lifting, exportation, refining …

Trump to Announce Fed Replacement After Rate Criticism

WASHINGTON — President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell this week after the Fed voted 10-2 to hold its benchmark rate, urging that the central bank "substantially" lower rates and calli…

States, Cities Advance Wide-Ranging Tax Proposals This Year

United States — Local and state governments proposed and advanced tax changes this week. Colorado’s Department of Revenue opened the 2025 income tax filing season on Tuesday, with an April 15 deadline and guidance for on…

U.S. Gas Prices Rise Amid Iran Sanctions, Storms

United States. National gasoline averages rose about 7.5 cents this week to roughly $2.84 per gallon, GasBuddy data show, while diesel rose about 7.8 cents to $3.543 per gallon. Local markets varied: Peoria fell two cent…

State and Local Gas Averages Move with National Trends

United States. Local and state fuel averages shifted this week as national gasoline prices rose slightly while several states reported lower or steady pump costs. AAA and GasBuddy reported statewide changes Monday: Georg…

IMF Sees 2026 Growth Steady Amid Tariff Shock

Washington: The International Monetary Fund said global growth will hold at 3.3 percent in 2026 after revising forecasts up 0.2 percentage points from October, citing easing trade tensions and strong technology investmen…

IMF Raises Global Forecast as AI Investment Surges

Washington — the International Monetary Fund said Monday it raised its global growth forecast to 3.3% for 2026, citing rising artificial intelligence investment and easing trade disruptions. The IMF also upgraded the Uni…

World Bank Forecasts Slight Rebound in 2026 Growth

Washington The World Bank released its Global Economic Prospects report on January 13 stating global GDP growth will slow to 2.6% in 2026 from 2.7% in 2025 before rising to 2.7% in 2027. The bank said about two thirds of…

Jobless claims rise modestly; productivity surges recorded

WASHINGTON. The U.S. Labor Department reported initial jobless claims rose by 8,000 to a seasonally adjusted 208,000 for the week ended January 3, while the four-week moving average fell to 211,750. Continuing claims inc…

States Report Mixed November 2025 Employment Outcomes

United States federal- and state-level employment releases show mixed November 2025 labor-market results. State reports indicated unemployment rates rose in Pennsylvania, Arkansas, Washington, Oregon and Ohio while Massa…

U-Haul Data Shows Continued Migration to Sunbelt States

United States — U-Haul's 2025 Growth Index shows ongoing population shifts toward Sunbelt states, with Texas ranked first, followed by Florida, North Carolina, Tennessee and South Carolina. The report, based on more than…

States implement coordinated minimum wage increases Jan. 1

United States: State and local governments implemented minimum wage increases and related tax measures taking effect Jan. 1, 2026. Arizona raised its statewide minimum to $15.15 and Tucson to $15.45 under Proposition 206…

States Increase Minimum Wages Effective January First, 2026

United States. State governments and labor agencies announced nationwide minimum wage increases effective Jan. 1, 2026. Ohio will raise non-tipped pay to $11.00 and tipped to $5.50, with the applicability threshold risin…

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