Investors should rule out nothing from the Federal Reserve in 2025 if the newly minted Trump administration uncorks fresh tariffs on China and the European Union. "I think rate hikes are possible. Anything is possible.

The Chinese currency jumped against the US dollar as trade war worries receded, but some fear the gains may be ‘short-lived’.

Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump’s administration.

The dollar steadied against major peers on Thursday, continuing its near paralysis of the past two days before more concrete announcements on tariffs from U.S. President Donald Trump.

The S&P 500 was virtually unchanged in morning trading after pulling to the edge of its all-time high Wednesday following its sixth gain in seven days. The Dow Jones Industrial Average was up 87 points, or 0.2%, as of 10:40 a.m. Eastern time, and the Nasdaq composite was edging 0.3% lower.

Surging egg prices are the first sign that inflation has returned. Threatened tariffs would boost the prices of many goods and services.

President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep.

President Donald Trump began his second administration with a blitz of policy actions to reorient U.S. government priorities

President Donald Trump began his second administration with a blitz of policy actions to reorient U.S. government priorities

Trump threatened tariffs of as much as 60% on China during his campaign but has tempered his plans. Canada and Mexico are now being threatened with a 25% tariff.

Some of Trump's executive orders have an immediate policy impact. Others are more symbolic. Some already are being challenged by federal lawsuits.