By Robert Romano The U.S. Gross Domestic Product (GDP) grew by 2.97 percent annualized in the second quarter, according to the latest data compiled by the Bureau of Economic Analysis . It’s a good number. The number, following a 0.5 percent decrease in the first quarter, when imports — which are subtracted from GDP — were stockpiled in anticipation […]

By Robert Romano Consumer prices increased slightly in June by 0.3 percent to an annual rate of 2.8 percent , but not because of imports, the latest data from the Bureau of Labor Statistics shows, with import prices only rising 0.1 percent . In the past year, import prices are actually down 0.2 percent. The Federal Reserve has been holding interest rates at an elevated level since 2022 to deal […]

By Bill Wilson While most attention is being paid to the Trump administration’s efforts to secure U.S. borders and deport the millions of illegal aliens that have been allowed to roam our streets, there is an equally intense battle raging. This less seen war is over the […]

By Robert Romano “Are the prices just not passed through yet? No, I think what’s happening is everything’s evening out. You know, when we charge, see what people don’t understand the other countries have been charging almost — every country charges us tariffs. We had deficits with […]

By Robert Romano For a while, it looked like it might be one, big, beautiful mess, but now Congress has officially enacted, H.R. 1, the One Big Beautiful Bill Act , fulfilling Republicans’ legislative agenda on tax cuts, the border and immigration enforcement that President Donald Trump and Congressional Republicans campaigned on in 2024 that […]

By Robert Romano   Antitrust concerns don’t arise without good reason. More often than not, modern-day mergers between larger players in an industry can mean layoffs for workers and bad deals for consumers. It’s rare that a good deal comes along that spurs economic investment, brings back […]

By Robert Romano Each day another story comes out about the games and outright deceptions being run on the public and members of Congress as the effort to enact a budget plan drags on. The process is so cumbersome and mutated because Congress is unable or unwilling […]

By Robert Romano 52 percent of voters say the U.S. economy is strong but 39 percent say inflation is still the top issue facing the nation, according to the latest polling from Harvard-Harris taken June 11 to June 12. The stark turnaround in public sentiment towards the economy from former President Joe Biden’s tenure, […]

By Robert Romano Consumer and producer inflation continued cooling in the month of May, only rising 0.1 percent in both categories, according to the latest data compiled by the Bureau of Labor Statistics, amid increasing energy production and cooling demand. Energy dropped 1 percent on the consumer side including […]

By Robert Romano “I want to see the tax cuts made permanent, but I also want to see the $5 trillion in new debt removed from the bill. At least 4 of us in the Senate feel this way.” That was Sen. Rand Paul (R-Ky.) on X.com on June 3 outlining his and at least three […]