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Inflation Rose 3% in January on Sticky Price Pressures

Inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore the Federal Reserve’s resolve to delay any further interest rate cuts.

February 12, 2025

Ohio’s EV Charger Expansion Stalls After Federal Freeze

It’s now unclear whether Ohio will build any more of the federally funded charging stations, as President Donald Trump’s team has directed all states to halt new spending of the money.

February 11, 2025

Wisconsin Grants $100 Million for Ag, Forestry Road Repairs

Wisconsin Gov. Tony Evers has awarded $100 million to the state transportation department to spend on 55 projects repairing rural roads to better move agricultural and forestry products.

February 11, 2025

Powell Signals No Rush to Cut Interest Rates Further

“We know that reducing policy restraint too fast or too much could hinder progress on inflation,” Powell said in prepared testimony for the Senate Banking Committee.

February 11, 2025

GM and Ford Lobby to Save EV Tax Incentives

Among the options being floated if the Trump administration moves to strike EV incentives is a three-year wind down to allow more time for the companies to adjust their businesses.

February 11, 2025

Trump Considers Tariff Exemption on Australian Metals

President Donald Trump said he agreed to consider a tariff exemption on Australian steel and aluminum imports after a telephone call on Feb. 11 with Australia’s prime minister.

February 11, 2025

Ford CEO Says Tariffs Would ‘Blow a Hole’ in Auto Industry

Ford CEO Jim Farley will travel to Washington on Feb. 12 to warn Congress that the 25% tariffs President Donald Trump has proposed on Canada and Mexico would “blow a hole” in the auto industry.

February 11, 2025

Mexico to Start Talks With US on Steel, Aluminum Tariffs

Mexico will consult with the U.S. to explain why it considers the steel and aluminum tariffs ordered by President Donald Trump as “not justified,” said Economy Minister Marcelo Ebrard.

February 11, 2025

EU Vows to Tax US Bourbon, Jeans, Peanut Butter, Motorcycles

U.S. tariffs on steel and aluminum “will not go unanswered,” European Union chief Ursula von der Leyen vowed on Feb. 11, adding that they will trigger tough countermeasures.

February 11, 2025