The Republicans' tax cut and spending package, dubbed the "big, beautiful bill," includes a tax deduction for car loan interest of up to $10,000 annually for qualified vehicles.

In a couple of weeks we will get the first reading for third quarter GDP growth, and the current consensus among economists is for growth to be right around the same two percent.

A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.

Jamie Dimon warned that markets are underestimating inflation and the risk of more Fed rate hikes amid global trade tensions.

President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting.

Trump hopes to get lower rates by replacing Fed Chair Jerome Powell with someone who would do what the president wants. But Powell’s term as chair does not end until May 2026. He’s insisted he won’t resign early.

DUBLIN (Reuters) -JPMorgan Chase CEO Jamie Dimon said on Thursday he thought the market was underestimating the possibility of U.S. interest rates climbing higher, a possibility he described as a "cause for concern".