President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office. Yet Americans shouldn’t pencil in lower borrowing costs for mortgages, auto loans, or business loans just yet. Kevin Warsh is the likely successor to current Fed chair Jerome Powell when his term ends May 15. But Warsh will still face several hurdles to reducing rates even if he gets confirmed, including rising gas prices that are pushing up inflation, questions about his political independence, and 11 other Fed policymakers who have a vote on the decision, with most of them not ready to cut. Trump, meanwhile, has kept up the pressure.
From
To
The Iran war has stalled the world’s economic momentum this year, likely pushing growth lower compared to 2025, the International Monetary Fund warned Tuesday. The IMF downgraded its forecast for global growth to 3.1% in 2026 from the 3.3% it had forecast back in January. The expected growth would mark a deceleration from a 3.4% expansion in 2025. Citing higher energy prices caused by the war, the IMF marked up its expectation for global inflation this year to 4.4% from 4.1% in 2025 and from the 3.8% it had forecast for this year in January.
JOHANNESBURG (AP) — South African motorists were on Tuesday headed to gas stations in large numbers in anticipation of record fuel hikes that …
PRISTINA, Kosovo (AP) — Kushtrim Ajvazi is proud to be part of a successful business in one of the poorest countries in Europe. The company wh…
The Delaware River and Bay Authority has rescheduled a virtual public hearing to discuss proposed 2026 fare changes for the Cape May–Lewes Ferry, with the forum now set for 6:30 p.m. Monday, Feb. 9.
A bipartisan group of lawmakers met Tuesday in Dover to hear how Delaware’s recent statewide property reassessment is affecting businesses, manufactured homeowners, and multi-family housing.
It's not uncommon for real Christmas trees this year to cost $200 locally due to a multiple factors affecting supply and demand on a national level. Local businesses have different pricing strategies while national supply generally remains stable post-Hurricane Helene. Though rising costs contribute to higher prices, the spirit of Christmas continues to drive customers to shop local.
Shoppers in Georgetown express concerns over high Thanksgiving dinner prices in.
Amidst the challenges posed by inflation, one Ocean City business owner has found a creative solution to mitigate rising costs while tapping into a family tradition.
The Milton Community Food Pantry handed out everything from whole frozen turkeys to stuffing to produce ahead of Thanksgiving for those in need.