The economy rebounded strongly from the COVID shock, but the U.S. continues to grapple with a cost-of-living crisis and spiraling federal debt.

The freeze will last until OMB, OPM and the Department of Government Efficiency submit a plan to the White House to reduce the size of the federal workforce.

More immediately, however, the rise in Treasury yields is hammering investor calculations for U.S. stocks, which are based in part on the so-called risk-free rate (and slump lower when rates move higher), as well as bets the Fed will reduce its benchmark lending rate over the first half of the year.

By Suzanne McGee and Saeed Azhar NEW YORK (Reuters) -Investors welcomed Donald Trump's second inauguration on Monday, saying it heralded a pro-business agenda and that they were relieved that protectionist trade policies may be implemented more methodically than many had feared.

White House instructs all government departments and agencies in the executive branch to end remote work arrangements.

President Donald Trump said Monday that he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to flesh out his plans for taxing Chinese imports.

President Donald Trump wasted no time announcing steps to implement many of his campaign pledges, including on immigration, energy, the military and federal workforce, casting many as reversing the policies of his predecessor, Joe Biden.

The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change.

US President-elect Donald Trump is taking office today with his incoming administration making significant promises for the crypto industry.

Gold prices firmed on Monday, supported by a weak U.S. dollar, as markets awaited Donald Trump's return to the White House and his inauguration speech later in the day for

Price and wage trends point to the Fed hitting its target this year, but whether it gets there now depends on Trump.