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Economy

Trump scores golden gifts as United States and Seoul advance trade talks

By CHRIS MEGERIAN
Oct 29, 2025 7:25 am - The United States and South Korea advanced trade talks on Wednesday, addressing details of $350 billion that would be invested in the American economy, after negotiations and ceremonies that included the presentation of a gold medal and crown to President Donald Trump.
Consumer confidence dips modestly in October with Americans concerned about the future

By Matt Ott
Oct 28, 2025 9:28 am - Consumer confidence weakened slightly in October as Americans remain anxious about their future financial prospects.
Federal Reserve likely to cut key rate Wednesday and may signal another cut to follow

By CHRISTOPHER RUGABER
Oct 28, 2025 8:12 am - The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring.
Trump administration narrows list of potential Federal Reserve chairs to 5

By CHRISTOPHER RUGABER
Oct 27, 2025 4:32 pm - Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year.
Suburban businesses should beware new taxes disguised as ‘solutions’

By Matt Paprocki
Oct 25, 2025 12:30 pm - Suburban business owners long have depended on and contributed to Chicago’s economy. Three major proposals could shape the economic landscape before the year ends: a tax-laden fix for the transit deficit, a proposed business head tax and new levies on the tech sector.
State leaders celebrate women entrepreneurs who bring in $165B in yearly revenue

Daily Herald report
Oct 25, 2025 12:24 pm - The Illinois Department of Commerce and Economic Opportunity is celebrating National Women's Business Month throughout October by recognizing the significant contributions of women-owned businesses across the state.
America may run out of Christmas decor this year. Here’s why.

By Jaclyn Peiser
Oct 25, 2025 1:53 am - If you’re hoping to deck your halls with boughs of (faux) holly, now would be the time to head to the store. A potential shortage of artificial trees, wreaths, garlands and other seasonal adornments is looming thanks to a tariff-induced frenzy that caused companies to pause or cancel imports during peak manufacturing season, industry experts warn.
US inflation stays elevated but prices rose less than feared last month

By CHRISTOPHER RUGABER
Oct 24, 2025 8:05 am - U.S. inflation remained elevated last month as gas prices jumped while the cost of rents and some services cooled, painting a mixed picture of the expenses consumers are facing in a murky economy where growth appears steady but hiring slow.
Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year

By ALEX VEIGA
Oct 23, 2025 11:16 am - The average rate on a 30-year U.S. mortgage fell this week to its lowest level in more than a year, extending a recent trend that’s helped give lagging U.S. home sales a boost.
Trump’s immigration crackdown weighs heavy on the US labor market

By PAUL WISEMAN and GISELA SALOMON
Oct 20, 2025 10:41 am - President Donald Trump’s sweeping crackdown on immigration is throwing foreigners out of work and shaking the American economy and job market. And it’s happening at a time when hiring is already deteriorating amid uncertainty over Trump’s erratic trade policies.

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