United States Economy

• Bessent Accelerates Regulation Overhaul to Jumpstart Growth - The Treasury Secretary unveiled changes to the Financial Stability Oversight Council to ease “overregulation.”
• Trump’s Tariffs Shrank the U.S. Trade Deficit in September - U.S. imports and exports ticked up from lows the previous month when the president’s global tariffs went into effect, while the trade deficit continued to fall.
• Trump Gets to Pick a New Fed Chair but a Divided Board Still Gets a Say - President Trump wants substantially lower borrowing costs, but officials at the central bank appear ready to resist delivering further cuts if the economic backdrop does not warrant it.
• Trump Doesn’t Want to Talk About Affordability. Democrats Say That’s a Gift. - The president continues to brush off an issue that he said he would solve in his first months in office. Some Democrats say he is making the same mistake as his predecessor.
• As the Price of Beef Soars, Restaurants Are in ‘Code Red’ Mode - Midpriced steakhouses and fine-dining establishments are trying to figure out how to cover their rising costs without scaring away customers.
• At Fed Meeting, Interest Rate Cut Expected Amid Divisions - The central bank is poised to lower interest rates on Wednesday even as a growing chorus of officials urge caution.
• Trump’s Nvidia Chip Deal Reverses Decades of Technology Restrictions - President Trump’s decision to allow Nvidia to sell its chips to China has raised questions about whether he is prioritizing short-term economic gain over long-term American security interests.
• Same Product, Same Store, but on Instacart, Prices Might Differ - The findings are the latest example of how the notion of a single price is breaking down in the digital age, a trend economists say could be pushing up some prices.
• Trump Insists Tariffs Will Buoy the Economy and Ease Cost Concerns - The president rolled out a $12 billion bailout for farmers as he makes the case that his policy is working — or will soon.
• Have Trump’s Tariffs Gone as High as They Can Go? Business Hope So - A wave of companies are petitioning for exemptions from the Trump administration’s high levies on foreign-made goods, saying they are hurting business and raising prices.