Smith said that the top federal tax rate will Increase to 43.4% for 26 million small businesses if Congress fails to act and allows the Section 199A Small Business Deduction to expire.

Consumer spending, which comprises the largest share of economic activity, surged in the December quarter, led by a pickup in motor vehicle sales.

Investors maintained bets for further easing, pricing an additional 70 basis points of cuts during the rest of 2025, which would lower rates to near 2 per cent.

The American economy ended 2024 on a strong note - but inflation pressure remains.The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — ...

Economists expect that real GDP grew about 2.5% in the period, below the third quarter’s growth rate, due to a trade deficit ...

The European Central Bank cut interest rates again Thursday and signalled more to come as the eurozone economy flatlines, while ...