The Federal Reserve held interest rates steady on Wednesday as the economy weathers its highest inflation in three years.
The move would be a first for a sitting president.
Congressional Democrats warn in a study out Friday, the administration's import taxes will cost American households an average of $2,512 in 2026, up 44% from $1,745 in tariff costs last year.
President Trump is dismissing skyrocketing gas prices as Americans start to feel the economic ripple effects of his war with Iran.
The Dow Jones Industrial Average closed down more than 400 points on Tuesday as the U.S.-Israeli war with Iran prompted a selloff.
Mayor Zohran Mamdani presented his first preliminary budget, hoping to first implement a tax on wealthy residents and corporations instead of raising property taxes.