In The News: Department of Economics
Food banks across the nation are grappling with funding and donation shortages following the Department of Agriculture's decision to halt $500 million in food deliveries. This development, coupled with changing tariff and trade policies, is impacting grocery bills for consumers.
Jimmy Lodge saw an immediate response to President Donald Trump’s auto tariff plan. Lodge, owner of My Auto Service at 6104 W. Cheyenne Ave., said his suppliers are already bracing for impact, with them saying “this is the world we live in today.”
Americans hoping for a drop in interest rates are going to have to wait it out. The federal reserve says they are keeping rates steady, but last month it was announced two rate cuts were coming in 2025.
The Trump administration’s whipsaw threats of tariffs with major trading partners such as Canada and Mexico have created a new level of global economic uncertainty, according to a 51ԹϺ economics professor, while a new study shows that Nevada could be one of the least hardest hit states by tariffs.
Food prices in the United States have surged by nearly 24 percent from 2020 to 2024, a significant factor that helped President Donald Trump regain the White House with a promise to reduce these costs.
Amid a time of financial uncertainty, with on-again, off-again tariffs and even fears of a recession, some locals tell me they're paying attention to the trends but it's not stopping them from making big purchases.
Tariffs on steel and aluminum products coming into the U.S. have increased to 25%, and President Donald Trump has removed exemptions from previous tariffs. The president says higher tariffs will help create jobs in the U.S., but the increases have stoked fears of a recession and led to massive selloffs in the stock market.
Fast-food chains are pulling out all the stops to woo price-pressured consumers. And that means the tried and true enticement: lower costs. From fries to chicken wings, consumers are looking for a deal and fast food chains are ready to provide them.
President Trump's mass deportation agenda is stirring protests and concerns nationwide, with significant implications for Southern Nevada's economy.
President Donald Trump vows to place 25% tariffs on imports from Mexico and Canada starting Tuesday. He also asserts tariffs on China will increase to 20%. Trump says the tariffs are meant to get countries to crack down harder on fentanyl trafficking into the U.S. as well as step up the fight at the border. The tariff threat has sent the stock market plunging.
Mark Tremblay, an assistant professor of economics at 51ԹϺ, is analyzing how fee transparency in short-term rentals may influence consumer and host behavior in pricing.
Deportations ordered by President Donald Trump could hinder Nevada’s economic growth and worsen the state’s housing crisis, experts say.