When it comes to the economy, the Republican president-elect won't express any gratitude toward the Democratic incumbent, but he probably should.

Biden pardoned people who were in prison for nonviolent crimes like marijuana possession or violating the military’s antiquated laws banning gay sex. A commutation allows the verdict to remain while lessening punishment, while a pardon completely nullifies a conviction.

Shares have suffered heavy falls to end the trading week, and some economists say a trending change in markets could mean the rout is not over yet.

Trump’s ability to project strength and assure voters that he would reduce inflation helped him win November’s election. Stocks initially climbed on the prospect of tax and regulatory cuts, but Trump still faces a skeptical public and appears to be starting his presidency from a more delicate position than Biden did four years ago.

Inflation fell worldwide in 2024, but voters expressed discontent with rising prices from past years, leading to the defeat of incumbent parties. Donald Trump’s re-election in the U.S. exemplified global political shifts amid economic woes.

He has promised to tame price increases. But even a president can only do so much.

According to the model, Trump’s tariffs would result in consumer ... the Fed to decide between raising interest rates to combat inflation or cutting them to stimulate economic growth.

At stake is inflation, immigration, China relations, Russia-Ukraine war, Israeli-Palestinian crisis and climate change - Anadolu Ajansı

President-elect Donald Trump has vowed to enact across-the-board tariffs, targeted import duties on China, Canada and Mexico, and tax cuts.

Despite making a promise of lowering prices on inflation a central part of his presidential campaign, and admitting that that promise was key to his being elected, Donald Trump is now waffling on whether that's even possible.

Slowing inflation has created room for Singapore's central bank to ease monetary policy in January but it may wait until later in 2025 so it can assess incoming U.S. President Donald Trump's policies,