President-elect Donald Trump's threatened tariffs on imports from Mexico and Canada would reignite inflation in 2025, hurt the economy, experts say.

Mexican President Claudia Sheinbaum has suggested Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods if the count

Federal Reserve officials discussed potentially slowing down or pausing interest-rate cuts if progress on lowering inflation stalled out when they met earlier this month. Officials thought that if the economy performed in line with their expectations that inflation would continue to decline steadily,

The Federal Reserve’s November minutes have revealed cautious optimism among investors. Inflation is easing, and the labor market seems to be holding strong which has set up a stage for gradual rate cuts.