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Trump threatens to fire Powell if he doesn’t leave Fed board; probe to continue
President Donald Trump threatened to fire Jerome Powell from his separate seat on the Federal Reserve Board of Governors if he does not vacate that post as well when his term as Fed chief ends.
Existing home sales hit nine-month low in March
Existing home sales fell to a nine-month low in March amid tight inventory and growing concerns over the labor market.
Record surge in gas prices fuels consumer inflation in March
U.S. consumer prices increased by the most in nearly four years in March as the war with Iran boosted oil prices and the pass-through from tariffs persisted.
Maryland gains 4,500 jobs in January
Based on new employment data released by the Bureau of Labor Statistics, Maryland has experienced moderate job growth.
Job growth accelerates by the most in 15 months in March
U.S. job growth rebounded sharply in March as a strike by health care workers ended and temperatures warmed up, but downside risks for the labor market are mounting.
Republicans propose gas tax holiday as prices at the pump soar
Maryland Republicans proposed a 30-day gas tax holiday to provide relief amid rising prices caused by the war in Iran, pending the governor's approval.
Fed holds rates steady as war in Iran clouds outlook
The Federal Reserve again left interest rates unchanged, ignoring President Donald Trump’s demands for cuts while acknowledging the war with Iran increases uncertainty.
Drivers face long-term pain at pump as gas prices soar, analysts say
Traders and industry analysts see signs that pump prices will stay painfully high long after any diplomatic breakthrough in the Iran conflict.
Trump orders agencies to cut red tape on homebuilding, mortgages
President Donald Trump signed two executive orders aimed at improving housing affordability as the White House moves to address a key voter concern.
‘The staple of our country’: MD lawmaker pushes for businesses to accept cash
State lawmakers are considering a bill that would require businesses to accept cash payments for purchases less than $300.
Shipping waiver, stockpile release will not ease gas prices, analysts say
A potential waiver to U.S. shipping restrictions and a record release of oil stockpiles by world governments might slow gas price increases but won't end them, analysts said.
Low layoffs anchoring labor market; Iran war poses threat to stability
Filings for unemployment fell last week, suggesting labor market conditions remained stable even after the economy shed jobs in February.
