Transportation Economy News Updates

President Trump said if Hassett were to leave the White House National Economic Council, it would deprive the administration of one of its most powerful messengers of the economy.

The Federal Reserve is expected to cut short-term rates in 2026, with its key interest rate settling at 3.4% toward the end of President Donald Trump's term in office in 2028, according to the CBO.

The global economy is forecast to expand 2.7% this year, down from an estimated 2.8% in 2025, the U.N. said in its World Situation and Prospects study released Jan. 8.

The U.S. and more than 100 other countries finalized an agreement that would exempt American companies from some foreign taxes, the culmination of a monthslong effort to create a carve-out.

President Trump's approach to renegotiating trade deals has injected unease into international supply chains as well as a domestic trucking industry already 2½ years into a downturn.

U.S. GDP from July through September — the economy’s total output of goods and services — rose from its 3.8% growth rate in the April-June quarter, the Commerce Department said Dec. 23.

Transportation and warehousing employment fell by 8,000 jobs in November and is down 78,000 jobs since its February peak, according to the BLS Employment Situation report for November.

President Trump's aggressive approach to trade policy, alongside other market disruptions, left trucking looking for clarity on a market recovery, investments and equipment.

Chinese leader Xi Jinping said officials should not only be assessed by the economic growth rate, but also their achievements in ensuring people’s well-being and maintaining stability.

In addition to sales expectations and hiring intentions, the overall index was boosted by a slight improvement in plans to increase inventories and earnings trends.