Supreme Court Chief Justice John Roberts began administering the oath to Trump and told him to raise his right hand before first lady Melania Trump, who was holding the Bible, made it to Trump’s side. Video and images of the ceremony show that Trump repeated the oath but never moved his left hand onto the Bible.

Mr. Bessent and Stephen Miran, Mr. Trump’s choice to lead his Council of Economic Advisers, have argued that broad-based tariffs will not cause inflation because U.S. tariffs tend to cause the value of the dollar to rise, offsetting the duties by making imports effectively cheaper.

The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.2% last month from November, down from a 0.4% gain the month before. Compared with a year earlier, producer prices rose 3.3%, biggest jump since February 2023 and up from a 3% gain in November.

Bloomberg reported that members of President-elect Donald Trump’s incoming economic team are ... Today, all eyes are focused on the U.S. Producer Price Index, which is set to be released in a couple of hours. Economists, on average, forecast that the ...

U.S. producer prices rose less than expected in December as higher costs for goods were partially offset by stable services prices, suggesting inflation remained on a downward trend after progress had stalled in recent months.

On Thursday, at the confirmation hearing for Scott Bessent as Treasury secretary, Senator Ron Wyden, the Oregon Democrat, said of Trump’s planned tariffs, “You can call it whatever you want in terms of trying to gussy it up. They’re going to be paid for by our workers and small businesses.”

Donald Trump is holding off on tariffs during his first day and placing a big bet that his executive actions can cut energy prices and tame inflation.

The report from the U.S. Bureau of Labor Statistics could help ease market concerns that inflation is proving stubborn.

Wholesale-level inflation heated up further to close out 2024, a sign that price pressures are building at a time when President-elect Donald Trump threatens to unleash a substantial array of tariffs.

The producer price index for final demand rose 0.2% last month after an unrevised 0.4% advance in November, the Labor Department's Bureau of Labor Statistics said on Tuesday.

The Labor Department reported Tuesday that its producer price index — which tracks ... Many economists are worried that President-elect Donald Trump’s promises to impose tariffs on foreign ...

The US CPI inflation report reveals 3rd consecutive increase but Bitcoin price and crypto market saw further recovery as Treasury yield drop