Ben Caxton delivers the May 5, 2026 edition of the Daily Unbiased Report, breaking down the Federal Reserve's decision to hold interest rates steady amid cooling inflation and a resilient job market. The episode also covers proposed steep tariff hikes on Chinese imports like EVs and semiconductors, plus the Senate Judiciary Committee's advancement of a key AI oversight bill. Listeners get straight facts on how these developments could impact borrowing costs, consumer prices, and global supply chains.

• Fed's unanimous decision to keep federal funds rate at 4.25%-4.50%, with Chair Powell emphasizing data-dependent policy.
• Inflation at 2.8% core PCE, unemployment steady at 4.2%, and implications for mortgages, auto loans, and savings yields.
• US Trade Rep's proposal for 100% tariffs on Chinese EVs, plus hikes on semiconductors and steel, sparking China retaliation threats.
• Senate Judiciary Committee's progress on AI legislation addressing oversight and risks.
• Quick hits on markets, supply chains, weather, and corporate news.

The Fed's hold on rates signals caution despite progress on inflation from 9% peak, balancing labor strength against growth risks. Tariff proposals aim to counter China's subsidies but could raise prices on EVs and tech components, pushing supply chain shifts to Mexico and Vietnam. The AI bill's committee clearance marks a step toward regulating emerging tech amid national security concerns.

These stories matter because they directly influence your wallet—from higher loan rates and grocery prices to the future of AI-driven jobs and innovation.

Federal Reserve rates, Jerome Powell, US-China trade war, tariffs on China, AI regulation bill, inflation update, interest rates 2026, supply chain shifts, Senate AI legislation

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