Key Takeaways Some of President Donald Trump's executive orders on his first day in office aimed to reduce housing and energy costs by reducing regulations and encouraging oil drilling.Housing and energy costs make up significant portions of household spending and inflation,

President-elect Donald Trump on Monday will sign a memorandum aimed at fighting inflation after he takes office that calls for an "all of government" response to bring down costs for Americans, an incoming White House official said.

Incoming White House officials said the presidential memorandum would outline an all-of-government approach to bringing down prices for consumers.

“Today, I will sign a series of historic executive orders. With these actions, we will begin the complete restoration of America, and the revolution of common sense,” said Trump, who at midday Monday became only the second U.S. president to serve nonconsecutive terms, after Grover Cleveland in the late 1800s.

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. But it’s unclear

Trump promised tariffs on Day 1, yet no tariff policies have been announced so far. But a federal government hiring freeze has been enacted.

Amid a flurry of executive actions upon his inauguration Monday, US President Donald Trump took aim at the subsidies in the Inflation Reduction Act (IRA), a massive congressional spending package signed by Joe Biden in 2022 that unleashed funding for carbon capture, clean hydrogen, electric vehicles and more.

Inflation has fallen sharply over the past two years, although it’s turned sticky lately and remains moderately above the Federal Reserve’s 2% target. Click to read.

By declaring a national emergency on energy, Trump will make it a priority of his administration to increase the domestic production of oil and other forms of fossil-fuel energy, officials said. It comes as U.S. crude oil production has already hit an all-time high over the past year.

During his inaugural address, President Trump claimed that the United States “lost 38,000 lives” during the construction of the Panama Canal. This is similar to a claim he’s made before—in 2023 he quoted a figure of 35,000 deaths.

According to a Jan. 22nd report by Bloomberg, BOJ Governor Kazuo Ueda and the Bank of Japan (BOJ)’s board are gonna raise the overnight call rate by 25 basis points to 0.5%. If confirmed, this increase would be the largest since February 2007.