Tariff threats and uncertainty could weigh on consumers, drag down US economy, gov't report suggests
Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy. Data released Friday showed that consumers slashed their spending by the most since February 2021,
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Granite sees ‘tremendous support’ for IIJA from Washington
On the California-based roadbuilder’s fourth quarter earnings call, CEO Kyle Larkin said the market was among the strongest he’s encountered, though inflation looms.
Tariff threats and uncertainty could weigh on consumers, drag down US economy, gov’t report suggests
Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy. Data
China slams US port-fee proposal, warns of retaliation
If Washington follows through on latest trade threats, it would worsen inflation in the US and ‘backfire on its own economy and job market’, Ministry of Commerce says.
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Stock market today: Wall Street falls toward another loss as US consumers get more pessimistic
U.S. stock indexes are heading for another drop following the latest signal that inflation, tariffs and other policies coming from Washington have U.S. consumers feeling more pessimistic about the eco
Inflation fell to 2.5% in January in Fed’s preferred gauge
Inflation fell a tenth of a percentage point to 2.5% for the year ending in January, the Bureau of Labor Statistics reported Friday in an update to the Federal Reserve’s preferred gauge. The decline in the personal consumption expenditures index from 2.
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New data shows inflation cooled slightly in January
A new report out from the Commerce Department shows inflation cooled off slightly last month. The Personal Consumption Expenditures price index showed inflation rose 2.5% from the year before, down from December’s 2.
Washington builders brace for impact of Trump's proposed tariffs
SEATTLE — The Trump Administration's tariff strategy is expected to hit Washington consumers hard, affecting everything from groceries to home construction. Proposed 25% tariffs on goods from Canada and Mexico are due to take effect March 4, in addition to tariffs on the European Union already announced.
Rise in US inflation expectations means Fed has to stay on guard, Schmid says
Recent surveys showing a rise in consumer inflation expectations mean the U.S. central bank needs to keep its focus on ensuring price pressures are fully contained, Kansas City Federal Reserve President Jeff Schmid said on Thursday,
Gobsmacked by groceries: Inflation inching higher for Washington consumers weary at the market
In a December interview after winning the election for president, Donald Trump credited his win at the polls on two topics: immigration and the economy.
Should Investors Welcome Inflation Or Run From It?
Investors have grappled with high inflation since the pandemic. But perhaps they shouldn't be so quick to dismiss inflation after all.
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Consumers cut spending by most in four years last month even as inflation fell
A key price gauge declined last month, a sign that inflation may be cooling though stiff tariffs threatened by the White House threaten that