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,
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.
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
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.
The CPI report for February to be reported in March is expected to show cooling inflation per nowcasts, but even so the FOMC may remain patient in cutting rates.
The survey director noted that long-range inflation expectations have increased quickly, calling it an “unusually large increase."
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.
The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with another potential red flag for the US economic engine: Consumers pulled back their spending by the most in nearly four years.
WASHINGTON (NEXSTAR) — 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 2.6%.
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.
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.