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 next week, in addition to tariffs on the EU already announced.
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.
Consumers cut spending by most in four years last month even as inflation fell
· 12h · on MSN
US consumer spending declines; annual inflation subsides
Inflation is easing, but another alarm bell is ringing about the US economy
The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with a red flag for the US economic engine: Consumers pulled back their spending by the most in nearly four years.
Fed May Need to Balance Inflation, Growth Concerns
Investors have grappled with high inflation since the pandemic. But perhaps they shouldn't be so quick to dismiss inflation after all.
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.
Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged
Intelligencer on MSN13h
Trump’s Approval Rating Falls and Could Collapse Over InflationDuring the first month of his second term, Donald Trump’s popularity started out mildly positive but has slowly eroded, according to the FiveThirtyEight averages. As of January 24, his job-approval ratio was 49.
Wall Street is falling again Tuesday as U.S. households get more pessimistic about the economy because of inflation, tariffs and other policies coming from Washington.
U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research group said Tuesday.
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