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U.S. consumer spending drops as inflation pressure looms from tariffs
WASHINGTON >> U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of the Trump administration’s tariffs faded, while monthly inflation maintained a moderate pace of increase.
Economists warned that a barrage of new U.S. tariffs could trigger a renewed bout of inflation. So why aren't prices surging?
While the consumer price index is more commonly known, the Fed relies heavily on the PCE for deciding its stance on monetary ...
President Donald Trump held a lengthy press conference in the briefing room to celebrate some important Supreme Court ...
The US president’s liberation day tariffs are due to return from July 9, with warnings they could do as much inflation damage ...
Economists aren't as confident as the Trump administration in tariffs' ability to boost U.S. factories and jobs, especially ...
The Federal Reserve's targeted inflation measure ticked slightly higher in May, but the numbers didn't show a big ...
Fed Chair Jerome Powell defends the interest rate pause amid concerns about tariff-driven inflation. Here’s what this means ...
Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s ...
Higher inflation from tariffs is still expected to flow through the U.S. economy, but Wall Street investors aren’t expecting ...
The Trump administration's tariff plans may well just cause a one-time jump in prices, but the risk it could cause more ...
The data suggests growth is cooling as Americans slow spending, in part because President Donald Trump's tariffs have hiked ...
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