Tariff-Related Inflation Fears Kept Consumers Spending
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US wholesale prices sank in April, logging their biggest monthly drop since Covid stifled the economy, as tariffs put a squeeze on profit margins, according to new data released Thursday.
The US CPI is rising at the slowest rate in more than four years, but economists believe consumers will soon see the effects of President Trump's tariffs.
Trump’s tariff push may raise consumer prices as import taxes drive up business costs and inflation concerns grow.
The precious metal will keep rising higher, but it's not because investors are afraid of inflation, says billionaire investor David Einhorn.
US consumer prices declined in April, but the full impact of tariffs may not be showing yet. TD Securities' Oscar Munoz discusses what this means for interest rates and markets.
Tuesday's report could provide an early read on how Trump's duties will affect the prices Americans pay for necessities and other goods such as clothing, shoes, furniture and even groceries.
Another potentially encouraging inflation report this week could be at least partly traced to a surprising source: President Donald Trump’s sweeping tariffs. The import fees are expected to ...
The state of Michigan's financial picture has eroded considerably since January 2023, when the state was sitting on a $9.2-billion budget surplus.
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