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.
Construction Dive10d
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.
The Register Citizen5h
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 Wednesday showed that consumers slashed their spending by the most since February 2021,
Las Vegas Sun3d
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
Jump in inflation expectations bad news for Trump, the Fed, and all Americans
The survey director noted that long-range inflation expectations have increased quickly, calling it an “unusually large increase."
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.
New data shows inflation cooled slightly in January
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%.
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.
US consumer spending declines; annual inflation subsides
U.S. consumer spending unexpectedly fell in January while the annual increase in inflation slowed, supporting financial market expectations that the Federal Reserve would resume cutting interest rates in June.
Inflation is easing, but another alarm bell is ringing about the US economy
Spending fell 0.2% for the month. Adjusted for inflation, it sank 0.5%. Those are the biggest monthly declines since February 2021.
MyNorthwest.com8h
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