Trump, Inflation and tariffs
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Trump, Republicans and climate bill
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Daily Voice on MSNRetail Sales Stall In April Amid Trump's Tariffs And Slowing Demand, New Data SaysApril's retail sales flatlined as Americans pulled back on spending, the latest sign that trade tensions under President Donald Trump's tariffs are taking a toll on the US economy. Total retail and food service sales rose just 0.
Federal Reserve vice chairman Philip Jefferson said Wednesday that if the tariffs already unveiled by President Trump are sustained, it will cause "at least" a temporary increase in inflation. There are signs in the recent data of progress on inflation,
April's inflation report will be welcome news to the FOMC—but that doesn't mean the Powell-led group will cut interest rates.
The Fed chief is speaking may talk about the Fed’s review of its monetary policy framework—how it balances employment and price stability.
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.
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Trump has argued that inflation is down before. While it's steadily ebbed in recent years, prices are still rising faster than the Fed would like.
Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.
Trump's Liberation Day tariffs saw his approval ratings plummet. But polls show that hispopularity is creeping back up.