Economists at Goldman Sachs Group Inc. boosted their forecasts for US inflation this year and next, in part to account for a weaker dollar following the Trump administration’s tariff announcements.

The S&P 500 is the benchmark index most investors use to measure performance, and for good reason. It comprises 500 of the largest companies in America, crisscrossing industries.The index represents the U.

Goldman Sachs bumped up its forecasts for Chinese economic growth, a day after the U.S. agreed to an unexpectedly large reduction in tariffs on the country's goods. G

Inflation could rise this summer as tariffs are reflected in the data, forecasters say. The US tariff rate is high even after the latest deal with China.

J.P. Morgan chief U.S. economist Michael Feroli has dialed back his forecast for a recession in 2025 to "below 50%," according to a report shared with MarketWatch on Tuesday. Feroli also pushed back the bank's forecast for the timing of the next Federal Reserve interest-rate cut until December.

US Treasuries gained after a closely watched inflation report came in below expectations, offering support for wagers on at least two Federal Reserve interest-rate cuts this year. The advances on Tuesday pushed the policy-sensitive two-year yield lower by as much as six basis points to 3.

Markets today eye April CPI data for Fed clues, with futures softer after a tariff-driven rally and key earnings on deck.

President Trump could be basking in a huge W. While campaigning last year, he promised to bring prices down rapidly. He could now claim that he’s done it. Inflation fell to 2.3% in April, which is basically in the normal range. Most prices have stabilized. Some are declining. The inflation shock that began in 2021 is over.

Gold prices have bounced back after hitting a one-month low, with the spot gold price now around $3,254 per ounce. A weaker U.S. dollar and technical buying helped stabilize the market as investors closely watch upcoming U.