Former Treasury Secretary Janet Yellen predicts President Donald Trump‘s tariffs will cause prices to rise and average household income to fall, despite a slowing trend […]
Tag: inflation
CPI Inflation Data is Muted as Tariff Impact is Limited
Businesses across the United States have for months warned that they would raise prices on their customers in response to President Trump’s tariffs. The latest […]
Republican senator teams up with Democrat to push $15 per hour minimum wage plus annual inflation increases
NEWYou can now listen to Fox News articles! Sens. Josh Hawley, R-Mo., and Peter Welch, D-Vt., are pushing legislation that would hike the federal minimum […]
U.S. Inflation Stable Ahead of Expected Jump From Tariffs
U.S. inflation held steady in April in what economists warn could be a final lull before a likely surge in consumer prices because of President […]
Fed Under Pressure as Inflation Expectations Rise
Federal Reserve officials have had one clear message since President Trump sharply escalated the global trade war this month: Keeping inflation expectations in check as […]
Inflation Eased in March but Tariffs Raise Risk of Higher Prices
Inflation cooled unexpectedly sharply in March, a welcome development given the uncertainties surrounding President Trump’s global tariffs that are widely expected to stoke price pressures […]
Powell Warns Trump’s Tariffs Risk Stoking Even Higher Inflation and Slower Growth
Jerome H. Powell, chair of the Federal Reserve, warned that President Trump’s tariffs risk stoking even higher inflation and slower growth than initially expected, as […]
Stocks Fall as Inflation Anxiety Dampens Mood on Wall Street
Concerns about inflation and weak consumer sentiment dragged down the stock market on Friday, as Wall Street keeps struggling to assess the path forward for […]
Inflation Remained Sticky Ahead of Trump’s Escalating Trade War, PCE Data Shows
Americans hoping for some relief on inflation suffered a setback in February, as new data showed underlying price pressures intensifying even before the latest escalation […]
Powell’s ‘Transitory’ Inflation Call Revives Memories of Pandemic
“Transitory” is back Jay Powell wants businesses and investors to know: The Fed chair shares their concerns about President Trump’s tariff skirmishes as the economic […]