An inflation gauge closely watched by the Federal Reserve rose slightly last month, while some underlying prices pressures showed signs of easing. The latest inflation figures arrive as President Donald Trump has threatened to impose big import taxes on goods from Canada and Mexico,
U.S. consumers grappling with soaring prices for beef and eggs will face even higher costs for meat, vegetables and fruit if President Donald Trump imposes tariffs on Canadian and Mexican imports, economists and food industry executives said.
Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect for interest rates this year.
Even as economies shift after several years of aggressive salary growth combined with talent shortages, salary increases likely will continue to outpace inflation. Why?
Investors are bracing for a looming hit to U.S. corporate profits and pressure on inflation if President Donald Trump makes good on his tariff threats, with markets seen as not fully factoring in risks from higher levies on foreign imports.
The S&P 500 and the Nasdaq rose on Friday, as Apple gained following a strong sales forecast and a reading of the U.S. central bank's favored inflation gauge reinforced expectations that the Fed would keep interest rates unchanged for longer.
Federal Reserve Governor Michelle Bowman said she wants to see additional progress on inflation before the central bank lowers interest rates further, and questioned how restrictive policy might be given the economy’s strength.
Tax cuts, deregulation, and protectionist policies, sounds like a deal for the domestic economy. But it could upset the balance of things.
A once-dominant BlackRock Inc. bond ETF is at risk of losing its crown as the biggest inflation-hedging product of its kind, after schooling investors about the dangers of safety trades laden with interest-rate risk.
"Federal law and regulations require that obligated funds be provided to grantees absent proof of misuse of funds,” wrote the senators, including Rhode Island Senator Sheldon Whitehouse, Vermont Senator Bernie Sanders and Maryland Senator Angela Alsobrooks.
The White House press secretary said the president would move forward with levies on America’s largest trading partners, raising the prospect of a disruptive trade war.