Groceries are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025. Ronaldo Schemidt | AFP | Getty ImagesJune's inflation report will be looked at not so much for what the headline numbers show than what's in the underlying data, especially whether tariffs are starting to have an...
Category: Economy
Trump announces 35% tariffs on Canada starting Aug. 1, warns of higher levies if Ottawa retaliates
U.S. President Donald Trump and Canada's Prime Minister Mark Carney talk during a family photo at the G7 Summit in Kananaskis, Alberta, Canada, June 16, 2025. Amber Bracken | ReutersU.S. President Donald Trump on Thursday announced a 35% tariff on Canadian imports, starting Aug. 1, citing that Ottawa had retaliated...
Inflation expectations drift back down to pre-tariff levels, New York Fed survey shows
People shop at a grocery store in Brooklyn on May 13, 2025 in New York City. Spencer Platt | Getty ImagesFears earlier this year that President Donald Trump's tariffs would result in a sharp inflation spike have completely receded, according to a New York Federal Reserve survey released Tuesday.The central...
With June jobs report looming, DOGE government layoffs could start becoming a factor
A hiring sign is displayed in a Dominos Pizza window on June 25, 2025 in Austin, Texas. Brandon Bell | Getty ImagesFor federal government workers who worked at agencies tied to this year's job cuts, an apparent slowdown in the labor market is happening at the worst possible time.A gradual...
Core inflation rate rose to 2.7% in May, more than expected, Fedโs preferred gauge shows
Prices that consumers pay rose slightly in May, while the annual inflation rate edged further away from the Federal Reserve's target, according to a Commerce Department report Friday.The personal consumption expenditures price index, the Fed's primary inflation reading, rose a seasonally adjusted 0.1% for the month, putting the annual inflation...