Tag: Inflation
The mighty American consumer keeps shrugging off tariffs as retail sales rise 0.5% in July
Shoppers spent at a healthy pace in July, particularly at the nation’s auto dealerships, as they shrug off President Donald Trump’s tariffs, which are starting...
In this economy, even the affluent are a ‘more cautious consumer,’ Sweetgreen CEO warns. Chipotle and Cava are hurting too
Chipotle, Cava, and Sweetgreen are all confronting a marked consumer spending slowdown in 2025, evident in disappointing sales, flat or declining customer traffic, and...
Another tariff warning sign as wholesale inflation surges unexpectedly in July
U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs higher.
The Labor Department reported Thursday...
Jerome Powell’s job just got a whole lot easier as inflation data sidesteps disaster
July’s inflation report went about as well as the Fed (and the White House) could have hoped for.
The Consumer Price Index (CPI) summary...
Anxiety about the economy is forcing two-thirds of U.S. employers to yank budgets for raises
In 2026, US employers are expected to grant employees raises that are largely in line with what they’re receiving this year, according to a Payscale...
Inflation is staying level—for now—but the next wave of tariff-driven price increases is already in motion: ‘They are going up, we’ve seen that’
WASHINGTON (AP) — U.S. inflation was unchanged last month while a measure of underlying inflation rose to its highest level in five months, as...
Trump said foreign countries would ‘eat’ tariffs—but U.S. consumers and businesses will actually pay 75% at best
When President Trump announced his tariff agenda, he said it would be foreign companies and consumers that would “eat” the price hikes. That’s a...
Dow futures rise as Wall Street and the Fed brace for updates on how much Trump’s tariffs are stoking inflation
Markets were pointing toward another rally on Sunday evening as investors brace for fresh economic data that will deliver new clues on how much President...
US inflation to rise as higher tariffs feed through
US consumers probably experienced a slight pickup in underlying inflation in July as retailers gradually raised prices on a variety of items subject to...
The Money Doctor and ‘Captain Pakistan’: Steve Hanke on his last call with Imran Khan and the doom loop gripping South Asia
August 5th marked another grim day for Imran Khan, the former Prime Minister of Pakistan and one of the world’s greatest cricketers. It was...