News

Treasury Secretary confronts CBS host over past tariff inflation predictions as rates hit 4-year-low
CBS's Margaret Brennan challenged Scott Bessent on Trump's tariffs, as retail giants warn of price hikes despite inflation ...
Goldman Sachs flags 3 reasons a tariff-induced inflation rebound won't stick around for long
Here's why inflation won't reach record-breaking 2022 levels, according to Goldman Sachs.
U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook
The U.S. economy is now expected to expand by just 1.6% in 2025, while the global economy is set to grow by 2.9%.
Tariffs And Inflation Affect Summer Travel Plans, New Survey Says
A new survey shows that nearly half of Americans say President Trump’s tariffs are affecting their summer travel plans, while ...
Inflation rate slows again and almost hits Fed’s 2% goal, but trade wars could spoil the party
The cost of living barely rose in April — and the rate of inflation slowed even closer to prepandemic levels — but it’s ...
Inflation is cooling. But stubbornly high housing costs could spark a flare-up and a rate hike by year-end, chief economist warns.
Inflation has edged down, but high housing costs could spark a fresh rise in prices and keep the Fed from cutting rates, ...
Target sales plummet amid tariffs, inflation and boycotts
Target sales plunged in the first quarter amid concerns about Trump's tariffs, inflation and backlash to its pull back on DEI ...
Fed’s Goolsbee: Tariffs will drive inflation, but effects may be temporary
Federal Reserve Bank of Chicago President Austan Goolsbee warned that new tariff policies would drive up prices, though their inflationary impact could be temporary. During a moderated discussion at ...