Inflation Slowed in February, But the Future of Inflation Isn’t as Rosy as the Numbers Suggest
NEW YORK — Inflation cooled slightly in February but the outlook for future inflation is still somewhat grim as President Trump’s tariff policies remain in flux. The Consumer Price Index, a key measure of inflation, rose 0.2% in the last month, down from 0.5% in...
Trade war uncertainty and growing trade deficit leaves U.S. companies vulnerable
NEW YORK – President Donald Trump’s tit-for-tat economic policies have forced businesses to brace for an all-out trade war, and pushed the trade deficit to levels unseen before. The latest numbers from the Bureau of Economic Analysis show that the goods and services...
U.S. Home Prices Continue Growth in December, Regions Trend Diverge
NEW YORK — U.S. home prices continued to rise in December, but the national numbers obscured big differences beneath the surface. Nationwide, home prices grew 3.9% in December from a year earlier, up from a 3.7% annual gain in the previous month, according to the...
Falling Consumer Spending Reflects Wavering Confidence in Economy
NEW YORK — Amid mounting fears about confidence in the economy, new data on household spending presents a grim reality: consumer spending dipped in January, suggesting that uncertainty is translating into tighter purse strings. Households decreased spending by 0.2...
Retail Sales Report Shows Weaker Numbers Than Expected
The sharp decline comes amidst months of positive sales growth in retail after the holiday season.
Rising Prices in January Show Inflation Is Still a Concern
NEW YORK — Consumer prices rose faster than expected in January, due in part to quirks in the way the data is measured but also signaling that progress on reducing inflation has stalled. The Consumer Price Index, a key measure of inflation, rose 0.5% from December, up...
U.S. Trade Deficit Closes 2024 with Record High As Trade War Looms
NEW YORK — The U.S. trade deficit reached a historic high last year as importers and exporters braced for a possible trade war with its largest trading partners. The 2024 trade deficit ended the year at over $918 billion, reflecting a 17% increase from 2023,...
Trump Gaining In Polls Among Black Voters
As polls show an uptick in support for the presumed Republican nominee, experts say the support for Trump is tied to inflation and a history of incumbents being held responsible for the nation’s economic woes, something that disproportionately affects Black voters....
Economic skepticism may drive young voters away from the ballot
Imagine a frog in a pot of water. Someone raises the temperature and the frog acclimates to it. But the heat only keeps rising. That's what inflation feels like to Kody Kohnen, a 22-year old senior at Texas A&M studying agricultural leadership, who explained the...