Tariff threats and uncertainty could weigh on consumers, drag down US economy, gov't report suggests
Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy. Data released Friday showed that consumers slashed their spending by the most since February 2021,
Senate Democrats have been insistent about the problem of inflation with President Donald Trump in the White House, but they
A key price gauge declined last month, a sign that inflation may be cooling though stiff tariffs threatened by the White House threaten that progress. Yet data released Friday by the Commerce Department also showed that Americans cut their spending last month 0.
Americans cut their spending by 0.2% in January from the previous month, the Commerce Department said Friday, likely in part because of unseasonably cold weather. Yet the retreat may be hinting at more caution by consumers amid rising economic uncertainty.
Tariff threats and uncertainty could weigh on consumers, drag down US economy, gov’t report suggests
Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy. Data
A key price gauge declined last month, a sign that inflation may be cooling though stiff tariffs threatened by the White House threaten that progress.
U.S. consumers cut back drastically on spending last month, the most since February 2021, even as inflation declined, though stiff tariffs threatened by the White House could disrupt that progress. Americans cut their spending by 0.
U.S. consumers cut back sharply on spending last month, the most since February 2021, even as inflation declined, though stiff tariffs threatened by the White House could disrupt that progress.
4don MSNOpinion
Trump's tariffs on Canada, Mexico and China are going to transform the U.S. economy and exacerbate the inflation that helped him beat Biden.
The president knows his plans,” a White House official said, while Donald Trump presses ahead with tariffs that economists warn will push prices higher.
The Trump administration wants Americans to deal with short-term economic turmoil, including job losses and inflation, on the promise of better times ahead.
The new White House administration is making major changes in trade, immigration, fiscal policies, and deregulation. "It's the net effect of these policies" that matters, Federal Reserve Chair Jerome Powell said on Friday at the University of Chicago Booth School of Business.
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