June, inflation and Kiplinger Economic Outlooks
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Consumers earning less than $75K a year are more likely to cut discretionary spending by at least 25%, compared to those with higher incomes. The most commonly cited reasons are financial pressure (54%) and the perception that prices are too high or better deals may be coming (50%).
U.S. businesses told the Federal Reserve in June and early July that the loss of immigrant labor is adding to their struggles with the effects of fast-changing trade policies as the Trump administration's economic strategies began gaining traction.
President Trump’s tariffs have yet to reverse the disinflation trend that’s persisted since January, baffling economists and the bearish views that color the consensus narrative.
The latest round of tariff threats from President Trump could spark fresh concerns about inflation, which might force the Federal Reserve to maintain its wait-and-see posture on interest-rate cuts, sa
The economy’s resilience so far to President Trump’s global trade war risks emboldening him and unleashing the sort of economic devastation that economists have long feared.
MSCI's global equities index lost ground on Tuesday after touching a record high, while U.S. Treasury yields hit their highest level in more than a month, as investors digested a slight rise in U.S. inflation and took a mixed view of quarterly results from big banks.
The emerging divide among Federal Reserve officials over the outlook for interest rates is being driven largely by differing expectations for how tariffs might affect inflation, a record of policymakers’ most recent meeting showed.
Statistics Canada’s June consumer price index (CPI), set for release Tuesday, is expected to show the annual inflation rate rising to 1.9 percent from 1.7 percent in May, according to RBC and other economists. Accoridng to The Canadian Press, BMO anticipates the rate will reach 2 percent.
Helen of Troy’s stock was tumbling toward a 14-year low Thursday, after the company said tariff-related impacts hurt consumer spending and led to a sales miss and a downbeat outlook.