Facebook Tweet Email Link US consumers continued to spend in June, powering the economy in the process, despite tariff-related price hikes becoming more present on store shelves and online. Consumer spending rose 0.3% from May, when spending was flat, according to Commerce Department data released Thursday. The report — which provides a comprehensive look on how prices are changing as …
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Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Apr. 1, 2025. Bloomberg | Bloomberg | Getty Images Australia’s headline inflation rate in the second quarter of the year slipped to its lowest point since March 2021, coming in at 2.1% year over year, …
Read More »Amazon, Apple, Visa, Meta, Jobs, the Fed, Inflation, and More to Watch This Week Barron’s This could be the most consequential week for the economy in years CNN A Data Deluge Brings a ‘Moment of Truth’ for Markets This Week Bloomberg.com Trump’s economy faces historic week on interest rates, trade, jobs and more Axios Cramer’s week ahead: Fed meeting, nonfarm payrolls, Big Tech earnings CNBC …
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Initial predictions about runaway inflation and empty shelves after President Donald Trump announced his sweeping tariffs in April have yet to materialize. Some in the Trump administration have taken that as a sign that he should double down on tariffs. Earlier this month, Treasury Secretary Scott Bessent posted on X that the “inflation propagandists have been proven wrong.” White House …
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“It looks like it’s about $3.1bn – it went up a little bit or a lot,” said Donald Trump, handing Jerome Powell a piece of paper as they stood amid construction at the US Federal Reserve’s Washington HQ. The usually unflappable Fed chief looked irritated, closed his eyes and shook his head. “I am not aware of that,” said Powell. …
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Climate change-induced food price shocks are on the rise and could lead to more malnutrition, political upheaval and social unrest as the world’s poorest are hit by shortages of food staples. New research links last year’s surges in the price of potatoes in the UK, cabbages in South Korea, onions in India, and cocoa in Ghana to weather extremes that …
Read More »Housing Market Sends Mixed Signals as Inflation and Mortgage Rates Inch Up Realtor.com Mortgage and refinance interest rates today, July 18, 2025: Mortgage rates are slightly lower than last summer Yahoo Finance US mortgage rates are once again on the rise Baton Rouge Business Report Second straight mortgage rate uptick, home prices still too high for most buyers WKBN.com Mortgage Rates Barely Budge Today …
Read More »Top economist drops 6-word verdict on Trump tariffs, inflation TheStreet The Economy Seems Healthy. Were the Warnings About Tariffs Overblown? The New York Times Trump Effect Starts to Show Up in Economy – WSJ The Wall Street Journal Here’s when a top economist says the US will see the most damage from Trump’s tariffs Business Insider Trump Trade News: Tariffs Show Up in More …
Read More »Kevin Dietsch/Getty Images 2025-07-18T14:47:55Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Apollo’s chief economist says the most damage from Donald …
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People shop at a Manhattan retail store on July 15, 2025 in New York City. Spencer Platt | Getty Images Consumers’ worst fears about tariff-induced inflation have receded, though they are still wary of price increases to come, according to a University of Michigan survey Friday. The university’s closely watched Survey of Consumers for July showed overall sentiment increased slightly, …
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