Donald Trump’s new immigration policies—including deporting, the White House claims, about 750 immigrants a day on average—are helping drive up prices, Moody’s chief economist Mark Zandi told Fortune. He says if Trump continues deporting immigrants at the current rate, inflation will go from 2.5% to somewhere close to 4% “by the time it hits its peak early next year.” Zandi …
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Donald Trump’s new immigration policies—including deporting, the White House claims, about 750 immigrants a day on average—are helping drive up prices, Moody’s chief economist Mark Zandi told Fortune. He says if Trump continues deporting immigrants at the current rate, inflation will go from 2.5% to somewhere close to 4% “by the time it hits its peak early next year.” Zandi …
Read More »Inflation alarm bells went off again and prices are rising. Just how bad is it going to get? MarketWatch US wholesale prices jump in July as tariffs hit BBC PPI report shows biggest surge in three years. Here’s what that says about inflation. CBS News Republicans say price report is a boon; Democrats say bust. Who’s right? Al Jazeera Wholesale prices rose 0.9% in …
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As American consumers and the Federal Reserve grapple with President Donald Trump’s tariffs and their effect on inflation, the rest of the global economy may actually see some price relief. In the U.S., tariffs haven’t raised prices as much as anticipated, so far, but inflation is still ticking higher, representing an obstacle for highly anticipated rate cuts from the Federal …
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Ken Thomas and his wife Delilah have invested in energy-saving windows and insulation for their Boca Raton, Fla. home. But in the dog days of summer, their electric bill can still top $400 a month. Ken Thomas hide caption toggle caption Ken Thomas Ken Thomas woke up this past Wednesday to find the power had gone out at his house …
Read More »One Inflation Gauge Just Rose at the Fastest Rate in Three Years The Wall Street Journal Hot wholesale prices data puts wrinkle in Fed’s rate-cut roadmap Reuters Why inflation’s got you down, even if it’s not really happening (yet) CNN PPI report shows biggest surge in three years. Here’s what that says about inflation. CBS News US inflation held steady as mild tariff hit …
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For most Americans, we just lived through the highest period of inflation in our lives. And we are reminded of this every time we go grocery shopping. All over TikTok, tons of people have posted videos of how little they got for … $20. $40. $100. Most upsetting to us: an $8 box of Cinnamon Toast Crunch. Food prices are …
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By Ann Saphir (Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Friday left the door open to supporting an interest-rate cut in September should fresh data prove reassuring, but said recent reports showing a rise in services inflation give him some pause amid what he calls the “stagflationary” impulse from tariffs. “I feel like we still need another one …
Read More »Americans more worried about inflation and unemployment after new trade deals leave tariffs at highest level in decades MarketWatch American consumers are getting nervous about inflation again. For now, they’re still spending CNN Consumer sentiment falls for first time in 4 months as inflation expectations surge Yahoo Finance Consumer sentiment worsened in August amid sweeping new tariffs ABC News US Stocks Steady as Retail …
Read More »Why Haven’t Tariffs Boosted Inflation? This Theory Is Gaining Traction The Wall Street Journal Some Thoughts on the Interaction of Tariffs and Prices Bloomberg.com Inflation or recession? Either way, Trump’s tariffs will leave lasting scars. The Hill Transitory Inflation: Supply Chains and Tariffs Center for Economic and Policy Research Tariffs Are Starting to Cause Inflation. Just Look at This Week’s Data. Barron’s Source link
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