61% of Americans Said They Had to Cut Back on Groceries
More than three quarters of Americans, including 55 percent of Republicans, said President Trump’s policies have increased the cost of living in their community.
Inflation (Economics)
G7 Finance Ministers Look to Contain Iran Economic Fallout
Top policymakers were expected to discuss rising energy prices and sanctions policy at a critical summit in Paris this week.
For Trump, Soaring Prices Test Voters’ Finances and Patience
Just months before another election that may hinge on the economy, the war in Iran has sent gas and other goods soaring.
Fed Officials Stick to Cautious Message on Rate Cuts Despite Pressure From Trump
Jerome H. Powell, chair of the Federal Reserve, has made clear that pre-emptive interest rate cuts are not appropriate for the moment.
Can Trump Fire Powell? He Says He Won’t, But His Fed Battle May Not Be Over.
The president said he has “no intention” of ousting Jerome H. Powell, the Fed chair, but the administration’s willingness to challenge norms regarding the central bank’s political independence is causing concern.
Tariff-Induced Inflation Surge May Be Temporary, Fed Official Says
Christopher J. Waller argued that the effect of tariffs on prices could be short-lived, but he warned about a bigger hit to growth.
Inflation Remained Sticky Ahead of Trump’s Escalating Trade War, PCE Data Shows
The Federal Reserve’s preferred inflation measure showed underlying price pressures persisting in February.
U.S. Consumer Sentiment Drops as Inflation Anxiety Soars
A new survey from the University of Michigan shows Americans bracing for economic pain as tariffs and policy uncertainty bite.
U.S. Inflation Eased More Than Expected in February
Economists are bracing for intensifying price pressures and slower growth, posing a challenge for the Federal Reserve.
Trump Bows to Economic Reality With Tariff Delays and Exemptions
With prices still high, the Trump administration is heeding the risks of fanning inflation with import duties.