President Donald Trump’s volatile trade war, which threatens higher inflation, has significantly weighed on Americans’ moods these past few months.David Paul Morris/Bloomberg/Getty Images WashingtonCNN — Americans are rarely this pessimistic about the economy. Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the University of Michigan said in its latest survey released…
Economists were expecting US wholesale inflation to heat up in March, with the Producer Price Index accelerating to a 3.3% annual rate from 3.2% in February.Luke Sharrett/Bloomberg/Getty Images CNN — Inflationary pressures eased at the wholesale level last month, another indication of a strong economy before the bulk of President Donald Trump’s aggressive trade policies…
Economists expected that inflation would slow to 2.6% annually, as measured by the Consumer Price Index.Angela Weiss/AFP/Getty Images CNN — Inflation slowed sharply in March, new data showed Thursday, and in any other timeline, such news would stoke optimism that Americans’ cost of living is no longer surging. However, the latest reading of the Consumer…
A drone view shows containers on the day President Donald Trump announced new tariffs at the Port of Baltimore, Maryland, on April 2, 2025.Evelyn Hockstein/Reuters CNN — “Liberation Day” came and went, with President Donald Trump’s sweeping new tariffs battering markets, unsettling the global order, and prompting businesses and households to reconsider their spending. And…
A worker drives a front loader at a lumber mill in Elmsdale, Nova Scotia, Canada, on March 25, 2025.Blair Gable/Reuters CNN — The decades-long softwood lumber dispute between the US and Canada is escalating even before planned tariffs take effect: The US plans to more than double existing anti-dumping and countervailing duties on the critical…
Federal Reserve Chair Jerome Powell speaks at a news conference on March 19 in Washington, DC.Yasin Ozturk/Anadolu/Getty Images/File WashingtonCNN — Inflation is likely to pick up because of President Donald Trump’s sweeping tariffs, and could remain elevated, Federal Reserve Chair Jerome Powell said Friday. “We face a highly uncertain outlook with elevated risks of both…
Economists expect that the US added 130,000 jobs in March and that the unemployment rate would increase to 4.2%David Paul Morris/Bloomberg/Getty Images CNN — The March jobs report, scheduled for release at 8:30 a.m. ET, is expected to show that even though hiring in the US is slowing, the overall labor market remains fairly healthy….
The New York Stock Exchange pictured before US President Donald Trump unveiled a massive round of global tariffs on April 2, 2025.Spencer Platt/Getty Images LondonCNN — The saying goes that when America sneezes the rest of the world catches a cold — pithy shorthand to describe how changes in the world’s biggest economy ripple out…
A truck transports a container near the entrance of the Phnom Penh Autonomous Port on April 3, 2025.Tang Chhin Sothy/AFP/Getty Images CNN — For Tim Hsu, who sells modern lamps and ceiling lights mostly to American customers, US President Donald Trump’s historic tariff announcement has upended his carefully made plans. Last year, the Taiwanese businessman…
Employees check rain boots for export at a shoe factory in Lianyungang, in eastern China’s Jiangsu province on March 13, 2024.STR/AFP/Getty Images CNN — President Donald Trump on Wednesday launched a US trade war with every country via a barrage of tariffs that are set to go into effect almost immediately. American consumers and businesses…
