Consumer attitudes about both the present and near future dimmed again in April, as tariffs dented sentiment and confidence in employment hit levels last seen around the global financial crisis.The Conference Board's Consumer Confidence Index fell to 86 on the month, down 7.9 points from its prior reading and below...
Category: Economy
Inflation job nearly done but tariff risks loom — What European Central Bank members said this week
Guests and attendeess mingle and walk through the atrium during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 24, 2025. Jim Watson | Afp | Getty ImagesAfter years dominated by the pandemic, supply chains, energy and inflation, there was a new topic topping...
Businesses are already trying to pass tariff costs onto customers, Fed report says
Businesses dealing with the early stages of President Donald Trump's tariffs are looking for ways to pass increasing costs onto consumers, according to a Federal Reserve report Wednesday.As Trump ordered against-the-board levies on U.S. imports and higher duties on Chinese products, the Fed's Beige Book indicated how they plan to...
Trump’s approval rating on the economy drops to lowest of his presidential career, CNBC Survey finds
President Donald Trump is registering the worst economic approval numbers of his presidential career amid broad discontent over his handling of tariffs, inflation and government spending, according to the latest CNBC All-America Economic Survey.The survey found that the boost in economic optimism that accompanied Trump's reelection has disappeared, with more...
China targets U.S. services and other areas as it decries ‘meaningless’ tariff hikes on goods
Dilara Irem Sancar | Anadolu | Getty ImagesChina last week announced it was done retaliating against U.S. President Donald Trump's tariffs, saying any further increases by the U.S. would be a "joke," and Beijing would "ignore" them.Instead of continuing to focus on tariffing goods, however, China has chosen to resort...