Economy News Consumers See Worsening Economy, Higher Inflation

BofA sees consumer pain increasing from controversial economic policy

To make matters worse, BofA says the core goods Personal Consumption Expenditures (PCE) price index will have risen by 1.3% over the past year and 2.2% annualized since March when the tariffs went ... Read More

How consumers will get through the holidays

More than three-quarters of U.S. consumers now use buy now, pay later services, according to a LegalShield survey. About half of BNPL users told the firm that they plan to purchase more this holiday ... Read More

A Weakening Economy, and a Drastically Cut Economic Support System

Concerns are reportedly growing over the state of the U.S. economy, so it’s worth checking in on its health. The answer is mixed: some positives as it now stands, but also enough warning signs ... Read More

What Trump’s $2,000 Stimulus Check Could Mean for Inflation, Economy

Economists who spoke with Newsweek warned that tariff revenues may be insufficient to finance Trump's $2,000 checks. Read More

Trump Turns to Affordability Message Amid Economic Frustration

The Trump administration is facing backlash from American consumers as higher costs from tariffs blunt wage gains. Read More

Fed researchers say tariffs actually lower inflation — because they’re demand shocks that slam employment and economic activity

"Instead, tariff shocks appear to act as aggregate demand shocks—moving inflation and unemployment in the same directions." ... Read More

Consumer sentiment sours as government shutdown threatens economic damage

The fresh data marked three consecutive months of worsening shopper attitudes. Consumer sentiment soured in October as a government shutdown threatens to weaken a wobbly economy beset by an uptick in ... Read More

Hiltzik: How bad is Trump's economy? Election results say it's very bad, and getting worse

For businesses, the effect of Trump's incoherent economic policy decisions is to freeze their planning in place. A recent poll of corporate chief executives indicates that the business leaders are ... Read More

Banks see a resilient American economy despite unknowns with tariffs, inflation

Wall Street had one of its most profitable quarters despite uncertainties facing the American economy that include erratic trade policy and steep tariffs from the White House and geopolitical upheaval ... Read More

Consumers See Little Improvement Ahead on Inflation, Softening Job Market

Consumer sentiment changed little in October as Americans grapple with a softer labor market and high prices, although their assessment of future inflation improved slightly. Improvements in the ... Read More

Economists agree: You’re not crazy for feeling like the rich get richer, and the poor are doing worse. Welcome to the ‘K-shaped economy’

What was a niche argument about five years ago is suddenly everywhere you look, and it’s taking on the shape of a letter with two jagged edges. Read More