Senate Democrats have been insistent about the problem of inflation with President Donald Trump in the White House, but they
National Economic Council Director Kevin Hassett addressed the impact of DOGE dividend checks through cost cuts.
Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy. Data
Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy. Data released Wednesday showed that consumers slashed their spending by the most since February 2021,
A key price gauge declined last month, a sign that inflation may be cooling though stiff tariffs threatened by the White House threaten that progress.
U.S. consumers cut back drastically on spending last month, the most since February 2021, even as inflation declined, though stiff tariffs threatened by the White House could disrupt that progress.  Americans cut their spending by 0.
U.S. consumers cut back sharply on spending last month, the most since February 2021, even as inflation declined, though stiff tariffs threatened by the White House could disrupt that progress.
A new report out from the Commerce Department shows inflation cooled off slightly last month. The Personal Consumption Expenditures price index showed inflation rose 2.5% from the year before, down from December’s 2.
Thomas Ryan, an economist at Capital Economics, attributed the decline in part to “unseasonably severe winter weather,” but warned that the Fed’s job will become “trickier if January’s sharp decline in consumption was a sign of consumer strength buckling.”
The central bank wants to see further progress that price pressures are easing before it lowers interest rates again.
Inflation in the Federal Reserve’s preferred price gauge eased in January after making steady increases throughout the fall. The personal consumption expenditures (PCE) price index increased by