Many concerned Trump tariffs will raise prices Many Americans concerned Trump’s reciprocal tariffs will raise prices 05:49 As consumers cope with lingering cost-of-living pressures and the potential impact of tariffs, CBS News is tracking the change in prices of everyday household expenses — from food to utilities and rent. Drawing from a range of government…
CBS News is tracking the already sharply rising cost of products most impacted by tariffs imposed and soon-to-be-imposed by President Trump, from the cost of common grocery items to the the purchase and operation of cars and trucks. As new tariffs are set to be rolled out as early as April 2, we will continue…
The US stock market has whipsawed this week over mounting concerns of an economic downturn, as president Donald Trump’s trade war escalates. Wall Street witnessed a selloff at the start of the week, after Trump declined to rule out the possibility that the US economy could dip into a recession this year, in an interview…
Two recent readings on inflation showed price increases decelerated in February — but within the details, economists see warning signs. Thursday’s report from the Bureau of Labor Statistics showed that its “core” Producer Price Index (PPI) — which tracks the price changes companies see and excludes food and energy — rose 3.4% from the year…
The cloud behind the inflation silver lining Even upbeat economic news can offer little comfort to markets and the C-suite. Stocks look set to open lower as relief over Wednesday’s better-than-expected inflation report fades, and concerns grow that a trade war could sap consumer spending and corporate profits. That’s led more corporate chiefs to speak…
We spoke with Agriculture Secretary Brooke Rawlings, who says it may take until the summer to see the effects of the Trump administration’s new plan to bring down egg prices. Rawlins says the USDA has *** 5 point plan bringing more hens into repopulating flocks, removing red tape to help the industry grow, considering temporary…
US stock futures fell solidly Sunday evening as investors took the weekend to process the February jobs report and prepared for a busy week of economic data, headlined by a report on inflation amid concerns over its resurgence under President Trump’s unpredictable trade policy. Dow Jones Industrial Average futures (YM=F) saw a 0.5% slip. Futures…
Stocks Rise After Another Hot Inflation Reading The Dow rose 123 points, or 0.3% while the S&P 500 and the Nasdaq Composite were up 0.2% and 0.4%, respectively. The “cool increases in healthcare services point to a better core PCE read for the month,” wrote Bill Adams, chief economist for Comerica Bank. The 10-year yield…
US stocks (^DJI, ^IXIC, ^GSPC) jumped in Thursday’s session, closing higher after President Trump announced intentions to delay reciprocal tariffs until April. Yahoo Finance senior markets reporter Josh Schafer joins Asking for a Trend to lay out the trading day’s biggest market themes, highlighting the hot inflation data from January’s Consumer Price Index (CPI) and…
Inflation accelerated in January, CPI report finds – CBS News Watch CBS News Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve’s push to drive inflation down to a 2% annual rate has stalled out, at least temporarily. Martin Baccardax joins to discuss. Be the first to know Get…