Federal Reserve Governor Christopher Waller speaks during the Clearing House Annual Conference in New York City, on Nov. 12, 2024. Brendan Mcdermid | Reuters Federal Reserve Governor Christopher Waller said Monday he expects the effects of President Donald Trump's tariffs on prices to be "transitory," embracing a term that...
Wholesale prices unexpectedly fell 0.4% in March, showing easing inflation backdrop ahead of tariffs
Wholesale prices unexpectedly fell in March, setting up a favorable inflation backdrop as President Donald Trump began intensifying tariffs against U.S. trading partners, the Bureau of Labor Statistics reported Friday. The producer price index, considered a leading indicator for pipeline inflation pressures, declined a seasonally adjusted 0.4% for the...
Wholesale prices unexpectedly fell 0.4% in March, showing easing inflation backdrop ahead of tariffs
Wholesale prices unexpectedly fell in March, setting up a favorable inflation backdrop as President Donald Trump began intensifying tariffs against U.S. trading partners, the Bureau of Labor Statistics reported Friday. The producer price index, considered a leading indicator for pipeline inflation pressures, declined a seasonally adjusted 0.4% for the...
Consumer sentiment tumbles in April as inflation fears spike, University of Michigan survey shows
Consumer sentiment grew even worse than expected in April as the expected inflation level hit its highest since 1981, a closely watched University of Michigan survey showed Friday. The survey's mid-month reading on consumer sentiment fell to 50.8, down from 57.0 in March and below the Dow Jones consensus estimate...