Trumps tariffs are rattling U.S. consumers, who are stocking up on everything from cars to olive oil and iPhones. The behavior offers some good news for scrambling businesses.
April 8, 2025inflation News Updates
Tariff Fears Drive Surge in Consumer Spending
Dole Says Port Fees on Chinese Ships Would Hike Banana Prices
Dole says a proposal to curb Chinas dominance of the maritime industry would have a big impact on bananas and aggravate consumers already sensitive to higher prices at the grocery store.
March 26, 2025Trucking Market Shows Signs of Recovery After Long Downturn
Trucking is emerging from a difficult period, and the headwinds that have plagued the industry are beginning to weaken as freight volumes improve and capacity leaves the market.
March 21, 2025Trump Pressures Fed to Cut Rates as Tariff Concerns Grow
The public pushback on interest rates comes as the Trump White House tries to make its case for stiffer tariffs amid a mixed economic picture in the U.S.
March 20, 2025Fed Stays the Course on Rates as Inflation Risks Grow
The Federal Open Market Committee voted to keep the benchmark federal funds rate in a range of 4.25%-4.5%, and said it would further slow the pace at which it is reducing its balance sheet.
March 19, 2025Tariffs Could Raise US Car Prices by Up to $12,000
Tariffs of 25% on imports from Canada and Mexico threaten to exacerbate an automotive affordability crisis that is already driving buyers out of the market.
March 3, 2025Costello: Amid Inflation, Some Segments Strong for Trucking
People are looking at the prices of things and freaking out, Bob Costello said Feb. 20 at the 2025 Recruitment & Retention Conference in Nashville.
February 25, 2025Bank of Canada Lowers Rates as Tariff Concerns Grow
Bank of Canada officials acknowledged that the economic uncertainty created by a potential trade battle supported their decision to cut interest rates last month.
February 12, 2025Powell Signals No Rush to Cut Interest Rates Further
We know that reducing policy restraint too fast or too much could hinder progress on inflation, Powell said in prepared testimony for the Senate Banking Committee.
February 11, 2025GM and Ford Lobby to Save EV Tax Incentives
Among the options being floated if the Trump administration moves to strike EV incentives is a three-year wind down to allow more time for the companies to adjust their businesses.
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