Latest Inflation News
Small business owners brace for Trump's proposed tariffs
Small businesses are bracing for stiff tariffs that President-elect Donald Trump has proposed as one of his first actions when he takes office. Trump has proposed importers pay a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on...
A top Fed official leans toward December rate cut but says it depends on economic data
WASHINGTON (AP) — A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view. Speaking at George Washington...
Shopping on Shein and Temu for holiday gifts? You're not the only one.
Shopping on Temu can feel like playing an arcade game. Instead of using a joystick-controlled claw to grab a toy, visitors to the online marketplace maneuver their computer mouses or cellphone screens to browse colorful gadgets, accessories and trinkets with prices that look too good to refuse. ...
Retailers coax Black Friday shoppers into stores with big discounts and giveaways
NEW YORK (AP) — Retailers used giveaways and big discounts to reward U.S. shoppers who ventured out for Black Friday even as earlier offers, the prospect of better bargains in the days ahead and the ease of e-commerce drained much of the excitement from the holiday shopping season's much-hyped...
The ruble's in a slump. For the Kremlin, that's a two-edged sword
Russia's ruble is sagging against other currencies, complicating the Kremlin's efforts to keep consumer inflation under control with one hand even as it overheats the economy with spending on the war against Ukraine with the other. The official central bank rate for Friday was set at...
Inflation rose to 2.3% in Europe. That won't stop the central bank from cutting interest rates
FRANKFURT, Germany (AP) — Inflation in the 20 countries that use the euro currency rose in November — but that likely won’t stop the European Central Bank from cutting interest rates as the prospect of new U.S. tariffs from the incoming Trump administration adds to the gloom over weak growth....
Mexican president says she is confident that a tariff war with the US can be averted
MEXICO CITY (AP) — Mexican President Claudia Sheinbaum said Thursday she is confident that a tariff war with the United States can be averted. But her statement — the day after she held a phone call with U.S. President-elect Donald Trump — did not make clear who had offered...
Trump's tariffs in his first term did little to alter the economy, but this time could be different
WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised...
Avocados, tequila and other iconic Mexican products are jeopardized by Trump's tariff threats
URUAPAN, Mexico (AP) — Mexicans are worried that threats by Donald Trump to impose 25% tariffs could affect a wide range of iconic Mexican products and threaten entire regional economies. In western Mexico, no crop supplies an income for so many small growers as avocados. But...
'Everything is expensive!' Bolivia faces a shocking economic collapse
EL ALTO, Bolivia (AP) — Fuel is rapidly becoming one of Bolivia’s scarcest commodities. Long lines of vehicles snake for several kilometers outside gas stations all over Bolivia, once South America’s second-largest producer of natural gas. Some of the queues don’t budge for...
