Reported 26 days ago
US inflation saw a notable increase at the beginning of the year, driven by rising costs in groceries, gas, and housing, making it unlikely for the Federal Reserve to lower interest rates soon. This inflation spike occurs alongside President Trump's consideration of imposing reciprocal tariffs, likely impacting global trade dynamics. As a result, retail sales dropped significantly in January, hinting at a consumer pullback after the previous year's spending surge. Other global economies are also feeling the effects, with varying responses to shifting market conditions and trade tensions.
Source: YAHOO