Consumer attitudes worsened more than expected in April, casting further gloom over the economy as President Donald Trump’s tariffs set off warnings of price increases and a possible recession, fresh data on Tuesday showed.
Many kids love to dye eggs to celebrate Easter, but the record-high egg prices have people scrambling for an alternative to the popular past-time.
U.S. consumers cut back sharply on spending last month, the most since February 2021, even as inflation declined, though stiff tariffs threatened by the White House could disrupt that progress.
U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay further interest rate cuts.
The latest data shows inflation ticked up slightly last month. The higher prices come just as Americans get ready to celebrate Thanksgiving.
Wholesale inflation in the U.S. rose again last month.
Consumer prices rose 3.4% in December compared to a year ago, accelerating markedly from the previous month and defying a smooth path down to normal levels, a report from the Bureau of Labor Statistics released on Thursday showed.
Americans attitudes about inflation have improved.
Nike announced it is looking for as much as $2 billion in cost savings over the next three years.
Inflation in the U.S. cooled in June for the 12th month in a row.
