Target cuts sales forecast on shopper pullback
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Retailers are trying to navigate their way through economic uncertainty in 2025. Tariffs, inflation and lingering fears of a recession have left many Americans uneasy and pulling back on spending. Because consumer spending accounts for about 70% of U.S. economic activity, a retreat would heighten the odds of contraction for the U.S. economy.
Skyrocketing prices might not be top of mind this spring. But many economists warn that consumers should get ready to pay more as soon as summer.
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CNET on MSNMortgage Forecast: Tariffs and Inflation Have Kept Rates High. Will That Change in May?This week, mortgage rates are mainly driven by headlines about ongoing trade negotiations and the bond market’s reaction to tomorrow’s inflation data. On Monday, the White House announced a 90-day “reset” on steep tariffs with China,
Yields have been on the rise in part because of concerns that tax cuts currently under consideration in Washington could pile trillions of more dollars onto the US government‘s debt.
Inflation could rise this summer as tariffs are reflected in the data, forecasters say. The US tariff rate is high even after the latest deal with China.
The second term for President Trump has been punctuated by tariff uncertainty, but could his recent de-escalation from a brewing trade war with China reset market expectations in the United States?
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Inflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect, though economists and many business owners expect inflation will climb by this s
European Commission warned a further rise in tariffs would inflict more damage on the bloc’s economy but also that increased spending on defense could lift activity.
US consumer prices declined in April, but the full impact of tariffs may not be showing yet. TD Securities' Oscar Munoz discusses what this means for interest rates and markets.
US stock market stalls as S&P500 faces resistance. Trade talks, Fed signals, and CPI data drive next week’s market sentiment and forecast.
While that is less than their previous forecast for 3.5 percent inflation, it’s still well above the Fed’s annual target of 2 percent. Even though tariff rates have fallen since the ...