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The latest inflation report from the Federal Reserve, based on the Personal Consumption Expenditures (PCE) index, shows a 2.5% increase in prices year-over-year for January.
Tensions are rising in global markets as the U.S. prepares to impose a 25% tariff on European imports, with the automotive sector taking the biggest hit.
A proposed U.S. oil tariff could hit foreign producers with $10 billion in costs annually, according to Goldman Sachs.
The stock market may be headed for turmoil as a historic divergence emerges between the Dow Jones Industrial Average and the S&P 500.
Trump is pushing ahead with aggressive tariffs, setting the stage for economic tensions with both the EU and BRICS.
The US Producer Price Index (PPI) for January revealed a rise of 3.5%, surpassing December’s 3.3%, signaling persistent inflation concerns.
January’s U.S. Consumer Price Index (CPI) report revealed inflation running slightly hotter than anticipated, with annual inflation rising to 3% from December’s 2.9%.