U.S. Consumer Confidence Drops for Third Straight Month Amid Trade Turmoil
U.S. consumer confidence has fallen for the third consecutive month amid ongoing trade tariff chaos, signaling heightened economic concerns, according to a new survey.
Inflation
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Chinese New Year Shopping Spurs 0.5% Rise in China’s Consumer Prices
China’s consumer prices climbed 0.5% in January, spurred by increased spending during the Chinese New Year holiday, according to official data. The festive season boosted demand, driving up the inflation rate.
China’s Inflation Sees Modest Rise of 0.5% in January
China’s consumer price index rose 0.5% year-on-year in January, signaling modest inflation growth, while producer prices fell by 2.3%, reflecting economic shifts.
Boomerang Effect: US Tariffs May Backfire on American Consumers
US tariffs intended to protect domestic industries may backfire, leading to higher costs for businesses and consumers, escalating inflation, and potentially undermining economic growth.
Federal Reserve Begins 2023 with First Meeting to Tackle Inflation
The U.S. Federal Reserve holds its first meeting of 2023 to address soaring inflation and consider changes to interest rates.