Treasury Secretary Scott Bessent states Walmart may have to raise prices due to Trump's tariffs, despite the President's warnings to avoid doing so. As inflation concerns linger, Bessent downplays the impact on consumers.
In a recent social media post, President Trump criticized Walmart for raising prices due to tariffs, insisting they should absorb the costs instead. As inflation concerns grow, will Walmart heed his call?
Consumer sentiment in the U.S. has hit a new low as inflation expectations soar, raising fears of a potential economic downturn. With prices on the rise and uncertainty surrounding trade policies, Americans are growing increasingly worried about their financial futures.
Stock futures remained steady as the Federal Reserve kept interest rates unchanged amidst rising inflation and unemployment risks. Fed Chair Powell warned of economic uncertainty, leaving investors anxious about a potential recession.
In a dramatic escalation, President Trump intensifies his critique of Federal Reserve Chair Jerome Powell, questioning his leadership amid rising inflation and economic uncertainty. With calls for Powell's removal, the political and economic implications are profound as Trump's tariff policies face bipartisan scrutiny.
The White House debunks rumors of a 90-day pause on Trump's tariffs as markets react negatively. Amid bipartisan criticism from billionaires, Trump insists tariffs are vital for economic growth.
As Trump prepares to unveil a 20% tariff on most imports, global markets brace for impact. Will this bold move spark a trade war? Experts warn of rising inflation and economic uncertainty.
The stock market took a hit on Friday as inflation worries and looming tariffs rattled investors. With significant declines across major indexes, experts warn of a continued slowdown in consumer activity and economic uncertainty.
U.S. consumer spending rose by 0.4% in February, reversing January's decline as inflation concerns mount amid escalating trade tensions and tariffs imposed by President Trump.
U.S. stock futures see a slight increase as investors navigate tariff uncertainties and await key inflation data. Major averages recently fell, with Lululemon shares taking a hit amidst a weak outlook.
