See every side of every news story
Published loading...Updated

US inflation cools and consumers step up spending as Americans brace for tariff impact

  • The Commerce Department reported that US inflation slowed sharply in March as consumer spending surged ahead of President Trump’s tariff implementation.
  • The slowdown followed prior tariff-driven consumer purchases, with energy prices falling and food costs rising, affecting inflation measures differently.
  • Data showed the Personal Consumption Expenditures price index rose 2.3% annually in March, slower than February’s 2.7%, while consumer spending jumped 0.7%.
  • The core PCE price index, excluding food and energy, slowed to 2.6% annually and remained unchanged monthly, reflecting cooling underlying inflation pressures.
  • These trends suggest inflation moves closer to the Federal Reserve’s 2% target despite uncertainties about tariff impacts and their effects on the US economy.
Insights by Ground AI
Does this summary seem wrong?

81 Articles

All
Left
13
Center
39
Right
4
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 70% of the sources are Center
70% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Jornal de Negócios broke the news in Porto, Portugal on Wednesday, April 30, 2025.
Sources are mostly out of (0)

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.