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.
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81 Articles
Tariff's likely to impact prom season
Tarrifs hit as prom season gets underway SANTA BARBARA, Calif.-Many formals are imported and that means they'll be impacted by tariffs. That is why the Assistance League of Santa Barbara wants students, throughout the area, to take advantage of what they have to offer. They are busy lending formals to students attending high school proms. They have plenty of new and gently used formals to choose from. They're free to borrow. "I do believe tariff…
US Inflation Cools and Americans Step Up Spending as They Brace for Tariff Impact
A closely watched inflation gauge cooled last month in a sign that prices were steadily easing before most of President Donald Trump’s tariffs were implemented. At the same time, consumers accelerated their spending, particularly on cars, likely in an effort to get ahead of the duties. Wednesday’s report from the Commerce Department showed that consumer prices rose just 2.3% in March from a year earlier, down from 2.7% in February. Excluding the…
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