US EditionSome US consumers in 'survival mode' as Trump tariffs arrive
- Overall consumer credit slipped by over $800 million in February, according to Fed data.
- This decline represents a notable shift, as credit had increased $8.9 billion the prior month.
- Consumer credit decreased at a seasonally adjusted annual rate of 0.2% in February, marking the third decline in four months.
- Wells Fargo economists, led by Tim Quinlan, stated tariffs increase prices to meet various policy goals.
- New tariffs are arriving as the US economy slows, potentially stalling GDP growth, said the NRF.
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BizTocDrowning in tariffs, American businesses try to stay afloat
Drowning in tariffs, American businesses try to stay afloat NPR Article Attribution | Read More at Article Source The post Drowning in tariffs, American businesses try to stay afloat – NPR appeared first on RocketNews.
NYC shoppers stock up as Trump’s tariffs loom: ‘Pray to God that we all survive’
Thrifty Big Apple shoppers were rushing to stock up on the basics Wednesday after President Trump's sweeping reciprocal tariffs briefly went into effect -- before he then announced a 90-day pause.
US consumers in 'survival mode' as Donald Trump's tariffs hit home
American consumers braced for pain even ahead of President Donald Trump’s hefty tariffs on imported products, which came into effect overnight Tuesday into Wednesday. Some rushed out to buy the latest smartphones ahead of any price increases, while others said they had been watching their spending more closely than before. Loaded groceries “I live in an apartment. You can’t stockpile,” a retired woman told AFP on Tuesday as she loaded her grocer…
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Some US consumers in 'survival mode' as Trump tariffs arrive
American consumers braced for pain even ahead of President Donald Trump's hefty tariffs on imported products, which came into effect overnight Tuesday into Wednesday.
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